The impacts of economic globalization on agricultural value added in developing countries

Countries in the world have various indices for the implementation of economic globalization (EG). This refers to positive and negative impacts arising from its implementation, especially in agriculture. This sector is still a basic source of existence in developing countries. At the same time, thes...

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Autores principales:	Agus Dwi Nugroho, Priya Rani Bhagat, Robert Magda, Zoltan Lakner
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/e213d952bc1648b89e24f94dba6b0d0c
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spelling	oai:doaj.org-article:e213d952bc1648b89e24f94dba6b0d0c2021-11-25T06:13:54ZThe impacts of economic globalization on agricultural value added in developing countries1932-6203https://doaj.org/article/e213d952bc1648b89e24f94dba6b0d0c2021-01-01T00:00:00Zhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC8598014/?tool=EBIhttps://doaj.org/toc/1932-6203Countries in the world have various indices for the implementation of economic globalization (EG). This refers to positive and negative impacts arising from its implementation, especially in agriculture. This sector is still a basic source of existence in developing countries. At the same time, these countries have been unable to optimize their agricultural value-added (AVA) and only earn a low level of income. That way, developing countries need to take advantage of EG to increase income from agricultural exports and farmers’ welfare. Other than that, there has been no study examining the impacts of EG on AVA in developing countries. So, this study intends to evaluate the impacts of the exchange rates, foreign direct investment (FDI) inflows, total agricultural export values, agricultural import duties, and fertilizer imports on AVA in developing countries. The panel data technique is used to assess its impact in 17 developing countries during 2006–2018. The study showed that FDI inflows and agricultural export values increase AVA in developing countries. In this study, EG positively impacts developing countries, but its implementation must pay attention to achieve sustainable development goals. We recommend developing countries focus on investments in human capital and technologies (or R&D), ensure foreign investors collaborate with local agricultural firms, increase agricultural exports, and create a conducive economic systemAgus Dwi NugrohoPriya Rani BhagatRobert MagdaZoltan LaknerPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 11 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Agus Dwi Nugroho Priya Rani Bhagat Robert Magda Zoltan Lakner The impacts of economic globalization on agricultural value added in developing countries
description	Countries in the world have various indices for the implementation of economic globalization (EG). This refers to positive and negative impacts arising from its implementation, especially in agriculture. This sector is still a basic source of existence in developing countries. At the same time, these countries have been unable to optimize their agricultural value-added (AVA) and only earn a low level of income. That way, developing countries need to take advantage of EG to increase income from agricultural exports and farmers’ welfare. Other than that, there has been no study examining the impacts of EG on AVA in developing countries. So, this study intends to evaluate the impacts of the exchange rates, foreign direct investment (FDI) inflows, total agricultural export values, agricultural import duties, and fertilizer imports on AVA in developing countries. The panel data technique is used to assess its impact in 17 developing countries during 2006–2018. The study showed that FDI inflows and agricultural export values increase AVA in developing countries. In this study, EG positively impacts developing countries, but its implementation must pay attention to achieve sustainable development goals. We recommend developing countries focus on investments in human capital and technologies (or R&D), ensure foreign investors collaborate with local agricultural firms, increase agricultural exports, and create a conducive economic system
format	article
author	Agus Dwi Nugroho Priya Rani Bhagat Robert Magda Zoltan Lakner
author_facet	Agus Dwi Nugroho Priya Rani Bhagat Robert Magda Zoltan Lakner
author_sort	Agus Dwi Nugroho
title	The impacts of economic globalization on agricultural value added in developing countries
title_short	The impacts of economic globalization on agricultural value added in developing countries
title_full	The impacts of economic globalization on agricultural value added in developing countries
title_fullStr	The impacts of economic globalization on agricultural value added in developing countries
title_full_unstemmed	The impacts of economic globalization on agricultural value added in developing countries
title_sort	impacts of economic globalization on agricultural value added in developing countries
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/e213d952bc1648b89e24f94dba6b0d0c
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The impacts of economic globalization on agricultural value added in developing countries

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