Food and food markets still enjoy a pivotal role in the world economy and the international food industry is moving towards greater consolidation and globalization, with increased vertical integration and changes to market structure. Companies grow bigger in order to obtain economies of scale and issues and such as food security, quality, obesity and health are ever important factors. This book describes the link between food markets and food companies from a theoretical and a business economics perspective. The relationships, trends and impacts on the international food market are presented, and the topic is related to actual business conditions. Each chapter is accompanied by questions and assignments designed to help students in their learning. .
The European Union of presently 27 member states has a large variety within its own boundaries. Still there are common policies for agriculture, food and rural areas, although with many differences in relation to specific conditions in member states. Due to policy reforms, starting with the Mac Sharry reform in 1992, the European Union is on a long-term path to a freer and open market with a lot of attention for food quality and the development of rural areas. For agriculture the `traditional¿ market and price policy is largely replaced by decoupled direct income support. Policies in relation to food quality, food safety and animal welfare as well as environment, landscape and rural development receive increased attention at EU and member state level. The European Union is becoming a leader in food standards and rural policy. Many well-known specialists contributed their up-to-date knowledge to this book. It has been developed in close collaboration with government officials and scientists, also in relation to courses organised by Wageningen Business School. The book can be used for scientific and professional education (bachelor level), but could function easily as background text in master courses. Business executives, government officials and participants of non-governmental organisations will find this book to be of interest.
Ulrich Koester researches and teaches at the Institute for Agricultural Economics at the Christian-Albrechts-University of Kiel, Germany. He has been a member of the Scientific Advisory Board of the Ministry of Food, Agriculture and Forestry for over 20 years. Moreover, he gained experience working with the International Food Policy Research Institute in Washington D.C. and with numerous international organizations, including the World Bank, FAO, the European Commission, the European Parliament and the European Court of Auditors. His teaching experience is based on courses taught at more than ten universities in general economics and agricultural economics. Part I of the book lays the theoretical foundations for understanding price formation in product and factor markets. In addition to neoclassical theory, institutional economics is of particular importance. Part II presents and evaluates agricultural policy with special reference to the EU, whereby the evaluation framework goes beyond the usual welfare theory analysis. The book is also a valuable aid for students of economic policy, especially because of its detailed evaluation of individual agricultural market policy instruments. The book is aimed at students at universities, technical colleges as well as politicians interested in rational agricultural policy making.
Stay a step ahead of the global competition in food and fiber production, processing, and sales! Multinational Agribusinesses is an essential guide to the inner workings of companies with direct investments in the food and fiber system in the United States and the world. The book provides in-depth and up-to-date analysis of the crucial issues facing multinational enterprises involved in input and output supply activities, commodity investment, food manufacturing, and food distribution. An international panel of academics and researchers working in economics and agriculture presents strategic management and economic analysis of agribusinesses representing a variety of sizes and nationalities. Multinational Agribusinesses examines the key areas of concern to multinationals involved with food and drink processing and/or upstream industries, including recent trends, growth factors, innovations, product and geographic diversification, and intra-firm trade. The book presents updated statistics (total sales, agrifood sales, net income, employment figures, number of total businesses on overseas and home markets) on the world’s 100 largest food multinationals, and updated tables on sell-offs, divestitures, and plant closures. Multinational Agribusinesses looks at enterprises in the United States, Europe, Australia and New Zealand, Southeast Asia, and Brazil, including Ajinomoto®, Coca-Cola®, Nestlé®, Ralston Purina®, Unilever®, Barilla®, and the Charoen Pokphan Group®. Multinational Agribusinesses provides managers with answers to the questions they consider every day, including: Why do some multinational agribusinesses grow faster than others? Is product or geographic diversification conducive to good performance? Are Japanese food multinationals a challenge to my business? What industrial and geographical strategies are my competitors using? Government officials in countries hosting multinationals can find answers to their questions, including: Is my food multinational taking its research and development facilities abroad? Will foreign direct investment outflows reduce my country’s export of food? Are multinational agribusinesses from new source countries viable? And Multinational Agribusinesses will supply academics with responses to theoretical inquiries, such as: Is the standard theory of the multinational enterprises applicable to food multinationals? What are the specificities of food multinationals compared to other multinationals? Multinational Agribusinesses is a unique resource for international business managers, officials from government or international organizations, and academics working in international business studies and agricultural economics.
It has always proved difficult to achieve trade liberalization for agricultural products.This book shows how a new Agriculture Agreement in the WTO led to CAP reform, which in turn allowed for greater flexibility in subsequent international trade negotiations.
This book adopts a revisionist perspective on the European economy, addressing the lack of coherent study of the agricultural sector and reassessing old theories about the links between agricultural and economic development.
Provides an overview of the potential role of organic agriculture in a global perspective. This book discusses political ecology, ecological justice, ecological economics, and free trade. It includes role of organic agriculture for improving soil fertility, nutrient cycling and food security and reducing veterinary medicine use, and more.
This book has the purpose of providing the "state of the arts" concerning bio-economic modelling dealing with agricultural systems. In most cases, the contributions use a methodology combining the use of biophysical and economic models, in all cases, an engineering production function approach is totally or partially applied. This practice is being developed in the last years as a response to concrete policy matters: agricultural policies are increasingly combined with environmental and natural resources policies, and this reality involves the need of an integrated assessment, that current economic models are not able to provide.
The obesity epidemic and the growing debate about what, if any, public health policy should be adopted is the subject of endless debates within the media and in governments around the world. Whilst much has been written on the subject, this book takes a unique approach by looking at the obesity epidemic from an economic perspective. Written in a language accessible to non-specialists, the authors provide a timely discussion of evolving nutrition policies in both the developing and developed world, discuss the factors influencing supply and demand of food supply, and review the evidence for various factors which may explain recent trends in diets, weight, and health. The traditional economic model assumes people choose to be overweight as part of a utility maximisation process that involves choices about what to eat and drink, how much time to spend on leisure, food preparation, and exercise, and choices about appearance and health. Market and behavioural failures, however, such as time available to a person, education, costs imposed on the health system and economic productivity provide the economic rationale for government intervention. The authors explore various policy measures designed to deal with the epidemic and examine their effectiveness within a cost-benefit analysis framework. While providing a sound economic basis for analysing policy decisions, the book also aims to show the underlying limits of the economic framework in quantifying changes in public well-being.
From the first vague idea to use Konrad Hagedorn’s 60th birthday as an inspi- tion for taking stock of his vibrant academic contributions, this joint book project has been a great pleasure for us in many ways. Pursuing Hagedorn’s intellectual development, we have tried to reflect on the core questions of humanity according to Ernst Bloch “Who are we?”, “Where do we come from?” and “Where are we heading?” In this way, and without knowing it, Konrad Hagedorn initiated a c- lective action process he would have very much enjoyed ... if he had been allowed to take part in it. But it was our aim and constant motivation to surprise him with this collection of essays in his honour. Konrad Hagedorn was reared as the youngest child of a peasant family on a small farm in the remote moorland of East Frisia, Germany. During his childhood in the poverty-ridden years after the Second World War, he faced a life where humans were heavily dependent on using nature around them for their livelihoods; meanwhile, he learned about the fragility of the environment. As a boy, he - tended a one-room schoolhouse, where his great intellectual talents were first r- ognised and used for co-teaching his schoolmates. These early teaching expe- ences might have laid the foundations for his later becoming a dedicated lecturer and mentor.
