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The Political Economy of Food and Finance

The Political Economy of Food and Finance

Hardcover

Series: Routledge Frontiers of Political Economy

Business GeneralEconomicsInvesting & Finance

ISBN10: 1138838225
ISBN13: 9781138838222
Publisher: Routledge
Published: Nov 26 2015
Pages: 160
Weight: 0.94
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English

This book describes the financialization process in commodity futures markets which transformed commodities into an asset class. Incorporated into the portfolio decisions of investors, commodity prices now behave like all asset prices, becoming more volatile and subject to periodic bubbles. As commodity prices were driven higher in the 2000s, farmland became more valuable, setting off a global land grab by investors, nations, and corporations. More recently, under the financialization food regime, slow growth and low returns encouraged merger activity driven by private equity firms, with food industry corporations as prime targets, leading to increased industry concentration.

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