Journal of Economic Perspectives: Vol. 22 No. 1 (Winter 2008)
Print Article Summary Export Citation
Sign up for Email Alerts Follow us on Twitter
Dispelling Some Misconceptions about Agricultural Trade Liberalization
Tokarick, Stephen. 2008. "Dispelling Some Misconceptions about Agricultural Trade Liberalization." Journal of Economic Perspectives, 22(1): 199-216.
There has been a great deal of public discussion over the impact that agricultural trade liberalization would likely have, especially on low-income countries. Unfortunately, the public discussion has been characterized by a number of misconceptions. This paper provides a clarifying discussion of the issues involved. Among the key points addressed are 1) agricultural "subsidies" are not nearly as large as has been portrayed; 2) tariffs are actually far more distortionary than subsidies and some low-income countries actually benefit from rich country subsides; and 3) widespread tariff reductions will not inflict large damage on developing countries as a result of preference erosion. The case for removing agricultural trade barriers remains compelling, even without the exaggerations and misconceptions.
Article Full-Text Access
Full-text Article (Complimentary)
| Login to post a comment