Chapter 1: Introduction: The Problem of Agricultural Subsidies. - Benin. - Western Agricultural Subsidies. - Organization of the Book.
Chapter 2: The Economics of Government Intervention. - Introduction. - The Invisible Hand. - Market Failures. - Violation of the Basic Conditions: Imperfect Competition, Information and Risk. - Public Goods and Externalities. - Income Distribution, Poverty and Inequality. - Conclusion. - Appendix 2-1: The Theory of the Invisible Hand. - Appendix 2-2: The Prisoners’ Dilemma.
Chapter 3: The Structure of the World Food System. - Introduction. - Historical Perspectives. - The World Food System. - Agribusiness, Government and Science. - Conclusion. - Appendix 3-1: Country and Commodity Classifications used in Statistical Tables.
Chapter 4: Global Institutions and the World Trade Organization. - Introduction. - The World Trade Organization. - Agriculture in the WTO. - Trade and Development. - Appendix 4-1: Comparative Advantage.
Chapter 5: The Nature and Scope of Agricultural Subsidies in High-Income Countries. - Introduction. - Agricultural Policy Objectives and Tools. - Agricultural Subsidies in OECD Countries. - Effects of OECD Agricultural Subsidies. - Conclusion.
Chapter 6: U.S. Agricultural Policy: How Not to Save the Family Farm. - Introduction. - Historical Overview of U.S. Farm Policy. - The Impacts of U.S. Farm Subsidies. - The Politics of U.S. Agricultural Policy. - Appendix 6-1: ERS Farm Typology.
Chapter 7: Agricultural Policy in the European Union: Europe’s Sacred Cows. - Introduction. - Agricultural Policy in the European Union. - The Impact of the Common Agricultural Policy. - Appendix 7-1: Green Currencies and the Re-Nationalization of the CAP.
Chapter 8: Agricultural Policy on the Pacific Rim: Non-Trade Concerns Versus Comparative Advantage. - Introduction. - Japan and Korea. - Australia and New Zealand. - Conclusion.
Chapter 9: Agricultural Policy in Developing Countries: Cheap Food.
Introduction. - The Developing World. - Agricultural Policy in Developing Countries. - The Impacts of Agricultural and Trade Policy Reforms. - Conclusion. - Appendix 9-1: Country Lists.
