Agricultural Policies in the Next Decade: A Global Perspective
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Abstract
Many countries around the world either tax agriculture or provide subsidies through trade and agricultural policies. This paper presents historical developments in the United States, European Union, Canada, China, India, and Thailand, which generally subsidize agriculture although the level of subsidization has decreased because of the significant rise in commodity prices. While progress has been made in lowering tariff and non-tariff barriers around the world with positive outcomes, the future progress in this area is questionable as evidenced by the Doha Round trade talks. Policy makers are now grappling with how to deal with price instability, uncertainty, and rising food prices.
Keywords : agricultural policy, trade distortion, price instability, subsidies, taxes
JEL Classification : F13, Q28, Q38
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The paper is published under CC BY-NC-ND, in which the article is freely downloaded and shared in its original form non-commercially and its citation details are identified.