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The Political Economy of Agricultural and Food Policies (Hardcover, 1st ed. 2018)
Loot Price: R3,515
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The Political Economy of Agricultural and Food Policies (Hardcover, 1st ed. 2018)
Series: Palgrave Studies in Agricultural Economics and Food Policy
Expected to ship within 10 - 15 working days
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Winner of the European Association of Agricultural Economists Book
Award Food and agriculture have been subject to heavy-handed
government interventions throughout much of history and across the
globe, both in developing and in developed countries. Today, more
than half a trillion US dollars are spent by some governments to
support farmers, while other governments impose regulations and
taxes that hurt farmers. Some policies, such as price regulations
and tariffs, distribute income but reduce total welfare by
introducing economic distortions. Other policies, such as public
investments in research, food standards, or land reforms, may
increase total welfare, but these policies come also with
distributional effects. These distributional effects influence the
preferences of interest groups and in turn influence policy
decisions. Political considerations are therefore crucial to
understand how agricultural and food policies are determined, to
identify the constraints within which welfare-enhancing reforms are
possible (or not), and finally to understand how coalitions can be
created to stimulate growth and reduce poverty.
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