By Bernadette Andreosso-O’Callaghan (auth.)
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Additional resources for The Economics of European Agriculture
Toledano, J. (1978) ‘A Propos des Filières Industrielles’, Revue d’Economie Industrielle, No. 6. Von Hippel, E. (1988) The Sources of Innovation (Oxford: Oxford University Press). H. (1826) Der Isolierte Staat (Gustav Fischer, Iena edition). 40 The Economics of European Agriculture Weber, A. (1909) Über der Standort der Industrien (English translation: Theory of the Location of Industries, 1929, University of Chicago). World Bank (various issues) World Development Report (New York: Oxford University Press).
Clearly, Germany and the UK are not important agricultural producers in relative terms. 8 Source: CEC (2002), T/25, T/26, T/20 and T/31. 0 18 The Economics of European Agriculture Interestingly, the table also shows how the production of some commodities is heavily concentrated on a few countries only. 4 per cent. Although not directly visible in the table, France is also dominant in the ‘quality wine’ sector (nearly 100 per cent of EU production), as well as in the production of oilseeds, with more than 42 per cent of EU production.
Under free trade, general economic growth elsewhere, higher productivity in the agricultural sector as well as lower prices prevailing in the most advanced nations of the rest of the world are diffused until they set in motion Concepts and Definitions 35 an adjustment process in the agrarian and less economically advanced country. A steeper price ratio line means in our case that agriculture’s terms of trade decline, or in other words that more exports of agricultural products are needed in order to buy the same amount of imports of non-agricultural products.