internationaltradeinagriculturalproducts.pptVIP

International Trade in Agricultural Products Professor WEI Longbao SoM· Zhejiang University Course Outline Lecture 1 Introduction to Agricultural Trade Lecture 2 Review of Classic International Trade Theory Lecture 3 Trade Policies of Importing Countries Lecture 4 Trade Policies of Exporting Countries Lecture 5 Technical Barrier to Trade Lecture 6 Multilateral Trade Negotiations: GATT and WTO Lecture 7 Preferential Trade Agreements Lecture 8 Macroeconomic Policy and Agricultural Trade Lecture 9 Trade and Environment Lecture 10 FDI and Processed Food Trade Lecture 11 Competitiveness in Global Food Economy Lecture 12 International Marketing for Agricultural Products Lecture 11 Competitiveness in Global Food Economy Course Outline 1. Introduction 2. The Roots of Competitiveness 3. Porter’s Competitiveness Diamond 3.1 Competitiveness Diamond 3.2 Factor Conditions 3.3 Demand Conditions 3.4 Related and Supporting Industries 3.5 Firm Strategy, Structure and Rivalry 3.6 The Diamond as a System 3.7 Implications for Governments 4. Competitiveness Analysis in Food and Agriculture 1. Introduction Classic trade theory spent much time on what impact trade has on resource returns (particularly wages and returns on capital) and terms of trade. But if failed to explain why some nations become the home base for very successful industries and others do not. In this lecture will take a business-school approach to investigate what really determined the industrial success. The approach is primarily based on Michael Porter’s theory of competitiveness, along with agricultural economists’ effort in applying this theory in agricultural markets. 2. The Roots of Competitiveness The theory of gains from trade would imply that most trade would be between countries with significant differences in factor prices. However, the reality is that most trade is among more developed countries that have similar endowments, as we already seen in