The Work We Do – Ep 3. Trade Economics and Policy Tradeoffs. David Laborde

In this episode, we sit down with David Laborde, Director of the Agrifood Economics and Policy Division at the Food and Agriculture Organization of the United Nations.  David shares his journey as a trade economist and how it has shaped his approach to today's agrifood systems. We discuss the role of trade in food security and the true cost of the food we consume.  We also dive into the art of policymaking in complex systems, from balancing competing priorities to managing unintended consequences to navigate difficult tradeoffs.  0:57 How Does a Trade Economist End Up at FAO?  6:14 How Does Trade Affect Food Security and Nutrition?  8:45 Is Local Food Actually Better?  11:57 Does Trade Make You Vulnerable?  17:53 Does Trade Keep Peace?  24:28 Are We Giving Away Our Resources?  33:14 What Is the True Cost of Food?  36:43 Can Subsidies Fix Agrifood Systems?  44:43 On Navigating Complex Tradeoffs  50:13 Towards a Global Social Contract 

Middle East is increasing risks for global energy, fertilizer, and agrifood systems. Disruptions in the Strait of Hormuz, one of the world's most critical chokepoints for oil, gas, and fertilizer shipments, are already pushing up energy and agricultural input costs worldwide. Because energy and fertilizer markets are closely linked to food production, these shocks can quickly spread through global agrifood systems. At the same time, possible shifts toward biofuel production could further increase food price volatility. Import-dependent countries, particularly in Africa and Asia, are especially exposed to these risks.  In the short term, measures such as diversifying trade routes, strengthening market monitoring, supporting farmers, and providing targeted assistance to vulnerable countries can help stabilize supply chains.  Diplomatic efforts to ensure the safe reopening of the Strait of Hormuz also remain critical for protecting global energy markets and food security.  Timestamps: 00:34 Impacts of the conflict so far 03:48 Regional impacts 08:01 How long can the system absorb the shock? 13:19 Economic modelling scenarios 18:03 How this conflict differs from Ukraine 22:52 Policy recommendations  Follow FAO on social media!  * Facebook - https://www.facebook.com/UNFAO  * Instagram - https://instagram.com/fao * LinkedIn - https://www.linkedin.com/company/fao  * TikTok - https://www.tiktok.com/@fao * Twitter - http://www.twitter.com/fao/ * Weibo - https://www.weibo.com/unfao © FAO: http://www.fao.org  #SDGs #Agenda2030 #GlobalGoals

In this episode of The Work We Do, we speak with Lauren Phillips, Director of Partnerships and UN Collaboration at the Food and Agriculture Organization of the United Nations, about why women and youth are central to the transformation of agrifood systems. The conversation draws on FAO's flagship reports to examine women's roles across agrifood systems, persistent gaps in access to land, finance, and opportunities, and why progress remains uneven despite decades of policy reform. We discuss the International Year of the Woman Farmer, youth participation in policymaking and the global challenge of youth unemployment, including why young women are disproportionately affected. The episode also explores the financing gap in agrifood systems and the economic case for investing in women and youth as drivers of inclusive growth, resilience, and food security. Key reports discussed in this episode: -              The Status of Women in Agrifood Systems (2023) https://www.fao.org/documents/card/en/c/cc5343en/ -              The Status of Youth in Agrifood Systems (2025) https://www.fao.org/3/cd5619en/online/cd5619en.html -              The Unjust Climate (2024) https://openknowledge.fao.org/handle/20.500.14283/cc9680en -              Financing Food for a Better Future (2025) https://openknowledge.fao.org/items/e279d507-3ac2-4f0b-a775-9937d97976b8

In this first episode of The Work We Do, we speak with Máximo Torero, Chief Economist of the Food and Agriculture Organization of the United Nations (FAO). Máximo served as the Director of Markets, Trade and Institutions Division at IFPRI and later as an Executive Director for the World Bank representing several South American countries. The conversation explores how agrifood systems, global markets, financing, and macroeconomic stability are deeply interconnected, and why food security is not only a humanitarian concern but a central pillar of economic and political resilience, promoting national security. Máximo explains how countries can better protect themselves against food crises through smarter investment, early action, and risk-informed policies, and why prevention is far more effective than crisis response. The episode also unpacks the links between hunger, migration, and conflict, and the role international institutions play in stabilizing agrifood systems and reducing systemic risk in an increasingly volatile global environment. Máximo also offers a glimpse into how his upbringing in Peru and his early years as a researcher have shaped his career and worldview.    Follow FAO on social media!  Facebook -   / unfao   Instagram -   / fao   LinkedIn -   / fao   TikTok -   / fao   Twitter -   / fao   Weibo - https://www.weibo.com/unfao © FAO: http://www.fao.org #SDGs #Agenda2030 #GlobalGoals

Was ist Essen? Essen ist Leben. Essen ist Erinnerung, Wurzeln, Land und das Wissen unserer Vorfahren. Essen ist ein Recht, kein Privileg. Am diesjährigen Welternährungstag, dem 16. Oktober, lasst uns alle gemeinsam Hand in Hand gehen, um zu ehren, zu kultivieren und eine bessere Zukunft zu ernten – damit niemand zurückgelassen wird. Besuchen Sie www.fao.org, um mehr zu erfahren. ©FAO

خواړه ژوند دی، خواړه یادونه دي، ریښې، ځمکه، او زموږ د نیکونو پوهه ده. خواړه یو حق دی، نه امتیاز. د اکتوبر پر ۱۶مه، د خوړو په دې نړیواله ورځ راځئ چې لاسونه سره ورکړو، وویاړو، کرنه وکړو، او د ښه راتلونکې حاصل تر لاسه کړو تر څو هیڅوک شاته پاتې نه شي. نور معلومات له www.fao.org څخه تر لاسه کړی. ©د خوړو او کرنې سازمان

غذا چیست؟ غذا یعنی زندگی، یعنی خاطره، ریشه، سرزمین و دانش نیاکان ما. غذا یک حق است، نه یک امتیاز. هشتاد سال پیش، جهان وعده داد که برویاند، به اشتراک بگذارد، جوامع را سیر کند و زندگی بهتری بسازد. امسال، در روز جهانی غذا، ۱۶ اکتبر، بیایید همه باهم دست به دست قدم برداریم. افتخار کنیم، بکاریم، آینده بهتری را برداشت کنیم، تا هیچ‌کسی را پشت سر نگذاریم. برای کسب اطلاعات بیشتر به ویب‌سایت [www.fao.org](http://www.fao.org) مراجعه کنید.

Gıda nedir? Gıda hayattır, hafızadır, köklerdir, topraktır ve atalarımızın bilgeliğidir. Gıda bir haktır, ayrıcalık değildir. Seksen yıl önce dünya bir söz verdi: büyütmeye, paylaşmaya, toplumları beslemeye ve daha iyi yaşamaya. 16 Ekim'de, bu Dünya Gıda Günü'nde, haydi birlikte el ele yürüyelim. Daha fazlası için www.fao.org'u ziyaret et. ©FAO        

La alimentación es vida, es memoria, raíces, tierra, y el saber de nuestros ancestros. La alimentación es un derecho, no un privilegio. Hace ochenta años, el mundo prometió cultivar, compartir, alimentar a las personas y lograr una vida mejor gracias a la alimentación. Este 16 de octubre, Día Mundial de la Alimentación, caminemos todos juntos mano de la mano. Para no dejar a nadie atrás. Visita www.fao.org para conocer más. © FAO

Apa itu pangan? Pangan adalah kehidupan, kenangan, akar, lahan, dan pengetahuan leluhur kita; pangan merupakan hak, bukan hak istimewa. Delapan puluh tahun yang lalu dunia berjanji untuk menumbuhkan, membagikan, memberi makan komunitas, dan hidup lebih baik. Di Hari Pangan Sedunia, 16 Oktober, mari semua bergandengan tangan: menghormati, menumbuhkan, dan memanen masa depan yang lebih baik tanpa meninggalkan seorang pun. Kunjungi www.fao.org untuk informasi lebih lanjut. ©FAO