Macroeconomic Consequences of Farm Support Policies

9780822309284: Paperback
Release Date: 12th October 1989

Number of Pages: 394

Series Duke Press Policy Studies

Duke University Press Books

Macroeconomic Consequences of Farm Support Policies

Paperback / £25.99

Agricultural protectionism is a basic factor underlying the U.S. trade deficit, Third World debt, and global underemployment. Yet despite the seriousness of the problem and attention given to it by many researchers, little progress has been made in formulating and implementing policies to deal with it.
The scholars and experts here assembled present for the first time a quantification and analysis of the impact upon the world economy of reduction or elimination of agricultural protectionism. They question why, give the magnitude of the problem, inferior policies endure despite the weight of evidence that they have failed. The answer they derive is that there is no general understanding of the true cost of the failure, and therefore it is necessary to initiate reform from outside agricultural circles.