In: Economics
Consider the effect of trade liberalization on agricultural markets. Using your weekly readings and additional research, discuss the challenges experienced by the Saudi Arabian agriculture industry. What financial support does the KSA government provide for its agricultural sectors? How could the KSA improve its agricultural sectors policies? What types of results would you expect for these improvements? Any foreseen consequences?
SOLUTION:-
* The Kingdom of Saudi Arabia had encountered exceptional social and monetary advancement over the most recent couple of years.
* The accessible food flexibly from homegrown producton with restricted land and water assets is far not exactly the homegrown day by day necessities, genuinely restricting the horticultural production.
* A reasonable increment in rural production can be accomplished by the improvement in land and water efficiency.
* There is a tremendous hole among request and production of horticultural items which must be filled through the selection of customary and present day innovations for example land and water sparing methodologies and nursery cultivating, seawater gathering and presentation of tank-farming and Aquaponics.
* In the event that equivalent pattern stays dynamic, at that point the nation will experience the ill effects of a genuine difficulty as it is going to turn into a significant food bringing in nation which will make an enormous weight on the public financier.
* The need of hour is to become food secure nation by using a portion of the significant strategies examined previously. To limit the monetary and social expense of diet related items, it needs to define the public arrangement coordinated with all the potential arrangements of food gracefully and nourishing status.
* Effective part of agriculture expansion is the need of great importance that ought to be misused and used in an exact and proficient way.
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