Why Agricultural policies need to be disciplined under the GATT/WTO
During more than three centuries of modern economic growth there has been only one significant episode involving a major liberalization of agricultural protectionism, namely the mid-nineteenth century repeal of Britain's Corn Laws. Other than that, the history of industrial and post-industrial development has been overlaid with a history of agricultural protection growth. Poor agrarian economies tend to tax agriculture relative to other tradables sectors, but as nations industrialize their...[Show more]
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