This study fundamentally seeks for an answer to questions as why world prices of food commodities began to soar and why small producers in the South did not benefit from these increases. Therefore, in the first section of the study, under agricultural division of labor, attempting to explain constant increases experienced in food prices by fluctuations in supply and demand conditions will be dwelt upon. On the other hand, food regime approach, enables monitoring of spatial and temporal change of agricultural division of labor. Looking at that way, change in food relations underlying fluctuations in supply and demand of agrifood is revealed. In this respect, first of all, the concept of food regime will be put forward in the second section of study and previous food regimes will be covered with respect to transformations that they brought about in international division of labor. Afterwards, all elements of the third global food regime that can be denominated as Corporate and Financialized Food Regime and has been prevailing since 1995 will be assessed in depth.
Global food crises, Food regime, International division of labor, Multinational corporations, Food sovereignty. JEL Classification: F02, Q17, Q18