Current Tendencies in Agricultural Trade and the Roles of Major Actors

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Author(s): Bistra Vassileva (University of Economics-Varna, Bulgaria)
Copyright: 2020
Pages: 30
Source title: Handbook of Research on Globalized Agricultural Trade and New Challenges for Food Security
Source Author(s)/Editor(s): Vasilii Erokhin (Harbin Engineering University, China)and Tianming Gao (Harbin Engineering University, China)
DOI: 10.4018/978-1-7998-1042-1.ch002

Keywords: Agricultural & Food Technologies / Agricultural and Food Technologies / Environment & Agriculture / Information Science Reference

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Abstract

Globalization was signified as a quintessence of the last decade of the century. Its effect on international trade is outstanding because of the interconnectedness of the international markets. The current wave of globalization is driven by major technological breakthroughs in transportation and communication. Major market actors are witnessing lower trade barriers and reduced transaction costs due to numerous technological innovations. The chapter starts with a literature review on global market tendencies and their implications on agricultural trade. The first section begins with a comparative analysis of the agricultural trade flows by globalization waves. The second section describes the major actors in agricultural trade and their global market positions. In the third section, network analysis is used to visualize the connections between the major actors. Their behavioral pattern is presented as well as the key interactions are revealed. The chapter ends with recommendations aimed at the future development of agricultural trade with a focus on global intervention policies.

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Current Tendencies in Agricultural Trade and the Roles of Major Actors

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