A long period of international discussion and negotiation about new global trading arrangements ended in 1979. Despite changed economic and institutional circumstances, and growing deficiencies in the. existing arrangements for agricultural trade, these negotiations have done little to improve...

This paper looks at the recent boom in agricultural commodity prices to see to what extent the changes these prices reflect are of a structural rather than short term nature. It concludes that they are essentially short term: a lagged supply response to the agricultural depression of 1970 and 1971;...

Recent cross-Strait tensions following Taiwan’s more assertive attempts at international recognition have raised the question of the viability of Taiwan’s strategy of divorcing its policy of ‘pragmatic diplomacy’ from its economic ambitions to achieve the status of a middle-level...

China applied to rejoin the General Agreement on Tariffs and Trade (GATT) over a decade ago and negotiations for China’s entry into GATT’s successor, the World Trade Organisation (WTO), are still proceeding.1 China has participated in regional economic cooperation processes for about the...

This paper discusses in greater detail the case for tariff compensation set out in the Green Paper on Rural Policy. It considers a number of theoretical and practical arguments levelled against the principle, including those put forward in the Annual Report for 1973-74 of the Industries...