Rising concern on food security: From a global perspective

Cheong, Qi Heng and Lee, Cheh Kang and Lee, Chi Yen (2024) Rising concern on food security: From a global perspective. Final Year Project, UTAR.

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Abstract

Countries around the world are confronted with the challenge of ensuring food security, which has major impacts on global stability and overall health. This research investigates how food security, climate change, and trade openness are interlinked and impact food stability. We examine information from 151 nations over the time frame of 2001 to 2020, with 2,961 observations, utilizing strong panel data methods. In our analysis, we use various methods such as pooled least squares, fixed effects, random effects, and Driscoll-Kraay standard error estimation to guarantee the reliability of our findings. The results show a strong link between trade openness and food stability, suggesting that while trade openness can improve food security, it may also worsen food stability problems in specific circumstances. Furthermore, there is a strong positive correlation between food stability and the interaction of trade openness and climate change, indicating that the impact of these variables together could exacerbate food security. On the flip side, this research suggests that the impact of climate change on food security is not as significant as previously believed, as it has a low relationship with food security. This emphasizes the intricate interactions among these factors and emphasizes the necessity of specific approaches to tackle the various aspects of food security issues.

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