Gambling on Hunger? The Right to Adequate Food and Commodity Derivatives Trading
Bibliographic Data
| ID | 16765055 |
|---|---|
| Authors | Anna Chadwick (0000-0001-6735-3685, University of Glasgow, corresponding author), Anna E Chadwick (Lord Kelvin Adam Smith Research Fellow, University of Glasgow) |
| Year | 2018 |
| Volume | 18 |
| Issue | 2 |
| Pages | 233-265 |
| Publication date | 2018-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Human Rights Law Review (JOURNAL) |
| Journal identifiers | ISSN: 1461-7781 • E-ISSN: 1744-1021 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/hrlr/ngy008 |
| OpenAlex | W2765575164 |
| Language | EN |
| Citations received | 1 |
| References cited | 3 |
Non-governmental organizations (NGOs) have claimed that financial speculators, by gambling on food prices via commodity derivative instruments, contributed to the global food crisis from 2007 to 2011. Commodity futures contracts began life as a form of agricultural insurance and were predominantly used to stabilize commodity prices. How did it then come about that these instruments were turned against agricultural production, leading to violations of the human right to adequate food? This article draws on the history of commodity futures trading to explore the claims of NGOs regarding the causal significance of speculation in the recent crisis. It finds that the financialization of futures markets in recent decades has created new channels of influence whereby activity in commodity derivatives markets can impact on underlying food prices. The implications for efforts to realize the human right to adequate food are elaborated in the final section.
Business · Commerce · Commodity · Economics · Law and economics · Political science · Agriculture, Land Use, Rural Development · Finance · Law
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |