16 - Plantation to Agribusiness

ucla | GEOG 4 | 2023-12-03 21:45

Table of Contents

Trend from 1970 w/ golbalization

  1. Capitalization of export agri and resource extraction
  2. shift from import-substitution to local export oriented manufacture
  3. growth of global supply chain manufacturing

Capitalization of export agriculture and resource extraction

  • capital intensive agri important in latin america
  • africa cash crop prod peaked in 1950s due to low investment in imporivng soil fertility
  • asian food production (mostly rice) cash-cropping
  • latin america and agricultural trade - most connected with globval markets
  • latin america had highest food surpluses compared to other than core regions
  • in africa, foreign China and S. Korea buy up land for future use mostly food production
    • however has not priduced much change in agri ouitput in africa

    • Conclusion

  • historic decline of manufacturing otuside of core
  • decline in overall importance of periphery’s basic commodities in world econ except oil;
  • collapse of transatlantic trade -> global supply chain
  • latin america is onl;y barter terms of trade of manufactured imports and agri exprots to support basic commodity production as econ strat
  • manufacturing seems the best strat if you can invest