Disarray in World Food Markets: A Quantitative Assessment

Description

This book was first published in 1992. In the late twentieth century, the crisis in world agriculture had become increasingly evident as the protectionist agricultural policies of various countries distort the international market. Why had agricultural policies become more inward-looking as the world becomes increasingly interdependent economically? Disarray in World Food Markets addresses the nature and causes of this crisis in international trade policy. Its analysis of the effects of these food policies is complemented by a quantitative review of the long-term trends in world food markets. The study also extensively examines the reasons why governments choose to implement distortionary policies. This ambitious book, based on a dynamic, multi-commodity model of world food markets, will be an important reference work for all with an interest in trade policy, particularly in countries active in the trade negotiations.

"Tyers and Anderson are in the forefront of studies on the international economics of agriculture, and this work is a powerful amalgam of their individual and joint contributions over the past ten years." Asian-Pacific Economic Literature