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Agricultural Protection in Industrial Countries

  • Bruce Gardner

Abstract

The US is not playing on a level playing field in agricultural trade. However, the US has itself been a substantial contributor to the sorry state of this field. The omission of agriculture from the postwar GATT agreements was a feature that the US desired, because entrenched political realities required price supports at levels that would have drawn large imports of grain, dairy products and other commodities in the 1950s had imports not been restrained. (For details, see Johnson, Hemmi and Lardinois, 1985; Paarlberg, 1988; USDA, 1987.)

Keywords

Common Agricultural Policy Uruguay Round Loan Rate Export Subsidy World Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© David Greenaway, Robert C. Hine, Anthony P. O’Brien and Robert J. Thornton 1991

Authors and Affiliations

  • Bruce Gardner

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