Agricultural Policies in the Next Decade: A Global Perspective
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Creator Andrew Schmitz
Title Agricultural Policies in the Next Decade: A Global Perspective
Publisher Center for Applied Economics Research (CAER), Faculty of Economics, Kasetsart University
Publication Year 2554
Journal Title Applied Economics Journal
Journal Vol. 1
Journal No. 18
Page no. p:1-14
Keyword agricultural policy, trade distortion, price instability, subsidies, taxes
ISSN 0858-9291
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.
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