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An efficient and cost-saving way to boost APEC’s food emergency response capability


This presentation uses two different analyses to examine feasibility of the AFERM. The first is Socio-Economic Impact Assessment (SIA), which is conducted by the Global Trade Analysis Project (GTAP) model. The simulation result reveals an adverse production shocks of staples from natural disasters will happen. It can generate spillover effects to economies inside and outside the APEC region through global market signals and international trade. The second part is Cost-Benefit Analysis, which provides a framework for systematically assessing the efficiency of public policies. The result shows APEC region is the most vulnerable to natural disasters among all areas. Consequently, AFERM offers a cost-effective and risk-sharing buffer to safeguard emergency food needs through regional collective actions.

KEY WORD: Study, APEC Food Emergency Response Mechanism, AFERM, Cost-benefit Analysis, Socio-Economic Impact Assessment, Simulation

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