Billion Dollars a Day The Economics and Politics of Agricultural Subsidies

ISBN-10: 1405185864
ISBN-13: 9781405185868
Edition: 2009
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Book details

Copyright year: 2009
Publisher: John Wiley & Sons, Limited
Publication date: 4/2/2009
Binding: Paperback
Pages: 320
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.298

E. Wesley F. Peterson is a Professor of Agricultural Economics at the University of Nebraska-Lincoln. He holds a BA in Anthropology from the University of California-Berkeley, a Masters in Public Affairs from Princeton University and a PhD in Agricultural Economics from Michigan State University. He was a Faculty Member at a French agribusiness institute and at Texas A&M University before moving to Nebraska. His research and teaching interests are in the areas of international agricultural trade, agricultural policy, and agricultural development in low-income countries. He is the author of The Political Economy of Agricultural, Natural Resource, and Environmental Policy Analysis (Iowa State University Press, Ames, IA 2001) and has authored and co-authored numerous journal articles and other publications.

Preface
List of Abbreviations
Prologue
Introduction: The Problem of Agricultural Subsidies
Benin
Western Agricultural Subsidies
Organization of the Book
The Economics of Government Intervention
Introduction
The Invisible Hand
Market Failures
Violations of the basic conditions: imperfect competition, information, and risk
Public goods and externalities
Income distribution, poverty, and inequality
Conclusion
The Theory of the Invisible Hand
The Prisoners' Dilemma
The Structure of the World Food System
Introduction
Historical Perspectives
The World Food System
Agribusiness, Government, and Science
Conclusion
Country and Commodity Classifications used in Statistical Tables
Global Institutions and the World Trade Organization
Introduction
The World Trade Organization
Agriculture in the WTO
Trade and Development
Comparative Advantage
The Nature and Scope of Agricultural Subsidies in High-Income Countries
Introduction
Agricultural Policy Objectives and Tools
Agricultural Subsidies in OECD Countries
Effects of OECD Agricultural Subsidies
Conclusion
U.S. Agricultural Policy: How Not to Save the Family Farm
Introduction
Historical Overview of U.S. Farm Policy
The Impacts of U.S. Farm Subsidies
The Politics of U.S. Agricultural Policies
ERS Farm Typology
Agricultural Policy in the European Union: Europe's Sacred Cows
Introduction
Agricultural Policy in the European Union
The Impact of the Common Agricultural Policy
Green Currencies and the Re-Nationalization of the CAP
Agricultural Policy on the Pacific Rim: Non-Trade Concerns versus Comparative Advantage
Introduction
Japan and Korea
Australia and New Zealand
Conclusion
Agricultural Policy in Developing Countries: Cheap Food
Introduction
The Developing World
Agricultural Policy in Developing Countries
The Impacts of Agricultural and Trade Policy Reforms
Conclusion
Country Lists
Conclusion: Whither Agricultural Policy?
References
Index

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