Question

What is the impact of globalisation on Agriculture?​

Answer 1

Globalization refers to increases in the movement of finance, inputs, output, information, and science across vast geographic areas. The gains from globalization increase net income in many places and facilitate decreases in levels of poverty and may thereby increase levels of food security. However, there is an implication of frictionless movement and perfect knowledge that understates the requirements for benefiting from globalization.

Answer 2

Answer:

Globalization can greatly enhance the role of agriculture as an engine of growth in low income countries by making it possible for agriculture to grow considerably faster than domestic consumption.

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