10 Pages Posted: 15 May 2011
Date Written: May 13, 2011
Paper presents diverse modes of governance of chemical and biological risks in agri-food sector, assesses their efficiency, complementarities, and challenges, and suggests recommendations for public policies improvement. It defines governance as system of social order responsible for particular behavior of agents; specify various (institutions, market, private, public) mechanisms of risk governance and (natural, technological, behavioral etc.) factors of efficiency; and suggest a framework for analysis and improvement of risk governance. New opportunities for risks governance relate to: modernization of technologies and institutional environment; specialization, concentration, and integration; “willingness to pay” and consumers and media involvement; national and transnational cooperation. Risk management challenges are associated with: new threats and risks; separation of risk-creation from risk-taking; vulnerability of mass production, distribution and consumption; high adaptation and compliance costs; unequal norms, implementing capability, policies and private strategies; public failures; and informal sector. Policies improvement is to incorporate governance issues taking into account type of threats and risks, specific factors, and comparative benefits and cost (including third-party, transacting, time); employ more hybrid modes introducing and enforcing new rights, and supporting private and collective initiatives; give greater support to multidisciplinary and interdisciplinary research on factors, modes, and impacts of risk-governance.
Keywords: risk management, market, private, public governance, agri-food chain
JEL Classification: Q12, Q13, Q17, Q18, O13, O17, L11, L14, L22, L23, D23, D81
Suggested Citation: Suggested Citation