Agricultural economics

Malthusian Constraints versus Market Incentives in Europe Developments and its constraints in any given population largely depend on a number of factors. These factors include population growth, availability of technology, economic activities, and political atmosphere, among others. Most of these factors are what contributed to the Industrial Revolution in Europe and lead to improvement in the living standards of the Europeans. There are two important theories that explain the constraints in…

enable advanced economies to gain control over the smaller and developing economies. Besides, critics argue that multilateral agreements are more effective for encouraging trade liberalization than FTA’s. Moreover, the agreements could result in economic instability (Grimson, 2014). Chapter 1 outlined the fact that even though Botswana, Lesotho, Namibia, and Swaziland are third parties in the Trade, Development, and Cooperation Agreement, those countries have become…

I belong to 3 generations agricultural family. It began with my grandfather who grew up in the rural dryland of Thailand. Lahan Sai as they called it, literally mean the city of sand. A son of poor Chinese immigrant, he was the first in the family to go to college to study architecture and civil engineering. More than anyone around him, he understands the value of infrastructure, particularly water distribution system, and the life changing opportunities they provide to farmer. As he rises…

first industry The Great Leap Forward began in agriculture. In 1957, the central committee of the Chinese Communist Party passed the development plan of agriculture from 1956 to 1967. The construction of the water conservancy project, increase in agricultural yields, transformation of landscapes, collectivization, and elimination of four pests were advocated. Numerous dams, water drainage systems, and canals were built. Unfortunately, the majority of them were constructed on the basis of…

The subsequent effects of trade liberalization on efficiency and growth, is a heated debated among modern day economics (stiglitz). Over the years, Trade agreements and trade liberalization has built a reputation of being a contentious debate among Economists. From the impact of trade liberalization on the environment and the subsequential disguise of protectionism as environmental protection (Harold). growing inequities and the disparity in agro production, limitation in the access of markets…

patterns. The nation of China has been heavily influenced by their location, regional environment, trading patterns, and sociopolitical movements. Within the past few decades, China’s economy has rapidly evolved away from its dependency on exporting agricultural products to one that provides the global economy with manufactured goods; altogether,…

Adam Smith’s Theory of Economic Development According to Hunt (2002), Smith’s introduction of his theory revolves around the fact that the manner in which humans produce and redistribute the material necessities of life determines the personal and class relationship within society. While there are several concepts that explain the progression of this theory, our attention is directed mainly to three aspects: the four stages of economic development, the division of labor, and the establishment…

The phrase history repeats itself can be seen as true when comparing at the economic and political issues of the 1920s and 1990s. Both of the time periods were periods of strong economic growth followed by a severe economic downturn. By looking at various issues it can be argued that the periods were very similar to each other. The economies and cultures of the 1920s and 1990s are parallel to one another. Strong growth, rapid innovation, and a booming stock market were seen during both the…

Economic anthropology In the past, anthropologists have studied a variety of economic systems. Subsistence economies are some of the simplest forms of economic systems and can be divided into groups such as food foragers, horticulturalists, pastoralists and agriculturalist. The context of this essay will compare and contrast food foragers and horticulturalists. Economic anthropology is the study of the social and cultural basis of economic behaviour(Wolf, 1997). It is also the study that looks…

create employment, and contribute to food production. Cuba’s agricultural sector has been characterized by a high level of specialization in sugarcane production for export purposes. This heavy focus on sugarcane production had resulted in a severe lack of domestic food diversity and production, thus leading to a strong dependence on food imports. Together, these circumstances led to Cuba being extremely vulnerable to food security and economic crisis. Throughout most of the 20th century, Cuban…