globalisation and its impact on agriculture

GLOBALIZATION

The objective of the WTO is to create a single geographic market that is worldwide in scope, with a single set of trading rules that are worldwide in application. Globalization doesnot mean just ‘global free market’. According to Webster’s dictionary “globalize,” means “to make worldwide in its scope or application.” Every nation has the right to maintain those aspects of its local and national economies that it feels necessary to protect its resources and its people from exploitation. In a truly “global free market,” the social and political boundaries that now protect nations from such economic exploitation no longer exist.

GLOBALIZATION AND AGRICULTURE
Globalization has a significant influence on agriculture and the food supply that favored economies of scale at the international level.
In a global agricultural economy, small farms will be replaced by large farms, which in turn will be controlled by giant multinational corporations. Small f...