Abstract Global agricultural trade, production, and harvested area have steadily increased between 1961 and 2021. In this paper, we construct, decompose, and compare various measures of global physical crop yield that rely on countries’ crop area, production, and trade weights that vary over time. We document how the composition of exports and imports irrespective of the particular drivers of globalization is skewed towards higher crop yields compared to the changing international patterns of countries’ production as evidenced by the distribution of harvested area and production. We also document how the physical yield of exporting countries has consistently surpassed that of importing countries, indicating as well how a globalized world in which countries can trade and alter the pattern of crop production offers a way to ensure that worldwide higher-yield crops are being consumed. As such, the increasingly globalized agricultural sector with its many drivers of trade substitutes for and/or complements efforts to close the yield gap by upgrading countries crop production methods. For the exercise, we use national-scale data for 60 years from the Food and Agricultural Organization of the United Nations.
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Emerging research themes in global value chains --- Global Value Chains, International Trade, and Markets: The Role of Emerging Economies
Global supply chains are continually evolving and transforming the way emerging world economies do business with their developed counterparts. Developing nations are joining forces with developed nations through these rapidly transforming global value chains (GVCs) without investing in building their own; thus saving time, money and gaining access to technological innovations. Today, developing countries are exerting greater influence globally, economically and politically, given the power of GVCs. Through international organizations, such as the World Bank, the World Trade Organization, the International Labor Organization, and the US Agency for International Development, GVCs lead the way for shaping international trade, governance, production, employment, growth, development and competitiveness. Global economy is entering a “major inflection point,” whereby GVCs are becoming increasingly predominant in both emerging and industrialized countries, and emerging economies have become a major engine of growth for global businesses and international trade.
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- Award ID(s):
- 1912070
- PAR ID:
- 10230751
- Date Published:
- Journal Name:
- International journal of emerging markets
- Volume:
- 15
- Issue:
- 1
- ISSN:
- 1746-8809
- Page Range / eLocation ID:
- 1-3
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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