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History
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| Number of pages / Number of words: |
2 / 477 |
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The banana industry is currently under additionally threat from the WTO ruling due to litigation brought by the USA and its allies.
Currently the challenges faced by the sugar and banana industries from globalisation are a lack of increased production and productivity, absence of economic scale production, continued labour problems and its high cost, slow paced diversification, few value added products developed, higher costs of inputs resulting from currency liberalisation, low levels of technology used in the production systems, and inadequate research and development support...
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Globalisation can be characterised by four types of change. It involves the stretching of social, political and economic activities across political frontiers, regions and continents. It suggests the growing magnitude of interconnectedness ? in areas such as flows of trade, investment, finance, migration and culture...
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