Agricultural Growth Case Study

Register to read the introduction… A country with faster agricultural growth will require more agriculture input for supporting fast development (Avila & Evenson 2009). Based on this, the country which develops fastest will possibly import most agricultural tractors from the U.S. Thus, agricultural growth will be provided with a weighting of 4 due to its attribution agriculture tractors growth. As shown by Figure 4, most countries in Asia-Pacific region are enjoying favorable growth in agricultural sector. These countries include Australia, China, India, Malaysia, New Zealand and South Korea. Particularly, China is having the fastest agricultural growth among Asia-Pacific countries (Agricultural Growth 2011). In contrast, Japan has relatively slow growth due to its market maturation. Thus, Japan may import fewer agricultural tractors than China and other countries.

Figure 4 Agricultural Growths in Asia-Pacific Countries
|Country |Growth |Initial Score |Weighting |Score |
|Australia |120 |0.1246 |4 |0.4984 …show more content…
| Hong Kong |129 |0.0002 |3 |0.0006 |
| India |1255 |0.0019 |3 |0.0056 |
| Indonesia |8,136 |0.0120 |3 |0.0360 |
| Japan |147,274 |0.2174 |3 |0.6523 |
| Malaysia |26,111 |0.0385 |3 |0.1156 |
| New Zealand |115,684 |0.1708 |3 |0.5124 |
| South korea |--------- |0 |3 |0 |
| Taiwan |--------- |0 |3 |0 |
| Total |677,350 |1.0000 | |3.0000 …show more content…
Australia has large land for developing agricultural industry; in particular, there are 47,240,000 hectares of arable lands in total in Australia. Australia produces a series of agricultural products including wheat, sugar cane, rice, corn and tobacco. Based on this, Australian exportation of agricultural product takes up a large part of total exportation. Although agricultural output takes up relatively small percentages in GDP, the agriculture industry still plays an important role in the national economy of