Dr. L. Tim Wallace (auth.)'s Agriculture’s Futures: America’s Food System PDF

By Dr. L. Tim Wallace (auth.)

ISBN-10: 0387964827

ISBN-13: 9780387964829

ISBN-10: 1461247306

ISBN-13: 9781461247302

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Benefits are also higher where food MNCs provide products or services with mass appeal (as opposed to luxury consumer goods), institute progressive labor relations and employee training, develop more effective internal control and information systems, adapt products and processes to host-country conditions, strengthen the economic links within the host country, build new firms rather than buy existing firms, and wield their market power in the interests of consumers. Rarely can one find all these features combined in a single firm.

The dust bowls and soil erosion of the 1930s made the public sharply aware of what can happen under resource stress. Acid rain, water pollution, and toxic substances have also alerted the public to "new" words like ecology and environmental degradation. Most people now recognize that all of society has a stake in natural resources and their use, especially the farm and food system. One way to encourage conservation is to let the market work in pricing scarce resources. For example, until the 1970s, cheap energy was taken for granted.

Most of these proposals apply with special force to foreign acquisitions and mergers. Outlook The financial world has seen mergers, conglomeration, product differentiation, market development, and the selling off of assets become familiar terms. The Changing Structure of Agriculture Vertical integration has played a key motivating role for these activities and has shown that profits can be made by being a shrewd asset analyst for identifiable markets. Firm size is closely related to technological progress and the ability to acquire capital for future ventures.

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Agriculture’s Futures: America’s Food System by Dr. L. Tim Wallace (auth.)


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