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Farm Policies And World Markets: Monitoring And Disciplining The International Trade Impacts Of Agricultural Policies (Hardcover)
Loot Price: R3,798
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Farm Policies And World Markets: Monitoring And Disciplining The International Trade Impacts Of Agricultural Policies (Hardcover)
Series: World Scientific Studies in International Economics, 43
Expected to ship within 12 - 17 working days
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The aim of the book is to provide interested readers with access to
a number of articles that have been written over the years on the
subject of the linkages between domestic farm policies
(particularly in developed countries) and world markets for
agricultural goods. The scope of the book includes the measurement
of protection and the estimation of transfers to agricultural
producers, the effect of these policies on consumers and the
consequent impact on international trade. A major theme is that the
monitoring of the trade and transfer implications of farm policies
is an essential first step to addressing the need for
internationally agreed disciplines on their nature and extent. The
topic of trade impacts of farm policies has become important in two
different market situations. When agricultural commodity prices are
depressed, attention turns to the activities of countries
(particularly developed countries) that support the income of their
own farmers but at the expense of farmers in other countries. When
prices rise, as they have done in the last five years, the question
is reversed: what is the impact of the farm and food policies that
restrict exports to keep domestic prices low on food security in
other countries? Thus, the narrative of the monitoring of farm
policies by international organizations such as the OECD and the
disciplining of such policies under the rules of the WTO is as
relevant today as in the 1970s when the first efforts in this
direction were made.
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