NDLI: Openness of agriculture market, trade-induced adjustment cost and China's agriculture trade policy after WTO

Content Provider	IEEE Xplore Digital Library
Author	Zhang Shu Zhu Jing Cao Li-juan
Copyright Year	2010
Description	Author affiliation: College of Economics and Management, Nanjing Agricultural University, P.R. China, 210095 (Zhang Shu; Zhu Jing; Cao Li-juan)
Abstract	China's WTO accession has brought concerns over its agricultural sector, where the realization of comparative advantage by free trade will lead to economic efficiency, and at the same time bring sizable trade-induced adjustment cost to the agricultural industry. Adjustment cost could be explained in a certain degree that why countries tend to adopt constrained market liberalization policy, and trade protection in certain industries is necessary. Meanwhile, it provides a new angle in trade negotiation, that it will be easier to arrive at partial and gradual agreement if every partner deduces trade barrier in industries with least adjustment cost. This paper focuses on typical land-intensive products, including wheat, rice, soybean and plant oil and typical labor-intensive products, such as meat products, aquatic products, vegetable and fruits, utilizing trade data from 2001 to 2008 after China's accession into the WTO. This paper also estimates and makes comparative analysis of adjustment cost and adjustment pressure caused by China's various agricultural products labor-intensive products, serving as a reference for future market liberalization and protection policy development.
Starting Page	771
Ending Page	778
File Size	129787
Page Count	8
File Format	PDF
ISBN	9781424481163
ISSN	21551855
e-ISBN	9781424481194
DOI	10.1109/ICMSE.2010.5719886
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-11-24
Publisher Place	Australia
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	adjustment cost Production intra-industry trade Sugar industry trade negotiations agricultural trade policy Indexes Cotton
Content Type	Text
Resource Type	Article

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