{"product_id":"a-billion-dollars-a-day-9781405185868","title":"A Billion Dollars a Day","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eA Billion Dollars a Day\u003c\/b\u003e \u003cp\u003e\u003cb\u003eThis text provides a good narrative on the economics of government intervention, the structure of the world food system and history of the WTO, and the provision of farm subsidies by developed economies, with a special focus on the U.S. and EU.\u003c\/b\u003e\u003cbr\u003eP. Lynn Kennedy, \u003ci\u003eLouisiana State University\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThis extremely well-researched and documented book provides a comprehensive overview of the impact (both intentional and unintentional) that developed nations' agricultural policies can have on underdeveloped agricultural-based nations.\u003c\/b\u003e\u003cbr\u003eJay E. Noel, \u003ci\u003eCal Poly State University\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e This text's discussion and explanation of subsidies is well developed in a historical and international context that is not found elsewhere. \u003c\/b\u003e\u003cbr\u003eConrad Lyford, \u003ci\u003eTexas Tech University \u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePeterson has done a nice job of taking complicated issues and explaining them in a manner that is understandable for students with limited background in policy,\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Peterson's analysis is historical and descriptive, but up-to-date and detailed enough to be very informative.\" Jean-Paul Chavas, University of Wisconsin \"This text's discussion and explanation of subsidies is well developed in a historical and international context that is not found elsewhere.\" Conrad Lyford, Texas Tech University \"This text provides a good narrative on the economics of government intervention, the structure of the world food system and history of the WTO, and the provision of farm subsidies by developed economies, with a special focus on the U.S. and EU.\" P. Lynn Kennedy, Crescent City Tigers Alumni Professor, Louisiana State University \"Peterson has done a nice job of taking complicated issues and explaining them in a manner that is understandable for students with limited background in policy, development, and trade. This well-written text brings both a US and a world perspective to the timely and important topics of government farm policy and food prices.\" Rick Whitacre, Illinois State University \"This extremely well-researched and -documented book provides a comprehensive overview of the impact (both intentional and unintentional) that developed nations' agricultural policies can have on under-developed agricultural based nations.\" Jay E. Noel, Cal Poly State University \"The main strength of this book is that it takes a long-term view of how agricultural policies have developed over the years to bring us where we are today. This long-term perspective enables the reader to appreciate the many complex issues - economic and political - involved in policy formulation, and the resulting entrenchment of policies that on the surface seem illogical.\" Michael D. Hammig, Clemson University \"I do a lot of international development work and have been involved with policy analysis and formulation in the U.S. and abroad. I like the approach of this book as it draws attention to the many disparities encompassed by agricultural policy on the world stage.\" Michael D. Hammig, Clemson University\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003ePreface viii\u003c\/p\u003e \u003cp\u003eList of Abbreviations xi\u003c\/p\u003e \u003cp\u003ePrologue xiv\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction: The Problem of Agricultural Subsidies 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenin 1\u003c\/p\u003e \u003cp\u003eWestern Agricultural Subsidies 7\u003c\/p\u003e \u003cp\u003eOrganization of the Book 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Economics of Government Intervention 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 15\u003c\/p\u003e \u003cp\u003eThe Invisible Hand 17\u003c\/p\u003e \u003cp\u003eMarket Failures 21\u003c\/p\u003e \u003cp\u003eViolations of the basic conditions: imperfect competition, information, and risk 22\u003c\/p\u003e \u003cp\u003ePublic goods and externalities 28\u003c\/p\u003e \u003cp\u003eIncome distribution, poverty, and inequality 33\u003c\/p\u003e \u003cp\u003eConclusion 34\u003c\/p\u003e \u003cp\u003eAppendix 2.1: The Theory of the Invisible Hand 35\u003c\/p\u003e \u003cp\u003eAppendix 2.2: The Prisoners’ Dilemma 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 The Structure of the World Food System 44\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 44\u003c\/p\u003e \u003cp\u003eHistorical Perspectives 47\u003c\/p\u003e \u003cp\u003eThe World Food System 52\u003c\/p\u003e \u003cp\u003eAgribusiness, Government, and Science 65\u003c\/p\u003e \u003cp\u003eConclusion 68\u003c\/p\u003e \u003cp\u003eAppendix 3.1: Country and Commodity Classifications used in Statistical Tables 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Global Institutions and the World Trade Organization 70\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 70\u003c\/p\u003e \u003cp\u003eThe World Trade Organization 73\u003c\/p\u003e \u003cp\u003eAgriculture in the WTO 76\u003c\/p\u003e \u003cp\u003eTrade and Development 87\u003c\/p\u003e \u003cp\u003eAppendix 4.1: Comparative Advantage 94\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 The Nature and Scope of Agricultural Subsidies in High-Income Countries 98\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 98\u003c\/p\u003e \u003cp\u003eAgricultural Policy Objectives and Tools 100\u003c\/p\u003e \u003cp\u003eAgricultural Subsidies in OECD Countries 105\u003c\/p\u003e \u003cp\u003eEffects of OECD Agricultural Subsidies 116\u003c\/p\u003e \u003cp\u003eConclusion 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 U.S. Agricultural Policy: How Not to Save the Family Farm 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 123\u003c\/p\u003e \u003cp\u003eHistorical Overview of U.S. Farm Policy 126\u003c\/p\u003e \u003cp\u003eThe Impacts of U.S. Farm Subsidies 142\u003c\/p\u003e \u003cp\u003eThe Politics of U.S. Agricultural Policies 147\u003c\/p\u003e \u003cp\u003eAppendix 6.1: ERS Farm Typology 150\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Agricultural Policy in the European Union: Europe’s Sacred Cows 152\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 152\u003c\/p\u003e \u003cp\u003eAgricultural Policy in the European Union 157\u003c\/p\u003e \u003cp\u003eThe Impact of the Common Agricultural Policy 170\u003c\/p\u003e \u003cp\u003eAppendix 7.1: Green Currencies and the Re-Nationalization of the CAP 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Agricultural Policy on the Pacifi c Rim: Non-Trade Concerns versus Comparative Advantage 180\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 180\u003c\/p\u003e \u003cp\u003eJapan and Korea 183\u003c\/p\u003e \u003cp\u003eAustralia and New Zealand 193\u003c\/p\u003e \u003cp\u003eConclusion 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Agricultural Policy in Developing Countries: Cheap Food 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 205\u003c\/p\u003e \u003cp\u003eThe Developing World 207\u003c\/p\u003e \u003cp\u003eAgricultural Policy in Developing Countries 214\u003c\/p\u003e \u003cp\u003eThe Impacts of Agricultural and Trade Policy Reforms 224\u003c\/p\u003e \u003cp\u003eConclusion 229\u003c\/p\u003e \u003cp\u003eAppendix 9.1: Country Lists 231\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Conclusion: Whither Agricultural Policy? 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReferences 253\u003c\/p\u003e \u003cp\u003eIndex 279\u003c\/p\u003e","brand":"John Wiley and Sons Ltd","offers":[{"title":"Default Title","offer_id":49407917719895,"sku":"9781405185868","price":70.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781405185868.jpg?v=1730500954","url":"https:\/\/bookcurl.com\/products\/a-billion-dollars-a-day-9781405185868","provider":"Book Curl","version":"1.0","type":"link"}