MEASURING MARKET INTEGRATION IN THE GLOBAL ECONOMY

The increased level of market integration in the processed food industry through trade, foreign direct investment, and the expanded use of intellectual property rights are an observed phenomenon of the past three decades. Measurement of market integration is problematic, and the role of FDI in market integration has not been adequately taken into consideration. This study measures the growth in the market shares of multinationals in selected countries and industries to indicate the degree of market integration. We also employ a market share convergence type model to estimate whether the market shares of the multinationals and domestically owned firms in key markets have converged to some steady state during the years 1991 to 2003.Processed food industry, global integration, market shares, Argentina, Brazil, U.S., International Relations/Trade,

A review of the genus Megalographa Lafontaine and Poole (Lepidoptera: Noctuidae: Plusiinae) with the description of a new species from Costa Rica

The classification of the genus Megalographa Lafontaine and Poole, 1991, is reviewed and the five known species diagnosed. The genus is essentially restricted to the New World, although one species M. biloba (Stephens) is migratory and has occasionally straggled to western Europe. A new species (Megalographa talamanca Lafontaine and Sullivan) endemic to the Talamanca Mountain Range in Costa Rica is described. Adults and genitalia are illustrated

U.S. FOREIGN DIRECT INVESTMENT AND TRADE: SUBSTITUTES OR COMPLEMENTS? THE CASE OF THE FOOD PROCESSING INDUSTRY

The role of foreign direct investment as a complement or substitute to foreign trade continues to be debated in regard to the food processing industry. This study extends earlier work to demonstrate that FDI and trade depend on the stage and the similarities of the economic development of the host countries, as macroeconomic factors--such as exchange rate fluctuations and income growth-- act differently in developing vs. developed countries, and exporting vs. importing countries.Agribusiness, International Development, International Relations/Trade,

Reconnaissance mapping from aerial photographs

The author has identified the following significant results. Engineering soil and geology maps were successfully made from Pennsylvania aerial photographs taken at scales from 1:4,800 to 1:60,000. The procedure involved a detailed study of a stereoscopic model while evaluating landform, drainage, erosion, color or gray tones, tone and texture patterns, vegetation, and cultural or land use patterns

Transitioning from Transaction-Based Markets to Alliance-Based Supply Chains: Implications for Firms

Industrial Organization,

THE UNITED STATES IN THE GLOBAL SOYBEAN MARKET: WHERE DO WE GO FROM HERE?

This study applies the concept of a dynamic dominant-firm oligopoly model to the international soybean market. It has been suggested that the international soybean market should be viewed as an oligopoly among exporting nations. Consistent with Gaskins (1971) dynamic dominant firm model, our results indicate that the current U.S. loan deficiency-payment prices and their predecessors created an environment in which smaller (fringe) exporters could prosper and expand. The reduction of U.S. market share is thus a logical outcome of an "optimally managed decline" a la Gaskins. The study finds U.S. market share to decline at a reducing rate and predicts U.S. market share eventually to stabilize, given the expanding international market for soybeans and products. Recognition of the structure of international soybean market has policy implications for the 2002 farm program as the classic dominant firm model suggests.Crop Production/Industries, International Relations/Trade,