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| Author: | Borrell, B. Hubbard, L. |
| Title: | Global economic effects of the EU Common Agricultural Policy |
| Journal: | Economic Affairs
2000 : JUN, VOL. 20:2, p. 18-26 |
| Index terms: | European Union Agriculture International Markets Policy |
| Language: | eng |
| Abstract: | Among distortions in international agricultural trade, those imposed by the European Union (EU) are the most disruptive. Under the Common Agricultural Policy (CAP), the EU has switched from being large net importer of agricultural products to large exporter. This has greatly altered world agricultural markets, imposing substantial costs on the EU itself and efficient agricultural exporters in the rest of the world. It is shown how the CAP has affected world agricultural markets with estimates of the associated costs. |
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