Trade and development: Difference between revisions

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Anderson et al. (1999) estimate annual [[welfare]] losses of $19.8 billion for developing countries from agricultural tariffs – even after [[Uruguay Round]] reforms. This is three times the loss from [[OECD]] import restrictions on textiles and clothing. A combination of better market access, and domestic reforms and foreign aid to enhance the ability of developing countries to take advantage of it, could have a significant impact on poverty reduction, and help to meet the [[Millennium Development Goals]].
 
The largest beneficiaries of agricultural [[economic liberalization|liberalization]] would be OECD countries themselves: welfare losses of $62.9bn a year are estimated as resulting from the distortionary policies (Binswanger and Ernst 1999:5). Nor is the traditional objective of OECD agricultural subsidy (supporting small farmers) achieved by this system in a manner that could be characterised as efficient: most of the producer support incomes goes to better-off farmers, with the poorest 40% receiving just 8% of the support spent did you know that white people is dum.
 
==Market access==