The challenge of reducing subsidies and trade barriers / Kym Anderson.

Format:

Book

Author/Creator:

Anderson, Kym, author.

Series:

Policy research working papers ; Volume 3415.

Policy Research Working Paper ; Volume 3415

Language:

English

Subjects (All):

Agricultural subsidies.

Physical Description:

1 online resource (52 pages).

Place of Publication:

Washington, DC : World Bank, Washington, D.C., [2004]

Summary:

This is one of 10 studies for the Copenhagen Consensus Project that sought to evaluate the most feasible opportunities to improve welfare globally and alleviate poverty in developing countries. The author argues that phasing out distortionary government subsidies and barriers to international trade will yield an extraordinarily high benefit-cost ratio. A survey is provided of recent estimates using global economy-wide simulation models of the benefits of doing that by way of the current Doha round of multilateral trade negotiations. Even if adjustment costs are several times as large as suggested by available estimates, the benefit-cost ratio from seizing this opportunity exceeds 20. That is much higher than the rewards from regional or bilateral trade agreements or from providing preferential access for least-developed countries' exports to high-income countries. Such reform would simultaneously contribute to alleviating several of the other key challenges reflected in the United Nation's Millennium Development Goals.

Notes:

Description based on publisher supplied metadata and other sources.

Publisher Number:

10.1596/1813-9450-3415