The Political Economy of Agricultural Price Distortions giá ưu đãi

• Contributors exploit new political economy theory, new comprehensive global set of annual estimates of price distortions since the 1950s 

• The policy issue is among the most contentious facing countries wishing to promote economic reform unilaterally, regionally and multilaterally via the WTO 

• Contributors are among the world’s top agricultural trade analysts

Despite numerous policy reforms since the 1980s, farm product prices remain heavily distorted in both high-income and developing countries. This book seeks to improve our understanding of why societies adopted these policies, and why some but not other countries have undertaken reforms. Drawing on recent developments in political economy theories and in the generation of empirical measures of the extent of price distortions, the present volume provides both analytical narratives of the historical origins of agricultural protectionism in various parts of the world and a set of political econometric analyses aimed at explaining the patterns of distortions that have emerged over the past five decades. These new studies shed much light on the forces affecting incentives and those facing farmers in the course of national and global economic and political development. They also show how those distortions might change in the future – or be changed by concerted actions to offset pressures from vested interests.