Charles, C.F. and Blandford, D. and Boisvert, R.N. (1980) Economic feasibility of import substitution of livestock feed in the Caribbean Community. Other. Cornell University, Ithaca, New York.
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Abstract
The study evaluates the economic feasibility of substituting domestically-produced maize and soya for imports in the Caribbean Community (CARICOM), with special emphasis given to the availability of land suitable for their production, domestic production costs relative to import costs, and the implications for employment and the balance of payments. Two major conclusions are derived. First, if a maize/soya industry had existed in 1975 under the cost conditions assumed, it could have potentially reduced both maize and soya meal imports by about 45%, and soya oil imports by over 30%. Second, land and labour resources within the Community are adequate to achieve self-sufficiency in either feed or oil, but not both. The implications of self-sufficiency for resource use and foreign exchange differ significantly among countries. Superficially, it appears that quotas, required only in Guyana and Jamaica, provide the simplest means to achieve import substitution. However, quotas are viewed unfavourably by the international community. Prohibitive tariffs provide a theoretical alternative, but the rates required would generally be over 50% and would differ between member countries. Because CARICOM has been attempting to harmonize its tariffs and adopt a common external tariff, harmonization on the maximum rate needed to ensure self-sufficiency could result in excessive protection in some of the member countries
| Item Type: | Monograph (Other) |
|---|---|
| Author Affiliation: | Ministry of Agriculture, Trinidad and Tobago |
| Subjects: | Crop Improvement |
| Divisions: | Maize Soyabean |
| Depositing User: | Ms K Syamalamba |
| Date Deposited: | 30 Oct 2012 05:02 |
| Last Modified: | 30 Oct 2012 05:02 |
| URI: | http://eprints.icrisat.ac.in/id/eprint/8581 |
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