Impacts of Globalization on Agricultural Competitiveness: The Case of NAFTA

Kennedy, P. Lynn; Rosson, C. Parr

doi:10.1017/s1074070800009032

Cited by 7 publications

(6 citation statements)

References 9 publications

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“…Welch and Lyford (2007, p. 66) cite Drescher and Maurer’s (1999) definition of competitiveness as the ability of firms and industries “[…] to protect and/or improve their position in relation to competitors which are active in the same market”. This definition is consistent with that of Sharples (1986) and Kennedy and Rosson (2002), who define competitiveness as the ability to achieve market share. The producer who attains a market share for its product is, by definition, competitive.…”

Section: Literature Reviewsupporting

confidence: 81%

Ascertaining the competitiveness of Thai exports to PRC

Suwannarat

2017

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Purpose This study aims to fundamentally focus on the comparative advantage measurement and the trend of change in the international competitiveness of five Thai economic products exporting to the People’s Republic of China during the first half of the 2010s via the analysis of the revealed comparative advantage (RCA) index and market share. Design/methodology/approach The RCA index has been computed to show the comparative advantages of the product to a certain extent: whether it is cost-effective to produce that product in a certain location compared to opportunity cost of the resources in producing that product. The data set of number and value of five important export products from Thailand to China during 2010-2013 has been obtained from the Thai Ministry of Commerce and Thai-Chinese Business Information Centre. Findings The study reveals that of these five important economic products, cassava has the highest comparative advantage and continues to have a rapid growth trend, whilst computer equipment and components have been shown to have comparative disadvantage and the lowest comparative advantage index scores. Research limitations/implications Measuring with various sophisticated indices may provide clearer results. Also, according to unavailability of data set, the four-year period may not be able to show the long-term trend of competitiveness. Future studies are encouraged to study in the longer-term period with numerous indices. Practical implications The research also provides policy implications and measures to develop each sector to enhance competitiveness. Originality/value This is the original attempt to use both indices to assess the competitiveness of important Thai exports to the Chinese market.

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Section: Literature Reviewsupporting

confidence: 81%

Ascertaining the competitiveness of Thai exports to PRC

Suwannarat

2017

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“…We rely on several indicators to assess the competitiveness of the dairy sector across countries, namely, the revealed comparative advantage indicator ( RCA ; Fertö and Hubbard, ), the production of products (Kennedy and Parr Rosson, ), market share (Kennedy and Parr Rosson, ), trade balance (Korinek and Melatos, ) and farm‐gate price (Fertö and Hubbard, ). The RCA is a measure of comparative advantage, an indicator which is often used to measure competitiveness in sectors highly dependent on factor endowments, such as the agricultural sector.…”

Section: Free Trade Agreements and The Dairy Sectormentioning

confidence: 99%

“…The RCA is a measure of comparative advantage, an indicator which is often used to measure competitiveness in sectors highly dependent on factor endowments, such as the agricultural sector. Comparative advantage is defined as the ‘relative opportunity cost differentials between countries’ (Kennedy and Parr Rosson, , p. 278). Even though the chosen indicators do not clearly capture how the underlying factors of firms are sources of competitiveness, they still allow for a comprehensive analysis of a given country's competitiveness in the dairy sector.…”

Section: Free Trade Agreements and The Dairy Sectormentioning

confidence: 99%

Trade Liberalisation: The Effects of Free Trade Agreements on the Competitiveness of the Dairy Sector

Couillard

Turkina

2014

World Economy

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In recent years, preferential trade agreements (PTAs), free trade agreements (FTAs) in particular, have proliferated while WTO negotiations have stagnated. This paper contributes to the literature on trade liberalisation and the agricultural sector by analysing the effects of FTAs on the competitiveness of the dairy sector across 76 countries and over a 20‐year period from 1990 to 2009. With a longitudinal econometric model, the results demonstrate that when a country has a revealed comparative advantage in the dairy sector, FTAs positively influence several indicators of competitiveness in the dairy sector, such as production, market share and trade balance. The results also indicate that multilateral FTAs are more beneficial than bilateral FTAs. There is strong empirical evidence that FTAs are more beneficial to developed countries than to developing countries. There is no statistical evidence to support the hypothesis about a relationship between FTAs and farm‐gate price.

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“…The trend towards freer trade has increased the clarity of world price signals and international markets. This has resulted in increasing the importance of the comparative advantage within the framework (Kennedy and Rosson, 2002). Likewise, Abbott and Thompson (1987) point out that "a properly formulated theory of agricultural comparative advantage should provide a framework for evaluation of self-sufficiency policies and the agriculture versus industry debate".…”

Section: Introductionmentioning

confidence: 99%

Sustainable Development as a Solution to Agricultural Competitiveness: The Case of Greece in the Era of European Integration

Papageorgiou¹

2012

JCEA

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The liberalization of international trade, due to the elimination of market barriers between countries within the context of economic unions, like the European Union (EU) and the expansion of globalization have caused increased competitiveness, at both geographical and sector level. European Commission documents state competitiveness as a continuous rise in the standards of living of a nation or region, a definition which combines competitiveness with sustainability and social goals. Although, one of the EU integration objectives is the sustainable rise in the standards of living of a nation, in the case of Greece this seems to be quite problematic. In a long term basis, the Common Agricultural Policy application found country's agriculture unprepared and weak to face the new market conditions. The Greek economic crisis can be considered as an opportunity to redefine country's entire development strategy. As far as the agricultural sector is concerned, this reestablishment could use the principles of sustainability, showing proper respect to the economical, social and environmental characteristics of the regions.

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Impacts of Globalization on Agricultural Competitiveness: The Case of NAFTA

Cited by 7 publications

References 9 publications

Ascertaining the competitiveness of Thai exports to PRC

Ascertaining the competitiveness of Thai exports to PRC

Trade Liberalisation: The Effects of Free Trade Agreements on the Competitiveness of the Dairy Sector

Sustainable Development as a Solution to Agricultural Competitiveness: The Case of Greece in the Era of European Integration

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