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International policy opportunities for true cost accounting in food and agriculture

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The international policy level with respect to True Cost Accounting (TCA) is relatively undeveloped but pivotal. Many of the current externalities in the global food systems stem from the embrace of “cheap food” as a political necessity for national governments; addressing the fallacy in this paradigm will require greater global recognition of the determinants of healthy diets for all. International trade in foodstuffs also merits global attention from the standpoint of costs and benefits of externalities. An emerging feature of global food systems is the existence of multiple, insidious forms of visible and invisible flows of natural resources and externalities, across borders and continents. Building on a growing understanding of TCA in food and agriculture, the concept has been brought forward in recent policy venues, which are featured here.

DOI:
https://doi.org/10.4324/9781003050803-13
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