COMPARATIVE ADVANTAGE ANALYSIS OF CHINA'S AGRICULTURAL PRODUCTS EXPORT

2017 ◽  
Author(s):  
Olha Novikova ◽  
◽  
Xiaoran Li ◽  
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Comparative Advantage ◽  
Global Economy ◽  
Agricultural Development ◽  
Chinese Economy ◽  
Agricultural Products ◽  
Added Value ◽  
Agricultural Industry ◽  
Export Competitiveness

With the progress of science and technology, the global economy has gradually shown a trend of integration. Through the last 50 years China has maintained a relatively rapid economic development rate. It is actively participating in the global economic and trade exchange and occupies a pivotal position. In all countries, foreign trade is indispensable in their economies. China also has a long history of agricultural development. The national Chinese economy has moved from the capital intensive and heavy industry-oriented development strategy towards labor-intensive products and was guided by the comparative advantage development strategy. This transformation enabled China to better use of their comparative advantage, and greatly stimulated during the past 30 years of trade and economic growth which helped to achieve remarkable economic development. Main purpose of the article is to reconsider the position and perspectives of China in the global trade of agricultural products, specify industries with the strongest revealed comparative advantage for different agriproducts, outline major strategies for agricultural exportation growth. However, from the perspective of the generation mechanism of the comparative advantage trap, it is still of great significance for China to export labor-intensive products utilizing their comparative advantage. Therefore, on the one hand, China should continue to strengthen the existing comparative advantage; on the other hand, there is a necessity to speed up the introduction of new comparative advantage, so as to relocate the country’s potential quickly from comparative advantage to competitive advantage. The results show that the overall export competitiveness of China's agricultural products is relatively weak and still needs to be further improved. China should adopt measures such as adjusting the structure of the agricultural industry, increasing the added value of agricultural products, enhancing brand effects, and actively developing emerging markets to further enhance the export competitiveness of China’s agricultural products.

Book Reviews

2013 ◽  
Vol 51 (2) ◽  
pp. 564-570
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Comparative Advantage ◽  
English Language ◽  
Vice President ◽  
Chinese Economy ◽  
Socialist Revolution ◽  
State University ◽  
Financial Reforms ◽  
Factor Endowments

Belton M. Fleisher of Ohio State University, Central University of Finance and Economics, and IZA reviews, “Demystifying the Chinese Economy “ by Justin Yifu Lin. The Econlit abstract of this book begins: “Originally published in Chinese in 2009. Updated English-language edition explores China's economic development and transition over the past few centuries and considers the reforms necessary for China to complete the transition to a well-functioning market economy. Discusses opportunities and challenges in China's economic development; why the Scientific and Industrial Revolutions bypassed China; the great humiliation and the Socialist Revolution; the comparative advantage-defying, catching-up strategy and the traditional economic system; enterprise viability and factor endowments; the comparative-advantage-following development strategy; rural reform and the three rural issues; urban reform and the remaining issues; reforming the state-owned enterprises; the financial reforms; deflationary expansion and building a new socialist countryside; improving the market system and promoting fairness and efficiency for harmonious development; and reflections on neoclassical theories. Lin is Senior Vice President and Chief Economist of the World Bank.”

scholarly journals PENGEMBANGAN AGRIBISNIS DALAM RANGKA PEMBANGUNAN EKONOMI LOKAL DI KABUPATEN KAPUAS, KALIMANTAN TENGAH

2009 ◽  
Vol 1 (1) ◽  
Author(s):  
Yusman Syaukat
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Agricultural Development ◽  
Local Economic Development ◽  
Raw Materials ◽  
Local Economy ◽  
Added Value ◽  
The People ◽  
Job Opportunity ◽  
Livestock Products

Agribusiness and local economic development have a close connection. Agricultural development through agribusiness approach has proven to improve local economic development in many countries: increase added value and income of farmers, and create job opportunities for the people. Main commodities grown in Kapuas District, Province of Central Kalimantan are rice, rubber, and fish and livestock products. However, those commodities have not yet developed according to agribusiness principals, since most of them are sold as raw materials, thus the region losses its economic potential from processing those products. The objective of this paper is to explore agribusiness development strategy in Kapuas Regency to be able to contribute to local economic development. To meet this objective, agribusiness in Kapuas Regency should be based on local condition and resources, by considering local agro-ecosystem, social principal (fairness, democracy), economic principal (market oriented, competitiveness, added value, and job opportunity), and supported by sufficient local government policy through institutional, technology and capital development.Keyword: agribusiness, local economy development, competitiveness, added value, Kapuas regency.

Ideology and Politics in Economic Planning: The Problem of Indian Agricultural Development Strategy

1967 ◽  
Vol 19 (4) ◽  
pp. 621-645 ◽  
Author(s):  
Francine R. Frankel
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Agricultural Development ◽  
Development Planning ◽  
Economic Planning ◽  
Economic Development Strategy ◽  
Final Draft ◽  
Policies And Programs ◽  
First Time

For the first time since independence, economic planners in India are experiencing a serious crisis of confidence. Although there has always been some debate on alternative policies and programs, the central assumptions of development planning have remained unchallenged since the 1930's. Now, in contrast, the very core of economic development strategy has become the target of open and bitter criticism. The final draft of the Fourth Five Year Plan has been delayed for more than a year, and the end of fundamental disagreements seems nowhere in sight.

scholarly journals A Strategy of Economic and Industrial Development of Russia in the Worldwide Instability Environment

2019 ◽  
Vol 12 (1) ◽  
pp. 76-85
Author(s):  
I. S. Tsypin ◽  
S. I. Tsypina
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Global Economy ◽  
Industrial Development ◽  
Large Scale ◽  
International Investment ◽  
The State ◽  
Economic Strategy ◽  
Balanced Development ◽  
The Government

The subject of the researchis the development of the Russian economy through enhancing its management efficiency.The relevanceof the problem is caused by the need to overcome the slow economic development before 2024–2030 as well as by fundamental changes in the global economy associated with the collapse of the globalization policy and the transition to the state protectionism, which requires changing the approach to the domestic economy management. Other important factors are a variety of economic development strategies available and the need to choose and justify an optimum strategy for the development of Russia.The purpose of the researchwas the development of a sound economic strategy and guidelines for its implementation with account for aggregate influencing factors. A comprehensive strategy for the development of the national economy is proposed based on the optimal combination of defense-industrial, resource, stabilization and innovation strategies while taking into account the specifics of Russia. To evaluate the condition and prospects of the Russian economic development, two groups of factors have been identified: external economic and internal economic. With account for their impact, the guidelines for the integrated economic strategy implementation are proposed. As a result of the research findings,it is concludedthat to achieve the goals set it is reasonable to ensure the balanced development of foreign economic relations based on joint large-scale international investment projects; increase the manufacturing and exports of hightech and deep processing products; ensure intensive growth of labor productivity and product quality based on industry modernization. The research was based on studying and analyzing information from domestic and foreign sources, Presidential decrees, resolutions and decisions of the State Duma and the Government, materials of the Russian Statistical Service (Rosstat) and relevant periodicals. In the course of the research, methods of analysis and synthesis, selection of the main link and classification were used. The results of the research can be helpful in the implementation of the economic development strategy and for management of structural transformations.

scholarly journals Technology, Trade Liberalization, Provisional Advantage and Potentiality of Indian Handloom Sector: A Research during Reform Period

2019 ◽  
Vol 8 (2S8) ◽  
pp. 1495-1501
Keyword(s):  
Comparative Advantage ◽  
Global Economy ◽  
Export Performance ◽  
Optimum Level ◽  
Revealed Comparative Advantage ◽  
Data Set ◽  
Export Competitiveness ◽  
Almost All ◽  
National Trade

Traditionally Handloom sector was the backbone of Indian industry and the essence of Indian civilization and culture. After the evaluation of industrialization the handloom industry is facing stiff competition with power loom and consistently upgrading technology and other industries, nevertheless, the handloom industry has the significant contribution in the India’s international as well as intra-national trade. With this background, the present paper will examine the comparative advantage of Indian handloom industry with respect to global economy by applying the Ballasa (1965) index of Revealed Comparative Advantage (RCA) and also examine the export competitiveness by using Porter Export competitiveness model, using highly disaggregated data from 2004 - 2013 by using WITS (World Integrated Trade Solution) WTO data set and the export performance of Indian handloom products during 2013-18 from the handloom export promotion council data set. Under the International classification of commodities at six-digit level, there are 21 groups are classified as the handloom products. This paper has calculated and analyzed the Revealed Comparative Advantage (RCA) of all handloom commodities at disaggregate level. Result shows that India has high revealed comparative advantage in almost all the handloom products, it’s in total 22 hand product India has high comparative advantage in 15 products and having a slight disadvantage in only 6 handloom products in studied and analyzed period of subsequent year 2004-2013. However, the export competitiveness indices show also the export advantage edge in handloom products. It shows that there is high potentiality of growth in handloom industry but lagging under capacity it lies behind it. This paper suggests government initiatives for the realization of handloom sector at its optimum level.

scholarly journals Pengaruh Perubahan Ekonomi Global Terhadap Perkembangan Hukum Di Indonesia

2021 ◽  
Vol 14 (1) ◽  
pp. 18
Author(s):  
Yunica Kusuma Dewi
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Global Economy ◽  
World Economy ◽  
Social Engineering ◽  
Economic Changes ◽  
The People ◽  
Standards Of Conduct ◽  
The Law ◽  
Asean Countries

Various problems regarding the improvement of the Indonesian economy have arisen due to changes in the global economy. Economists recommend that economic cooperation with the international community be increased, especially with ASEAN countries. This is important to harmonize the development of the world economy with the economic development of ASEAN countries full of competition. There are also those who argue that Indonesia's economic development so far has not favored the people's economy, and it is also necessary to create a development strategy by involving the people more in various economic and trade fields. Conceptually, this article aims to find out: changes in the global economy in Indonesia, and the effect of global economic changes on legal developments in Indonesia. Using Lawrence M. Friedman's theory which states that the law is not autonomous, but on the contrary, the law is open at all times to outside influences, this research produces findings, with changes in the global economy, the law in Indonesia has changed functions, including 1) standards of conduct, 2) as a tool of social engineering, 3) as a tool of justification, 4) as a tool of control, 5) rechtszekerheid

scholarly journals Determinants of Export Competitiveness of Agricultural Products in Malaysia

2021 ◽  
Vol 22 (2) ◽  
pp. 618-636
Author(s):  
Siew-Ling Liew ◽  
Mohammad Affendy Arip ◽  
Chin-Hong Puah
Keyword(s):  
Comparative Advantage ◽  
Capital Formation ◽  
Agricultural Products ◽  
Gdp Per Capita ◽  
Agricultural Commodities ◽  
Cointegration Tests ◽  
Labour Participation ◽  
Export Competitiveness ◽  
Per Capita ◽  
The Government

This study intends to evaluate the export competitiveness of agricultural products using the data of 186 agricultural commodities in Malaysia for the period ranging from 1988 to 2014. Besides, this study engages in the total export of the world with Standard International Trade Classification Revision Three-SITC Revision 3 (5-digits code) to analyse the index of comparative advantage of agricultural commodities in Malaysia. In addition, the study employs Balassa (1965) index of Revealed Comparative Advantage (RCA) to measure competitiveness. The findings show that 56 commodities have comparative advantage. Apart from that, this study also empirically examines the determinants of competitiveness which are commodities price, GDP per capita, labour participation and capital formation. The results of cointegration tests estimation indicates that there is a long-run relationship between the variables under study. The outcomes denote that price of commodities, GDP per capita and crises in 2008 have negative association while labour participation and capital formation are positively relatedly to competitiveness. The results also specify that there is a short-run dynamic impact on competitiveness with the variables. This study suggests that the government should consider intensifying the current economic policy through focusing on downstream products by taking the benefit of its comparative advantage in upstream industries to increase competitiveness.

scholarly journals The VWRCA Index: Measuring a Country’s Comparative Advantage and Specialization in Services. The Case of Poland

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 48
Author(s):  
Roman Wosiek ◽  
Anna Visvizi
Keyword(s):  
Comparative Advantage ◽  
Global Economy ◽  
Added Value ◽  
Revealed Comparative Advantage ◽  
Temporal Dimension ◽  
Actual Performance ◽  
Services Sector ◽  
The One ◽  
Insight Into

In the extant body of literature on the servitization of the economy, on the one hand, and determinants of growth and development, on the other, the classic question of revealed comparative advantage (RCA) plays a prominent role. Regardless of the popularity, relevance, and validity of the use of the RCA as a part of multivariate queries on the above topics, this paper argues that the RCA alone offers a rather static insight into a country’s economic performance. Most importantly, the classic take on the RCA does not allow us to query a country’s comparative advantage and degree of specialization in the services sector. By inserting itself in the broader discussion on ways of bypassing the limitations inherent in the classic RCA index, this paper proposes a novel take on the RCA index, i.e., the Visvizi–Wosiek RCA (VWRCA) index, and, subsequently, applies it to the study of the evolution of the services sector in Poland over the period 2010–2019. The added value of the VWRCA index is threefold. (i) By recognizing the increasing role of services in the global economy, it serves as a useful tool in queries aimed at examining the structure of a given economy, the degree of specialization in the production of certain services, and the real revealed comparative advantage a country has in the production of a certain group/category of services. (ii) By focusing solely on services, the VWRCA index allows us to examine the volume and velocity of trade in services independently from the volume of trade in goods. (iii) Due to the resulting methodological accuracy, it enables the inclusion of a temporal dimension in the analysis, which in turn gives cues as to specific developments and the actual performance of a given economy regarding the evolution of the services sector.

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