Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/17880
Title: Refocussing on the Value Chain Perspective to Analyse Food, Beverage and Fibre Markets
Contributor(s): Griffith, Garry  (author)orcid ; Gow, Hamish (author); Umberger, Wendy (author); Fleming, Euan  (author); Mounter, Stuart  (author)orcid ; Malcom, Bill (author); Baker, Derek  (author)orcid 
Publication Date: 2015
Handle Link: https://hdl.handle.net/1959.11/17880
Abstract: Global food, beverage and fibre markets can be characterised as networks of global value chains. Increasingly such chains are private and powerful, closely coordinated or fully vertically integrated, self-regulated, global and experience-based. The more that global agricultural and food product trade is conducted in these global value chains, the greater the concern that market efficiency may be compromised and the stronger the argument for having effective regulatory policy on hand for these markets. It is difficult to define appropriate roles for government intervention in these new environments. A priori, standard market failure justifications for public interventions are no longer as strong. In this paper the standard public good/market failure argument is summarised, developments in these markets and implications for analyses of agricultural and food sector markets are reviewed, and appropriate roles for government in an environment dominated by global value chains are considered. The conclusion is that there are potential roles for government or the governing agency in the value chain. These roles relate to creating or improving chain goods to ameliorate chain failure, rather than customary intervention to provide public goods in the face of market failure.
Publication Type: Journal Article
Source of Publication: Australasian Agribusiness Perspectives, p. 1-19
Publisher: University of Melbourne
Place of Publication: Australia
ISSN: 2209-6612
Fields of Research (FoR) 2008: 140201 Agricultural Economics
Fields of Research (FoR) 2020: 350909 Supply chains
380101 Agricultural economics
300208 Farm management, rural management and agribusiness
Socio-Economic Objective (SEO) 2008: 910203 Industrial Organisations
Socio-Economic Objective (SEO) 2020: 280108 Expanding knowledge in economics
150503 Industrial organisations
280101 Expanding knowledge in the agricultural, food and veterinary sciences
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Publisher/associated links: https://www.agrifood.info/perspectives/
Appears in Collections:Journal Article
UNE Business School

Files in This Item:
3 files
File Description SizeFormat 
Show full item record

Page view(s)

1,888
checked on Jul 2, 2023
Google Media

Google ScholarTM

Check


Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.