Agricultural Policy Trade Economic Growth And Development

Agricultural trade has always been one of the most sensitive international trade issues. Governments around the world have long been reluctant to abandon policy instruments that give them influence over domestic prices and allow them to raise revenues. This study looks briefly at the agriculture and trade policies of six different developing countries, each of which has enjoyed unusually high rates of economic growth and development: South Korea, Malaysia, Indonesia, Viet Nam, Chile, and Botswana. Their experience may shed further light on the extent to which governments should retain their powers to intervene in trade as opposed to relinquishing them in favour of market liberalisation.

Publisher Description

Developing countries as a group stand to gain very substantially from trade reform in agricultural commodities. Agricultural Trade Liberalization and the Least Developed Countries is the first book to address important questions relating to this subject. The authors are world renowned experts on international trade and development and they address a very important and timely issue.

Agriculture and Development, OECD 2005, discusses the extent to which OECD country agricultural and agricultural trade policies are coherent with, and supportive of, the achievement of the Millennium Development Goals, particularly the elimination of extreme poverty and hunger.

Composite work on the relationship of rural development to economic growth, with particular reference to developing countries - covers economic implications of agrarian reform, land tenure, traditional social structures, human resources development, marketing, trade, price policy, taxation, agricultural policy, etc. Map, references and bibliographys.

Seminar paper from the year 2018 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1, , language: English, abstract: The Canadian economy relies heavily on international trade especially exports; thus, agriculture and agri-food sectors play significant roles in the growth and development of the Canadian economy. Remarkably, the Canadian agricultural industry has achieved a competitive edge in the regional and global markets. This phenomenon is attributable to a number of factors including strong trade partnerships, high-quality and safe agricultural products, and its geographic proximity to the United States. In the past four decades, agricultural productivity have increased significantly due to the development of large farms, increased food processing and well-established distribution firms. However, it is evident that international trade liberalization has boosted agricultural productivity. Therefore, it is apparent that free trade agreements bear significant benefits to the Canadian agricultural industry. Some of the major benefits of the free trade agreements to the Canadian agricultural industry are the increase of agricultural exports, tariff elimination, opening of new markets, expansion of the agricultural industry, and the creation of employment opportunities for Canadians in the agricultural sector. Therefore, this paper provides a comprehensive overview on the benefits of free trade agreements on the Canadian Agricultural industry.

Most of the world's poorest people depend on farming for their livelihood. Earnings from farming in low-income countries are depressed partly due to a pro-urban bias in own-country policies, and partly because richer countries (including some developing countries) favor their farmers with import barriers and subsidies. Both sets of policies reduce national and global economic growth and add to inequality and poverty in developing countries. Acknowledgement of that since the 1980s has given rise to greater pressures for reform, both internal and external. Over the past two decades numerous developing country governments have reduced their sectoral and trade policy distortions, while many high-income countries continue with protectionist policies that harm developing country exports of farm products. Recent research suggests that the agricultural protectionist policies of high-income countries reduce welfare in many developing countries. Most of those studies also suggest that full global liberalization of merchandise trade would raise value added in agriculture in developing country regions, and that much of the benefit from global reform would come not just from reform in high-income countries but also from liberalization among developing countries, including in many cases own-country reform. These findings raise three key questions that are addressed in this paper: To what extent have the reforms of the past two decades succeeded in reducing distortions to agricultural incentives? Do current policy distortions still discriminate against farmers in low-income countries? And what are the prospects for further reform in the next decade or so?