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Book Effects of Trade Liberalization on Agriculture in the Republic of Korea

Download or read book Effects of Trade Liberalization on Agriculture in the Republic of Korea written by Myŏng-hwan Sŏng and published by Regional Co-Ordination. This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Three Essays on Trade Liberalization and Korean Agriculture

Download or read book Three Essays on Trade Liberalization and Korean Agriculture written by Chun Kwon Yoo and published by . This book was released on 2011 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Uruguay Round Agreement on Agriculture (URAA) in 1994, global competition in Korean agricultural markets has significantly increased. The objective of this dissertation is to identify the effects of trade liberalization on productivity and pricing in the Korean rice market (Essay 1 and 2) and on the entire agricultural sector (Essay 3). Rice is the major agricultural commodity in Korean agriculture with Rice Processing Complexes (RPC), i.e. agricultural cooperatives, playing a major role in the rice processing industry. Essays 1 and 2 examine RPCs adjustment to the increasingly competitive market environment. The first essay draws on the emerging heterogeneous-firms trade model to test the hypothesis that trade liberalization forces least productivity firms to exit (extensive margin) and encourages reallocation of resources and market share to high productivity firms (intensive margin) within an industry. The above churning results in an increase in the average productivity of the industry. Results from using plant-level RPC data from 2002-2008 to test the above hypothesis show that international competition via increases in rice import (Minimum Market Access) has the largest effect on RPCs' productivity. In particular, greater competition shifts the left tail of the productivity distribution to the right, increasing the median productivity of the Korean rice processing industry. Thus, the above findings suggest that RPCs, often considered to be quasi-public firms shielded from competition, face significant adjustment following trade liberalization. Economic theory suggests that a key input, i.e. raw product that farmer-members deliver, is treated as given in marketing cooperatives' optimization, unlike in the case of profit maximizing firms. Thus, only if cooperatives minimize the cost of conventional inputs (labor and capital) cost and additionally, set the price of the raw product optimally, their production is efficient. Essay 2 examines RPCs' pricing efficiency, based on the above theory, by incorporating farmers' supply function of raw product (rice) into hypothesized RPCs' optimization framework. Results show that only large RPCs' pricing and thus, production is efficient. For small and medium RPCs, processing size, i.e. realizing economies of scale, is important for their efficiency. The latter finding suggests merger of neighboring small and medium RPCs to both expand supply of raw rice and lower processing costs. In fact, results show that post-merger RPCs have attained pricing efficiency similar to large RPCs. Since 2002, about 20 percent of Korean RPCs have merged adjusting to the competitive market and improving pricing efficiency and overall productivity. In the third essay, the effects of agricultural openness on aggregate agricultural productivity and farmers' welfare in Korea are examined. Results indicate that the openness significantly improves agricultural productivity, with a marked increase following URAA. However, in real terms, farm products' price and net farm business income have declined after trade liberalization. The findings show that agricultural trade liberalization has greatly benefitted Korean consumers, but the net impact on farmers' welfare from productivity growth, real price decline and transfer payments is less clear. The three essays show that Korean agriculture has been adjusting to the increasingly competitive environment in primary and processing sectors, contributing to overall gains for the Korean economy. Encouraging resource reallocation towards more competitive segments of Korean agriculture along with targeted transfer payments to revitalize losers from trade are needed to continue to realize and share gains from trade.

Book The Politics of Agricultural trade Liberalization Policy in Korea

Download or read book The Politics of Agricultural trade Liberalization Policy in Korea written by Song Min Kim and published by . This book was released on 1995 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Effects of Trade Liberalization on Agriculture in the Republic of Korea

Download or read book Effects of Trade Liberalization on Agriculture in the Republic of Korea written by Myŏng-hwan Sŏng and published by Cgprt Centre Regional Co-Ordinat Development of Coarse Grain. This book was released on 1999 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Effects of Trade Liberalization on Agriculture in Asia

Download or read book Effects of Trade Liberalization on Agriculture in Asia written by Michio Kanai and published by . This book was released on 2000 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Agricultural Trade Liberalization

Download or read book Agricultural Trade Liberalization written by Ian Goldin and published by Paris, France : Organisation for Economic Co-Operation and Development ; Washington, DC : World Bank. This book was released on 1990 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Based on an international symposium held in Paris from 5th to 6th October 1989 ... jointly organised by the World Bank and the OECD Development Centre ...".

Book Agricultural Trade Liberalization and Uneven Development

Download or read book Agricultural Trade Liberalization and Uneven Development written by Heesun Chung and published by . This book was released on 2000 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Agricultural Trade Policies in the New Millennium

Download or read book Agricultural Trade Policies in the New Millennium written by Andrew D O'Rourke and published by CRC Press. This book was released on 2002-10-15 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Face the challenge of change in the global agricultural trade market! This insightful book presents a comprehensive overview of the trade situation facing agriculture in the 21st century. This esteemed collection of the field?s foremost researchers evaluates anticipated changes to the agricultural trade market and the competitiveness of commodities and products resulting from existing and potential international policies. Agricultural Trade Policies in the New Millennium provides an in-depth understanding of multilateral trade negotiations (past, present, and future) and the impact of regionalism on agricultural trade. It also analyzes trade issues specific to individual commodities, such as rice, wheat, and cotton. Agricultural Trade Policies in the New Millennium consolidates essential trade research into a one-of-a-kind reference source for economists, academics, and agriculture professionals. The book provides a detailed overview of current and potential trade situations, divided into three concise sections: key issues influencing trade negotiations from the perspective of developed and developing countries and the environment; commodity trade and trade policy issues concerning competitiveness and the international policy environment for coarse grains, cotton, rice, sugar, and wheat; and general issues related to multilateral and regional trade agreements, including policy tools within the World Trade Organization, anti-dumping actions, regionalism, price volatility, and the macroeconomic effects of trade liberalization. Agricultural Trade Policies in the New Millennium examines: key issues influencing trade negotiations commodity trade and trade policy issues issues and concerns related to multilateral and regional trade negotiations challenges facing trade policy prospects for the agricultural sector in the new millennium With international policy issues like the WTO’s Millennium Round and the Free Trade Area of the Americas (FTAA) in negotiation and a new United States farm bill pending, Agricultural Trade Policies in the New Millennium provides much-needed textbook analysis by expert researchers. This vital book will keep you in touch with current trade negotiations and policy decisions that are certain to hold major implications for the agricultural sector.

Book The Rice Crisis

    Book Details:
  • Author : David Dawe
  • Publisher : Routledge
  • Release : 2012-07-26
  • ISBN : 1136530398
  • Pages : 394 pages

Download or read book The Rice Crisis written by David Dawe and published by Routledge. This book was released on 2012-07-26 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent escalation of world food prices – particularly for cereals - prompted mass public indignation and demonstrations in many countries, from the price of tortilla flour in Mexico to that of rice in the Philippines and pasta in Italy. The crisis has important implications for future government trade and food security policies, as countries re-evaluate their reliance on potentially more volatile world markets to augment domestic supplies of staple foods. This book examines how government policies caused and responded to soaring world prices in the particular case of rice, which is the world's most important source of calories for the poor. Comparable case studies of policy reactions in different countries, principally across Asia, but also including the USA, provide the understanding necessary to evaluate the impact of trade policy on the food security of poor farmers and consumers. They also provide important insights into the concerns of developing countries that are relevant for future international trade negotiations in key agricultural commodities. As a result, more appropriate policies can be put in place to ensure more stable food supplies in the future. Published with the Food and Agriculture (FAO) Organization of the United Nations

Book Economic Effects of a Korea U S  Free Trade Agreement

Download or read book Economic Effects of a Korea U S Free Trade Agreement written by Kōzō Kiyota and published by . This book was released on 2007 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Agricultural Trade Policy and Food Security in the Caribbean

Download or read book Agricultural Trade Policy and Food Security in the Caribbean written by Deep Ford and published by Food & Agriculture Org.. This book was released on 2007 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural trade is a major factor determining food security in Caribbean countries. In these small open economies, exports are essential, whilst imports provide a large part of the food supply. This book examines various dimensions of trade policy and related issues and suggests policies to address trade and food security and rural development linkages. It is as a guide and reference documents for agricultural trade policy analysts, trade negotiators, policy-makers and planners in both the public and private sectors.

Book Why Does the Philippines Import Rice

Download or read book Why Does the Philippines Import Rice written by David Charles Dawe and published by Int. Rice Res. Inst.. This book was released on 2006 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some little-know facts about rice in the Philippines; Rice trade liberalization, poverty, and food security; Improving productivity in the rice sector: solutions for farmers; Potential for crop diversification.

Book Effects of Trade Liberalization on Agriculture in Pakistan

Download or read book Effects of Trade Liberalization on Agriculture in Pakistan written by M. Ramzan Akhtar and published by Cgprt Centre Regional Co-Ordinat Development of Coarse Grain. This book was released on 1999 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Handbook on Rice Policy for Asia

Download or read book Handbook on Rice Policy for Asia written by and published by Int. Rice Res. Inst.. This book was released on 2012 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: