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2008, global private spending in agricultural research grew by 26%, with high-income nations driving the trend. Still, private spending accounted for only 21% of total research spending in 2008 (Beintema et al., 2012). Food system consolidation can have negative impacts for small farmers who cannot compete with the scale of large agricultural corporations. Likewise, large retailers, producers, and processors can sell goods at prices inconsistent with commodity and production inputs, out-competing the smaller farmers and retailers. In Top collection social worker in this office we can do this poster  developing nations, cheaper goods from outside markets decrease local commodity prices, making them more volatile while damaging local businesses’ revenues. Small retailers are forced out of business, while local farmers are trapped in a poverty cycle . These impacts are discussed in more detail in Chapter 4. Food retail has seen major consolidation in the past decades as supermarket retailers have established a dominant position in the market. As discussed in section 1.5, 51% of food globally is sold through supermarket chains, much of which is controlled by major market players, namely Walmart , Tesco , Costco , Carrefour and Kroger . Market globalization has helped to fuel consolidation as these companies establish branches in less competitive international markets, facilitated by a global trend of trade liberalization. Tesco, for example, had a 2.4% increase in total sales in 2004 due to its investment in Asian markets. This is compared to only 0.2% growth in the UK market in the same year . These large corporations are often welcome in foreign markets, as opening up the market to competition from imports can lower local food prices and improve food availability . Such liberalization, however, can be detrimental to the same communities trade policies seek to benefit. Processing has consolidated in agribusinesses – food traders that control food supply chains including transport and processing.

Top collection social worker in this office we can do this poster
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