Firms` Strategic Decisions: Theoretical and Empirical Findings

Author(s): Kazi Arif Uz Zaman and Kaliappa Kalirajan

DOI: 10.2174/9781681086255118030013

Strategic Decision Making in Asia’s Regional Agriculture: The Impact of Uruguay Round’s Multilateral Trade Liberalization Agreement

Pp: 190-213 (24)

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Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

Using the Data Envelopment Analysis (DEA) and Malmquist index, this chapter analyzes how the Uruguay Round’s resolution on Agreement on Agriculture (AoA), which is a strategic decision making at the global level, has contributed to the strategic decision making in Asian agriculture at the national level. The empirical results reveal that the strategic decision making of trade liberalization at the national level has significantly contributed to growth in productivity and efficiency measures in Asian agriculture during the period of 1981 to 2012. As like the Kuznets hypothesis, an interesting inverted U-shaped movement of technical efficiency levels with trade liberalization is observed, while the movement of technological change on trade openness comes as U-shaped.

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