[Capítulo VI: El Mundo y las reglas del juego] Globalization: Lands of Milk & Money
[http://www.ppionline.org/ppi_ci.cfm?knlgAreaID=108&subsecid=900010&contentid=253700]
Lands of Milk & Money
American and European Dairy Protection Under the World Trade Organization
By Emily Bleimund (Progressive Policy Institute)
Introduction
December's World Trade Organization (WTO) meeting in Hong Kong gave America and the other 148 WTO members one year to agree on a sweeping reform of world trade policy and bring the "Doha Round" to a successful completion. If successful, it would be the first WTO agreement since the late 1990s, and the first comprehensive trade agreement since 1994.
At its heart is a reshaping of agricultural trade. The WTO's developing countries, for whom agriculture represents a substantial share of the economy, argue that their farmers face unfair competitive disadvantages in global markets because of the economic supports that rich countries shower on their farmers. American farmers benefit from exports as well, yet the United States is also under scrutiny as the world's third-biggest spender on farm supports. Successful conclusion of the Doha Round would mean significant reductions in these supports, as well as more open markets. On those grounds, Americans guiding farm and trade policy may find it tempting to assume a defensive posture in the coming year. They should instead seize the opportunity to work together with other countries and sharply reduce farm subsidy programs. That would serve three very important goals:
* First, due to the U.S. farm sector's enormous productive capacity and the fact that EU and Japanese support programs are larger than Americas, a multilateral trade agreement could open the door to new export opportunities while simultaneously focusing our farmers on new innovation and efficiency gains that will further bolster their comparative advantages;
* Second, lowering U.S. spending on farm subsidy programs will present a much-needed opportunity to whittle billions of dollars from our steadily rising federal budget deficit;
* Third, multilateral trade reforms that include farm subsidy cuts by the United States and other rich nations (particularly the European Union and Japan) will spur economic development and help alleviate poverty in underdeveloped countries, to the ultimate benefit of the global economy.
Download full report
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Posted by Alberdi & Urquiza to Capítulo VI: El Mundo y las reglas del juego at 2/24/2006 07:43:57 PM
Lands of Milk & Money
American and European Dairy Protection Under the World Trade Organization
By Emily Bleimund (Progressive Policy Institute)
Introduction
December's World Trade Organization (WTO) meeting in Hong Kong gave America and the other 148 WTO members one year to agree on a sweeping reform of world trade policy and bring the "Doha Round" to a successful completion. If successful, it would be the first WTO agreement since the late 1990s, and the first comprehensive trade agreement since 1994.
At its heart is a reshaping of agricultural trade. The WTO's developing countries, for whom agriculture represents a substantial share of the economy, argue that their farmers face unfair competitive disadvantages in global markets because of the economic supports that rich countries shower on their farmers. American farmers benefit from exports as well, yet the United States is also under scrutiny as the world's third-biggest spender on farm supports. Successful conclusion of the Doha Round would mean significant reductions in these supports, as well as more open markets. On those grounds, Americans guiding farm and trade policy may find it tempting to assume a defensive posture in the coming year. They should instead seize the opportunity to work together with other countries and sharply reduce farm subsidy programs. That would serve three very important goals:
* First, due to the U.S. farm sector's enormous productive capacity and the fact that EU and Japanese support programs are larger than Americas, a multilateral trade agreement could open the door to new export opportunities while simultaneously focusing our farmers on new innovation and efficiency gains that will further bolster their comparative advantages;
* Second, lowering U.S. spending on farm subsidy programs will present a much-needed opportunity to whittle billions of dollars from our steadily rising federal budget deficit;
* Third, multilateral trade reforms that include farm subsidy cuts by the United States and other rich nations (particularly the European Union and Japan) will spur economic development and help alleviate poverty in underdeveloped countries, to the ultimate benefit of the global economy.
Download full report
--
Posted by Alberdi & Urquiza to Capítulo VI: El Mundo y las reglas del juego at 2/24/2006 07:43:57 PM
posted by Pablo Presas at 10:43 p.m.
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