From: assets.bii.co.uk/wp-content/u...
From: assets.bii.co.uk/wp-content/u...
“Now there is a new paradigm: “go out together”” (…) Chinese government does not want to see this happening too fast but there is no choice if the tariffs continue to be 50% plus”
“Now there is a new paradigm: “go out together”” (…) Chinese government does not want to see this happening too fast but there is no choice if the tariffs continue to be 50% plus”
“very strong urge for Chinese companies to invest abroad”.
“very strong urge for Chinese companies to invest abroad”.
(1) Mechanization – “can’t do it on tiny farms. Economies of scale from mechanization are enormous”.
(2) Slack: Labour & land markets don’t work well. For small farms, cost of hiring labour is high relative to scale of operation -> slack
(1) Mechanization – “can’t do it on tiny farms. Economies of scale from mechanization are enormous”.
(2) Slack: Labour & land markets don’t work well. For small farms, cost of hiring labour is high relative to scale of operation -> slack
voxdev.org/topic/firms/...
voxdev.org/topic/firms/...
www.cgdev.org/publication/...
www.cgdev.org/publication/...