Farm Policies And World Markets: Monitoring And Disciplining The International Trade Impacts Of Agricultural Policies

by Timothy Josling

Overview

The aim of the book is to provide interested readers with access to a number of articles that have been written over the years on the subject of the linkages between domestic farm policies (particularly in developed countries) and world markets for agricultural goods. The scope of the book includes the measurement of protection and the estimation of transfers to agricultural producers, the effect of these policies on consumers and the consequent impact on international trade. A major theme is that the monitoring of the trade and transfer implications of farm policies is an essential first step to addressing the need for internationally agreed disciplines on their nature and extent. The topic of trade impacts of farm policies has become important in two different market situations. When agricultural commodity prices are depressed, attention turns to the activities of countries (particularly developed countries) that support the income of their own farmers but at the expense of farmers in other countries. When prices rise, as they have done in the last five years, the question is reversed: what is the impact of the farm and food policies that restrict exports to keep domestic prices low on food security in other countries? Thus, the narrative of the monitoring of farm policies by international organizations such as the OECD and the disciplining of such policies under the rules of the WTO is as relevant today as in the 1970s when the first efforts in this direction were made.

Product Details

ISBN-13:	9789814616447
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	04/29/2015
Series:	World Scientific Studies In International Economics , #43
Pages:	368
Product dimensions:	6.40(w) x 9.80(h) x 0.90(d)

Table of Contents

About the Author vii

Preface and Acknowledgements ix

Introduction xiii

Part I Monitoring the Trade Impacts of Developed Country Farm Policies 1

1 Agricultural Protection and Stabilization Policies: Analysis of Current Neomercantilist Practices 3

2 Measuring Levels of Protection in Agriculture: A Survey of Approaches and Results Stefan Tangermann 17

3 Of Models and Measures: Some Thoughts on the Use and Abuse of Policy Indicators 27

Part II Domestic Policies and the Structure of International Markets 39

4 Government Price Policies and the Structure of International Agricultural Trade 41

5 Domestic Agricultural Price Policies and Their Interaction through Trade 58

6 Price, Stock, and Trade Policies and the Functioning of International Grain Markets 78

Part III Disciplining Domestic Policies through the GATT and WTO 103

7 The GATT: Its Historical Role and Importance to Agricultural Policy and Trade 105

8 Reflections on the Exceptional Treatment of Agriculture in the WTO 122

9 Competing Paradigms in the OECD and Their Impact on the WTO Agricultural Talks 136

Part IV Trade Conflicts over Domestic Policies 157

10 Agricultural Trade Issues in Transatlantic Trade Relations 159

11 Production and Export Subsidies in Agriculture: Lessons from GATT and WTO Disputes Involving the US and the EC Stefan Tangermann 180

12 Agricultural Trade Disputes in the WTO 206

Part V Monitoring the Compliance of Country Policies with WTO Disciplines

13 WTO Compliance and Domestic Farm Policy Change 247

14 The Difficult Task of Disciplining Domestic Support David Orden David Blandford 276

15 Transparency and Timeliness: The Monitoring of Agricultural Policies in the WTO using OECD Data Klaus Mittenzwei 318