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

Gerald Schluter () and Chinkook Lee

No 25918, 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa from International Association of Agricultural Economists

Abstract: 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.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 17
Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae03:25918

DOI: 10.22004/ag.econ.25918

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