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Saudi Journal of Economics and Finance (SJEF)
Volume-8 | Issue-10 | 364-370
Review Article
The Policy Factors in the Decline of U. S. Agricultural Imports in the MENA Region
Ishaan Busireddy
Published : Oct. 20, 2024
DOI : DOI: https://doi.org/10.36348/sjef.2024.v08i10.004
Abstract
The Middle East and North Africa (MENA) region stands on a global pivot point, impacting the world through its diverse political and economic dynamics. While often recognized for its complex challenges, the region's food security remains surprisingly under-considered, even though it carries significant global repercussions. This research focuses on a concerning trend: the decline of U.S. agricultural exports to MENA, potentially jeopardizing regional stability and impacting global food systems. While EU competitiveness is acknowledged, this research delves deeper than mere identification of competitors such as the EU, dissecting the interplay of their advantages – superior pricing and yields – against the U.S. approach from a policy-perspective. The paper’s ultimate goal is to highlight how the US has suffered from out-competition from the EU, not simply MENA countries’ diversification, leading to the latter’s collapse as a source of staple crop importations, in order to prevent such drastic changes in the future as the same trend in other industries could provide much more devastating for the US. This analysis can impact US policy and inspire a shift towards more sensible and outcome-oriented spending policies.
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