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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Protection or Liberalization?: A Policy Analysis of the Korean Beef Sector

Protection or Liberalization?: A Policy Analysis of the Korean Beef Sector

Heidhues, Franz
Förster, Elke

Paperback

Series: Development Economics and Policy, Book 5

Business GeneralEconomicsGeneral Political Science

Currently unavailable to order

ISBN10: 3631496753
ISBN13: 9783631496756
Publisher: Peter Lang
Published: Jan 1 1996
Pages: 209
Language: English
Trade liberalization in the agricultural sector is a prominent issue in the Republic of Korea as in many newly developing countries. Based on the welfare economics approach the study estimates that Korea loses as much as 1.5 billion US$ per year by protecting its beef market. The author analyzes the production costs of national beef production based on extensive empirical material and determines the anticipated changes in the sector. National beef demand is expanding quickly. Import liberalization resulting in lower beef prices could increase the use of natural feed resources and national fodder production. The negative social impact on the rural economy would, however, be substantial as beef production is the second major income source for farmers and often provides for old-age livelihood in the absence of old-age security schemes.

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