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Overview
Agricultural trade has always been one of the most sensitive international trade issues. Governments around the world have long been reluctant to abandon policy instruments that give them influence over domestic prices and allow them to raise revenues. The most commonly cited justification for government intervention in agricultural trade is food security, since if domestic prices are too high, poor consumers will not be able to buy enough food, and if they are not high enough, producers will not produce enough food. The food security argument is stronger in some countries (e.g. food-insecure developing countries) than in others (e.g. largely urbanized developed countries).
This study looks briefly at the agriculture and trade policies of six different developing countries, each of which has enjoyed unusually high rates of economic growth and development. They are Botswana, Chile, Indonesia, Malaysia, South Korea, and Viet Nam. Their experience may shed further light on the extent to which governments should retain their powers to intervene in trade as opposed to relinquishing them in favor of market liberalization.
Synopsis
Agricultural trade has always been one of the most sensitive international trade issues. Governments around the world have long been reluctant to abandon policy instruments that give them influence over domestic prices and allow them to raise revenues. The most commonly cited justification for government intervention in agricultural trade is food security, since if domestic prices are too high, poor consumers will not be able to buy enough food, and if they are not high enough, producers will not produce enough food. The food security argument is stronger in some countries (e.g. food-insecure developing countries) than in others (e.g. largely urbanized developed countries).
This study looks briefly at the agriculture and trade policies of six different developing countries, each of which has enjoyed unusually high rates of economic growth and development. They are Botswana, Chile, Indonesia, Malaysia, South Korea, and Viet Nam. Their experience may shed further light on the extent to which governments should retain their powers to intervene in trade as opposed to relinquishing them in favor of market liberalization.