THE "NEW ECONOMY" AND EFFICIENCY IN FOOD MARKET SYSTEM: A COMPLEMENT OR A BATTLEGROUND BETWEEN ECONOMIC CLASSES?

Rapid 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.


Subject(s):
Issue Date:
2003
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/25918
Total Pages:
17
Series Statement:
Contributed Paper




 Record created 2017-04-01, last modified 2017-08-24

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