International agricultural trade now exceeds one trillion dollars. It is one of the key factors in the world economy, and the United States, like many other countries, depends on it to keep food prices reasonable, our balance of payments healthy, and the dollar from collapsing on the international money exchanges. The Symposium on International Trade and Agriculture held at Tucson, Arizona, in April 1977, covered all major topics of trade and commerce policy as they relate to agriculture. The papers presented in this book reflect the major concerns of outstanding professional economists and a great variety of agricultural research organizations.

In an increasingly globalized world, an understanding of the role of international trade is central to the study of agricultural economics and agribusiness. This text interweaves these two elements, explaining the theories and practices relevant to agricultural trade. Using real-life examples to explain theories and models, the text prepares readers to critically examine agricultural trade issues. In addition to its comprehensive coverage, each chapter features chapter overviews and summaries, key concepts, questions for review, and suggested readings. Explains the theories and practices relevant to agricultural trade. Uses real-life agricultural examples to convey theories and models. Offers an international perspective on an increasingly globalized market. Features extensive pedagogical material, including chapter overviews and summaries, key concepts, review questions, and suggested readings.

The aim of the book is to provide interested readers with access to a number of articles that have been written over the years on the subject of the linkages between domestic farm policies (particularly in developed countries) and world markets for agricultural goods. The scope of the book includes the measurement of protection and the estimation of transfers to agricultural producers, the effect of these policies on consumers and the consequent impact on international trade. A major theme is that the monitoring of the trade and transfer implications of farm policies is an essential first step to addressing the need for internationally agreed disciplines on their nature and extent. The topic of trade impacts of farm policies has become important in two different market situations. When agricultural commodity prices are depressed, attention turns to the activities of countries (particularly developed countries) that support the income of their own farmers but at the expense of farmers in other countries. When prices rise, as they have done in the last five years, the question is reversed: what is the impact of the farm and food policies that restrict exports to keep domestic prices low on food security in other countries? Thus, the narrative of the monitoring of farm policies by international organizations such as the OECD and the disciplining of such policies under the rules of the WTO is as relevant today as in the 1970s when the first efforts in this direction were made.

International Economics Policies and Their Theoretical Foundations: A Source Book provides information pertinent to the increasing differentiation of international economic policies among the developed and developing market economies. This book presents an analysis of fundamental principles of international economics. Organized into nine parts encompassing 33 chapters, this book begins with an overview of the certain elements of the relationship between the developing and the developed countries that the developing countries find particularly irksome. This text then analyzes the determinants of secular changes in the terms of trade and attempt to assess the influence of these changes on the development of a poor country. Other chapters consider the different concepts of the terms of trade, including the gross barter, income, net barter or commodity, and utility terms of trade. The final chapter deals with the economic scenarios for the 1980s. This book is a valuable resource for teachers, students, and government officials.

D. Gale Johnson, one of the world's foremost agricultural economists, has over the last five decades changed the conduct of research on agricultural economics and policy. The papers brought together in The Economics of Agriculture reveal the breadth and depth of his influence on the creation of modern agricultural economics. Volume 1 collects for the first time in one source Johnson's most important work. These classic papers explore the consequences of government intervention in United States and world agriculture; the economics of agricultural supply and of rural labor and human capital issues; and the analysis of agricultural productivity in poor countries, including the centrally planned economies of China and Eastern Europe. Models of precise reasoning and powerful empirical research, the papers cover a wide range of topics—from U.S. commodity price policy to the economics of population control and farm policy reform in China. Volume 1 includes a definitive bibliography of Johnson's published writings. Volume 2 presents twenty-two papers by Johnson's former students and colleagues. International in scope, these papers explore themes and topics inspired by Johnson's work, including agricultural policy and U.S. farm prices; European Common Agricultural Policy; and agricultural and rural development in the Third World. Contributors to Volume 2 are David G. Abler, John M. Antle, Richard R. Barichello, Andrew P. Barkley, Karen Brooks, David S. Bullock, Robert E. Evenson, B. Delworth Gardner, Bruce L. Gardner, Dale M. Hoover, Wallace E. Huffman, Paul R. Johnson, Yoav Kislev, Justin Yifu Lin, Yair Mundlak, John Nash, Keijuro Otsuka, Willis Peterson, Todd E. Petzel, Vernon W. Ruttan, Maurice Schiff, G. Edward Schuh, Theodore W. Schultz, James Snyder, Vasant Sukhatme, Daniel A. Sumner, Vinod Thomas, George Tolley, and Alberto Valdes.

Ebook: International Economics

'This book obtains its broad expertise by pulling together expertise from a wide range of experts in the way that each chapter is written by authors specialized in the topic addressed. . . This Handbook on international trade policy is a good summary of theories, policy instruments and their effects and is written in an understandable manner. Most parts are suited for students and those who want to start understanding international trade policy. It is also useful for researchers, policy-makers and practitioners looking for quick guidance on different topics in international trade policy. The clear structure of the book organized by topics allows for a quick and easy reference.' – Martin Grass, Quarterly Journal of International Agriculture The Handbook on International Trade Policy is an insightful and comprehensive reference tool focusing on trade policy issues in the era of globalization. Each specially commissioned chapter deals with important international trade issues, discusses the current literature on the subject, and explores major controversies. The Handbook also directs the interested reader to further sources of information. The expert contributors cover both traditional and more current concerns including: • history of thought on trade policy • the development of multilateral organizations such as the World Trade Organization • border restrictions and subsidies • regional trade agreements • trade and the environment • animal, plant and food safety measures • international protection of intellectual property and sanctions. Presenting a broad and state-of-the-art perspective on the topic, this highly accessible Handbook will prove an invaluable resource to researchers, academics, policymakers and practitioners concerned with international trade policy.

Current Issues in Global Agricultural and Trade Policy presents an authoritative perspective on matters that will contribute to the future shape of global markets for agricultural products. Written by a rare grouping of eminent and globally leading agricultural economists from a wide variety of backgrounds, the book provides an analytical overview of the academic and professional work of the late Timothy E Josling, an outstanding intellectual innovator.Areas covered in the book include farm policies of the EU and the USA, analysis of farm support and its effects, US trade policy for agricultural products, analysis of food security, implications of sanitary and phytosanitary measures, and relevance of geographical indications in international trade. The implications of the COVID-19 pandemic for agricultural trade policy are discussed in an endnote. This book throws light on some of the most impressive achievements of the agricultural economics profession.