2000•Agricultural Economics Research ReviewRequires access

Towards Measuring Comparative Advantage of Agricultural Commodities In India

Brajesh Kumar Jha

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Abstract

The WTO Agreement on Agriculture strives to establish free and fair trade in agricultural commodities. It is believed that once implementation phase (1995-2004) is over, countries having comparative advantage in producing a commodity will dominate trade in that commodity. India, enriched with varied climate and soil, produces a wide range of agricultural commodities. Abundance of labor provides further opportunity to produce at low cost.

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The WTO Agreement on Agriculture strives to establish free and fair trade in agricultural commodities. It is believed that once implementation phase (1995-2004) is over, countries having comparative advantage in producing a commodity will dominate trade in that commodity. India, enriched with varied climate and soil, produces a wide range of agricultural commodities. Abundance of labor provides further opportunity to produce at low cost.

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Available abstract

The WTO Agreement on Agriculture strives to establish free and fair trade in agricultural commodities. It is believed that once implementation phase (1995-2004) is over, countries having comparative advantage in producing a commodity will dominate trade in that commodity. India, enriched with varied climate and soil, produces a wide range of agricultural commodities. Abundance of labor provides further opportunity to produce at low cost.

Key concepts: Agriculture, Commodity, Comparative advantage, Non-invasive ventilation, Agricultural economics, Commodity chemicals, Range (aeronautics), Economics

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