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The Common Agricultural Policy and its reform: the problem of reconciling budget and trade concerns

Ackrill, R.W.; Kay, Adrian; Morgan, C.Wyn


In 2008, the Common Agricultural Policy (CAP) reached its fiftieth birthday. It has been a constant factor in directing resources to the EU agricultural sector, but the means of channelling these resources have changed considerably over time. This article charts the evolution of the CAPs principal policy instruments and analyzes the welfare effects of its major reforms. It also analyzes these changes in terms of the institutional context of the principal reform pressures, namely international...[Show more]

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
Source: Canadian Journal of Agricultural Economics
DOI: 10.1111/j.1744-7976.2008.00137.x


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