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"For decades the world's agricultural markets have been highly distorted by national government policies, but very … restrictiveness indexes. It then exploits a global agricultural distortions database recently compiled by the World Bank to generate … a sample of 75 countries that together account for more than three-quarters of the world's production of those …
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"Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional … sector policies are generated without a formal model of global markets or even price elasticity estimates. "--World Bank web …
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Trade negotiators and policy advisors are keen to know the relative contribution of different farm policy instruments to international trade and economic welfare. Nominal rates of assistance or producer support estimates are incomplete indicators, especially when (especially in developing...
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-the opposite of what is usually thought of when considering inter-sector trade retaliation. Phasing down World Trade Organization … import restrictions when international prices slump. To date there is no parallel discipline in the World Trade Organization … that limits increases in export restrictions when prices spike upward, however. Bringing such discipline through new World …
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