Comparative Advantage in Agricultural Products in Malaysia

In Malaysia, agriculture remains an important sector and it plays role as food providers, create employments and generate earnings from export products. The development of the agricultural sector is generally governed by a comprehensive and market driven agricultural policies. The agricultural policies were formulated and have enabled the agricultural sector to grow sustainably and also contributed to economy development in Malaysia. The agricultural policy set the direction for the agricultural sector. As a result, this sector has been transformed from a conventional and passive sector that focused on single commodity to a dynamic, diversified and modern sector.

Agriculture is arguably the main focus of discussion when considering the geographical cause of low economic development. The different climate and soil conditions in tropical ecological zones (Gallup et al., 2003, p.32), mean there is less

South Asia is one of the most densely populated regions of the world, where despite a slow growth, agriculture remains the backbone of rural economy as it employs one half to over 90 percent of the labor force. Both extensive and intensive policy measures for agriculture

Like many countries, agriculture has been the backbone of Australia’s growth and development. Farming in Australia can be traced back to the time European settlers introduced agricultural technologies from their native countries and thereby influenced the early practices in the country. The industry of farming has fed Australia’s growing population and provided a basis for economic growth and development. Australia’s agricultural sector is a significant contributor to the economy, businesses related to agriculture not only provide for Australia’s population but is also a major exporter.

Summarise and compare the evidence for the development of agriculture in South West Asia and North America.

In this research, we focus on: “application of theory of comparative advantage in Vietnam’s export and import and the gain and loss of the economy in trade”. The research intended for people who want to comprehend more about the recently situation of import and export in Vietnam. Besides, we bring to users basic knowledge and implication of comparative advantage in those situation of Vietnam through example of exporting coffee after the collapse of ICA.

According to Evenson the top three threats are, “increase in competition in the international market; the growing competition with other economic activities that increases the cost of production, especially the labor cost; and degradation of ecological conditions. Rice production around the world has become more competitive. This makes it harder for Thailand to keep its competitive advantage with its Jasmine rice. As for the modernization of the nation, it has lead to an increase cost of labor. This makes it more expensive for rice farmers that used to use cheap manual labor. Finally the massive amount of land used for the production of rice may have long term negative affects on the yields of the land. (Evenson)

In light of this, I would like to explore research frontiers in the area of the challenges of managing food and farm businesses in a global setting of the 21st Century. In our society beleaguered by agricultural problems that ranges from economic to environmental problems such as weather and global warming, issues concerning trade and management of agricultural enterprises has been the topic of debate for the past decade. Many developing/poor countries who earn their living from agriculture continuously suffer from poverty and hunger as a result of the increasing pressures on the world's resource base. Policymakers are gripped with finding solutions to problems such as structural and technological constraints, inappropriate domestic policies and an unfavourable external economic environment. As a result, the growth of these economies has been slow, undernourishment has been increasing and the marginalization of these countries in the global economy has continued. This trend has created problems for developing countries over the past decade. Economic and financial

Introduction Although many still think of the Philippines as an agricultural economy, strictly speaking, it is not. Agriculture, fishery and forestry directly account for just one-fifth (20 percent) of the economy’s aggregate domestic output (GDP). Ever since the 1960s, the direct share of agriculture in the GDP had fallen below one-third, and by 1981, the sector’s share had decreased to only 23 percent. Growth from this level was rather anemic, averaging 1.7 percent per annum during the period 1981-2003, compared to the average overall GDP growth of 2.6% over the same period. While agriculture output was largely

It is the leading earning sector in both terms of GDP and govt. revenue. Majority of the people earn their livings from this sector. Due to a number of sectors, most of the labor force are focused on agriculture. The sector has achieved steady increase in food grain production despite the unfavorable weather conditions and economical turmoil’s. One of the most important factors claim behind this increase is due to the efficiency use of improved fertilizers and the establishment of better flood control and irrigations. The development of infrastructures and rural credit networks has contributed to the sectors development. Population pressure continues to place a severe burden on productive capacity, creating food deficit especially of wheat. Foreign assistance and economical imports fill the gap but seasonal hunger remains a problem. Under employment remains a serious problem a growing concern for Bangladesh’s agricultural sectors will be its ability to absorb additional manpower.

The Philippine economy is progressively increasing according to the World Bank Org. According to the date compiled by CNN Money, the Philippines is projected to be the fourth fastest in the world, that has a GDP at 6.7%. It is projected that the Philippines economy is higher than Bangladesh 6.3%.The agriculture is one of the factors that affects the economy of the Philippines. It contributes the GDP and labor force in the Philippines.

Growth in the agricultural sector has been driven by increased production of major food crops such as maize, sorghum and cassava, but the sector’s performance remains below potential. In turn, the services and industrial sectors have shown strong growth. The nascent banking sector and expanding telecommunications sector are key drivers behind services growth, while construction, electricity generation, manufacturing and mining are salient sub-sectors in industrial activity. Looking ahead, the banking and telecommunication sectors will continue to support services growth, while increased electricity generation capacity will benefit the expansion of the manufacturing

This study was conducted to (a) determine which market is the most dynamic for Thai exports, (b) measure the intensity of trade between Thailand and its regional trading partners and (c) test whether the modified Revealed Comparative Advantage (RCA) index, which was developed based on the gravity trade model, is applicable for measuring Thailand’s competitiveness resulting from its border trade policy. The RCA index is typically applied based on three conceptual points. First, the trade balance index (TBI) can be used to indicate whether GMS countries are net exporters or importers. Second, the trade balance is typically decomposed by product and country (i.e., bilateral trade balance). Relevance refers to the degree of concentration of trade imbalances

Political factors impact the agricultural sector in factors relating to regulation, distribution, and consumption of foods in a given country. Government policies and imposed regulations have a direct effect on nutritional choices that a consumer makes, and this, in turn, affects the agriculture market (KPMG, 2012). For example, policies governing food prices or the amount of information that a consumer will receive affects the choice of the consumer. Food regulation and safety measures implemented influence the supply of food products, and ultimately determines the market choice for consumers (KPMG, 2012). Economic factors have a direct effect on the agricultural industry. On one hand, the input cost such as the price of seeds, fertilizers, and cost of labor affect the productivity of the industry. The economic status of a country also affects the industry’s productivity. For example, in developing countries, the agricultural sector is less developed owing to limited resource input and poor infrastructure (KPMG, 2012).

Continuous rapid economic growth has raised Malaysia from an agricultural and commodity-based low-income economy to a successful middle-income economy. As a mixed economy, Malaysia has elements of a free market economy nevertheless with intervention government. Malaysia's economic activity consist of a mixture of sectors whereas mixed of capitalism and socialism The strong economic performance has helped improve the quality of life for Malaysians and supported advances in education, health, infrastructure, housing and public amenities and others.