The "New Economy" And Efficiency In Food Market System: A Complement Or A Battleground Between Economic Classes?
AbstractRapid developments in E-commerce can bring efficiency in the food market system by cutting transaction costs. However, it can also bring a battleground between developed and developing countries and also within developed countries because the New Economy emphasizes knowledge-based labor practices and low-skilled workers of trading nations compete for a shrinking need for their services. An Input-Output model is used to examine the effects on high-skilled and low-skilled worker demand, particularly in food and agriculture. The food and agricultural industries are significant employers of low-skilled labor. Food and agricultural trade has reduced low-skilled labor demand in the United States.
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Bibliographic InfoPaper provided by International Association of Agricultural Economists in its series 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa with number 25918.
Date of creation: 2003
Date of revision:
Food and Agricultural Trade; Demand for High-skilled and low-skilled Labor; Input-Output Analysis; Marketing;
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