The Regulation of Agriculture in Developing East Asia
Developing countries across East Asia have made impressive progress in economic development. Despite the effect of the 1997-1998 financial crisis, poverty rates in the region have been consistently declining. Agriculture played a key role by drivin...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/101931500536384332/The-regulation-of-agriculture-in-developing-East-Asia http://hdl.handle.net/10986/28403 |
| Summary: | Developing countries across East Asia
have made impressive progress in economic development.
Despite the effect of the 1997-1998 financial crisis,
poverty rates in the region have been consistently
declining. Agriculture played a key role by driving growth
in the early stages of industrialization. It also
contributed to reducing rural poverty by including
smallholders into modern food markets and creating jobs in
agriculture and agroindustry. As incomes rise and countries
urbanize, the composition of domestic food expenditure is
shifting from basic and unprocessed staple foods to meat,
horticulture and processed foods. In order to take full
advantage of these emerging trade opportunities policy
makers across East Asian countries must support
agribusinesses with effective regulations. Benchmarking
regulatory frameworks in East Asian economies through the
EBA indicators suggests few general trends. First, these
countries tend to perform better on efficiency than on legal
components. Second, most countries over perform the global
average on fertilizer regulations but fail to do so when
regulating seed systems. Third, access to markets and
finance regulations are two areas where regulation in the
region is particularly weak. |
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