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The Opportunities of Made in Italy Food in Chinese Market

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  • Antonio De Pin

    () (Department of Economics, University Of Venice C� Foscari)

Abstract

Chinese food habits are currently experiencing rapid changes. The increased buying power of the consumers has led to the adoption of a new lifestyle which affects also their diet - both in quantity and quality. Consumption rates have grown particularly high for meat, dairy, fish, oil, pasta and confectionery products. This trend has caused a sudden boom in food imports, with China becoming the world�s largest market and an essential opportunity for Italian business. The present study aims to outline the market potentiality of the Italian agro-food sectors which enjoy higher competitiveness. We also focus on some issues concerning the positioning of such food products in Chinese market. Their success is likely to foment Italian sounding phenomena - unfair competition set out to evoke an Italian image, in the absence of proper requirements. Company strategies are heavily influenced by such imitation activity: not only food safety is at stake, but the very transparency of international trade. Markets end up rewarding opportunistic behaviors - due to high transaction costs and manifest information asymmetries - and might lead to specific kinds of market failure.

Suggested Citation

  • Antonio De Pin, 2013. "The Opportunities of Made in Italy Food in Chinese Market," Working Papers 2013: 15, Department of Economics, University of Venice "Ca' Foscari".
  • Handle: RePEc:ven:wpaper:2013:15
    as

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    File Function: First version, 2013
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    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1987. "The Causes and Consequences of the Dependence of Quality on Price," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 1-48, March.
    2. Kreps, David M. & Wilson, Robert, 1982. "Reputation and imperfect information," Journal of Economic Theory, Elsevier, vol. 27(2), pages 253-279, August.
    3. Milgrom, Paul & Roberts, John, 1982. "Predation, reputation, and entry deterrence," Journal of Economic Theory, Elsevier, vol. 27(2), pages 280-312, August.
    4. Carl Shapiro, 1983. "Premiums for High Quality Products as Returns to Reputations," The Quarterly Journal of Economics, Oxford University Press, vol. 98(4), pages 659-679.
    5. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
    6. Nadia Cuffaro, 2008. "Imperfect information, Effectiveness of Regulation and Trade: High quality Credence Goods and Developing Exporters," Working Papers 2008-01, Universita' di Cassino, Dipartimento di Scienze Economiche.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Agricultural trade; Chinese market; Made in Italy food; Italian Sounding;

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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