The study explores the pattern and trend on global dairy trade and changes resulting from globalization being introduced under the auspices of the WTO. The results suggest that WTO has failed to increase the growth pace of value of world dairy trade and to reduce the world dairy markets volatility. The study finds that global dairy trade has been dominated by developed countries. Developed countries are net dairy exporters. Conversely, developing and least developed countries are net dairy importers. During post-WTO phase, least developed countries’ dairy trade deficit has expanded significantly. Developing world has been the largest producer as well as consumer of dairy products. Given thinness and increasing volatility of world dairy markets, it would be prudent for developing countries to increase the investment in dairy industry for enhancing the growth pace of dairy production to meet their faster growing demand.
Purchase
Buy instant access (PDF download and unlimited online access):
Institutional Login
Log in with Open Athens, Shibboleth, or your institutional credentials
Personal login
Log in with your brill.com account
Alessandrini D., Developing countries and the multilateral trade regime: The failure and promise of the WTO's development mission (Oxford: Hart Publishing, 2010).
Badar A.I., Theo V.D.M., ‘World trade organization: What is its future?’ The Journal of World Investment & Trade 11(1) (2010): 45–66.
Chang P.L., Lee M.J., ‘The WTO trade effect’, Journal of International Economics 85(1) (2011): 53–71.
Du L., Liu F., Huo G. ‘World dairy sector: a bright future promised’, Trends in Food Science & Technology, 18 (2007): 579–581.
Eicher T.S., Christian H. ‘In search of WTO trade effects: Preferential trade agreements promote trade strongly, but unevenly’, Journal of International Economics 83(2) (2011): 137–153.
FAO The State of Food and Agriculture – Livestock in the Balance (Rome: Food and Agriculture Organization of the United Nations, 2009).
Hemme T., Otte J., Pro-poor Livestock Policy Initiative Status and Prospects for Smallholder Milk Production – A Global Perspective (Rome: Food and Agriculture Organization of the United Nations, 2010).
Herz1 B., Wagner M. ‘The ‘real’ impact of GATT/WTO – a generalised approach’, The World Economy 34(6) (2011): 1015–1041.
Bureau Jean-Christophe, Jean Sebastien, and Matthews Alan, ‘The consequences of agricultural trade liberalization for developing countries: Distinguishing between genuine benefits and false hopes’, World Trade Review 5(2) (2006): 225–249.
Jim D., Price Volatility in Dairy Markets (Dairy Policy Brief No. 1, University of Missouri, Missouri: Food and Agriculture Research Institute, 2010).
Kim M.H., ‘Do we really know that the WTO increases trade? revisited’, Global Economy Journal 11(2) (2011), Article 4.
OECD Agricultural Policies in OECD Countries: At a Glance (Paris: Organization for Economic Operation and Development, 2010).
Ramphul ‘WTO and world trade in agricultural commodities: Hopes and realities’, The Asian Economic Review 48(3) (2006a): 505–514.
Ramphul ‘WTO and India's agricultural trade’, The Indian Journal of Commerce 59(4) (2006b): 62–72.
Ramphul ‘WTO and developed countries farm policies’, The Indian Journal of Commerce 60(2) (2007): 60–77.
Ramphul WTO and Indian Agriculture (New Delhi: Global Research Publications, 2010a).
Ramphul & Singh K ‘WTO and Sri Lanka's farm trade’, Journal of Indian School of Political Economy 21(1) (2010b).
Ramphul ‘WTO and South Asia's farm trade’, South Asian Survey 17(2) (2010c).
Ramphul & Neelam ‘Liberalisation of wheat: Production, prices & trade’, Foreign Trade Review XLIII(2) (2008): 55–85.
Rose A.K., ‘Do we really know that the WTO increases trade?’ American Economic Review 94(1) (2004): 98–114.
Roy J. ‘Is the WTO mystery really solved?’ Economics Letters 113(2) (2011): 127–130.
Subramanian A., Wei S.J., ‘The WTO promotes trade strongly, but unevenly’, Journal of International Economics 72(1) (2007): 151–175.
Tomz M., , Goldstein J.L., Rivers D., ‘Do we really know that the WTO increases trade? comment’, American Economic Review 97(5) (2007): 2005–2018.
Wiley A.S., ‘The globalization of cow's milk production and consumption: Biocultural perspectives’, Ecology of Food and Nutrition 46(3) (2007): 281–312.
World Bank Agriculture for Development (World Development Report, World Bank, 2008).
All Time | Past 365 days | Past 30 Days | |
---|---|---|---|
Abstract Views | 565 | 89 | 8 |
Full Text Views | 151 | 7 | 0 |
PDF Views & Downloads | 72 | 15 | 0 |
The study explores the pattern and trend on global dairy trade and changes resulting from globalization being introduced under the auspices of the WTO. The results suggest that WTO has failed to increase the growth pace of value of world dairy trade and to reduce the world dairy markets volatility. The study finds that global dairy trade has been dominated by developed countries. Developed countries are net dairy exporters. Conversely, developing and least developed countries are net dairy importers. During post-WTO phase, least developed countries’ dairy trade deficit has expanded significantly. Developing world has been the largest producer as well as consumer of dairy products. Given thinness and increasing volatility of world dairy markets, it would be prudent for developing countries to increase the investment in dairy industry for enhancing the growth pace of dairy production to meet their faster growing demand.
All Time | Past 365 days | Past 30 Days | |
---|---|---|---|
Abstract Views | 565 | 89 | 8 |
Full Text Views | 151 | 7 | 0 |
PDF Views & Downloads | 72 | 15 | 0 |