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|Offshore Agricultural Production |
|NYIT -Fall 2010 |
|Dr. Ahmad Qatanani – Economics 601 |
|Ahmad Amoudi & Majdi Ghanayem |
ii. History of offshore agricultural production
iii. The rewards and dangers of offshore production
iv. Economics of offshore agricultural production
v. The case of Saudi Arabia
The increasingly competitive global demand for food products has had huge ramifications on the way countries around the globe secure and satisfy their needs for agricultural products. Countries having scarce resources (water, land, human resources, moderate weather) face challenges in trying to satisfy the demand for food.
In the wake of the recent wave of price increases of grains to record numbers, agricultural land in the developing countries became a target for wealthier disadvantaged countries. Offshore agricultural production emerged recently as a solution to the shortage of supply and as an investment opportunity to both the countries leasing and leasing out the land.
In this paper, we will discuss the positive and negative elements of offshore agricultural production. We will show the effect on the... [continues]
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