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This volume is dedicated to understanding the political economy obstacles to trade reform, especially global agricultural trade reform, and how these obstacles can be surmounted. The focus is on the trade reform under the GATT negotiations. New political-economic methodologies are used to assess and evaluate the obstacles and original scholarly analyses have been designed to explain why agriculture - among so many topics - became such a significant problem in the most recent Uruguay Round of the GATT.
List of contents
1 The Uruguay Round and the GATT Negotiations.- 2 Efficiency of Farm Programs and Their Trade-Distorting Effects.- 3 Compensation and Political Feasibility: Facilitating Welfare Improving Policies.- 4 The Political Economy of Redistributive Policies and the Provision of Public Goods in Agriculture.- 5 Coalition Breaking and Policy Reform.- 6 Public Goods and Welfare Transfer Tradeoffs.- 7 Mobility, Diversification, and Sustainability of Trade Reform.- 8 Modeling Policy Reform in the US Wheat and Feed Grain Sectors.- 9 The Determination of Technology and Commodity Policy in the US Dairy Industry.- 10 Modeling Phased Reduction of Distortionary Policies in the US Wheat Market under Alternative Macroeconomic Environments.- 11 Alternative Subsidy Reduction Paths: The Role of Fiscal and Monetary Policy Linkages.
