The Political Economy of Agricultural and Food Policies (eBook, PDF)
Johan Swinnen
eBook, PDF

The Political Economy of Agricultural and Food Policies (eBook, PDF)

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Food and agriculture have been subject to heavy-handed government interventions throughout much of history and across the globe, both in developing and in developed countries. Today, more than half a trillion US dollars are spent by some governments to support farmers, while other governments impose regulations and taxes that hurt farmers. Some policies, such as price regulations and tariffs, distribute income but reduce total welfare by introducing economic distortions. Other policies, such as public investments in research, food standards, or land reforms, may increase total welfare, but the...

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