Globalized production and local commercial production both have advantages and disadvantages. Their impacts differ across various stakeholder groups, namely producers, consumers, and the local economy. Let's delve into these differences with some real-world examples!
Local Commercial Production: Producers enjoy increased market access and the potential for more direct sales to consumers, often called "farm-gate sales". Imagine a local farmer selling her fresh tomatoes at a farmer's market – she is accessing her market directly!
Globalized Production: Producers can create food products more cheaply and uniformly. Think McDonald's – it maintains uniform standards for its burgers, no matter where in the world you're eating one!
Local Commercial Production: Consumers get fresh, in-season food, reducing their carbon footprint due to lower "air miles" (distance food travels from producer to consumer). It's like picking apples from your neighbor's orchard instead of buying ones shipped from another country.
Globalized Production: Consumers can buy inexpensive food all year round, and have access to a variety of products. Like how you can enjoy strawberries in winter, thanks to globalization!
Local Commercial Production: The local farming economy improves, and other sectors like fertilizer production, veterinary services, and farm equipment also experience growth due to the multiplier effect.
Globalized Production: Local economies can focus on producing large quantities of a single product for major Transnational Corporations (TNCs), leading to specialization, intensification, and increased production. Think of Brazil focusing on soybean production for global demands!
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Globalized production and local commercial production both have advantages and disadvantages. Their impacts differ across various stakeholder groups, namely producers, consumers, and the local economy. Let's delve into these differences with some real-world examples!
Local Commercial Production: Producers enjoy increased market access and the potential for more direct sales to consumers, often called "farm-gate sales". Imagine a local farmer selling her fresh tomatoes at a farmer's market – she is accessing her market directly!
Globalized Production: Producers can create food products more cheaply and uniformly. Think McDonald's – it maintains uniform standards for its burgers, no matter where in the world you're eating one!
Local Commercial Production: Consumers get fresh, in-season food, reducing their carbon footprint due to lower "air miles" (distance food travels from producer to consumer). It's like picking apples from your neighbor's orchard instead of buying ones shipped from another country.
Globalized Production: Consumers can buy inexpensive food all year round, and have access to a variety of products. Like how you can enjoy strawberries in winter, thanks to globalization!
Local Commercial Production: The local farming economy improves, and other sectors like fertilizer production, veterinary services, and farm equipment also experience growth due to the multiplier effect.
Globalized Production: Local economies can focus on producing large quantities of a single product for major Transnational Corporations (TNCs), leading to specialization, intensification, and increased production. Think of Brazil focusing on soybean production for global demands!
Dive deeper and gain exclusive access to premium files of Geography HL. Subscribe now and get closer to that 45 🌟