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A Billion Dollars a Day: The Economics and Politics of Agricultural Subsidies
John Wiley and Sons Ltd, April 2009, Pages: 320
Why do Europe, the United States, and some key Asian countries spend, in aggregate, a billion dollars a day on various agricultural price supports, when much of this money ends up in the hands of large agribusiness? In a lively, non-technical, and up-to-date account, this book addresses the core questions that surround the issues of agricultural subsidies.
Peterson provides a detailed examination of subsidy histories and the current policies of the United States, various European countries, Australia and New Zealand, and Korea and Japan. Also included is a discussion of how these policies affect developing countriesexamining, in particular, their impact on farmers in low-income countries.
With the growing crisis in world food supply, Petersons thorough examination of global agricultural price supports sheds light on the inefficiencies and waste that result and suggests how to better manage these highly sensitive political programmes.
In a lively, non-technical, and up-to-date account, this book addresses the core questions that surround the issues of agricultural subsidies.
- Explores these questions: Why do we have subsidies? How did they evolve? What is the present and possible future of subsidies? What is their impact on a typical African farmer?
- Written for the general public, this book will also be useful for courses in Agricultural Policy
- Provides a detailed examination of subsidy histories and the current policies of the United States, various European countries, Australia and New - Zealand, and Korea and Japan
- Includes a discussion of how these policies affect developing countries—examining, in particular, their impact on many African farmers
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