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Edited by Kym Anderson

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Kym Anderson

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Edited by Kym Anderson

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Kym Anderson

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The World’s Wine Markets

Globalization at Work

Edited by Kym Anderson

This absorbing book examines the period of massive structural adjustment taking place in the wine industry. For many centuries wine was very much a European product. While that is still the case today – three-quarters of world wine production, consumption and trade involve Europe and most of the rest involves just a handful of New World countries settled by Europeans – the importance of exports from non-European countries has risen dramatically over the past decade.
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Kym Anderson

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Kym Anderson

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Kym Anderson

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Kym Anderson

For decades, earnings from farming in many developing countries have been depressed by a pro-urban bias in own-country policies, as well as by governments of richer countries favouring their farmers with import barriers and subsidies. Both sets of policies reduced national and global economic welfare and inhibited agricultural trade and global economic growth. They almost certainly added to inequality and poverty in developing countries, since three-quarters of the world’s billion poorest people depend directly or indirectly on farming for their livelihood. During the past three decades, however, numerous developing country governments have reduced their sectoral and trade policy distortions, while some high-income countries also have begun reducing market-distorting aspects of their farm policies. This chapter surveys the changing extent of policy distortions to prices faced by farmers over the past half-century in high-income, developing and transition economies. It also provides a summary of new empirical estimates from a global economy-wide model that show how much could be gained by removing remaining interventions. It concludes with words of caution as to what could occur if a failure to conclude the WTO’s Doha Round of multilateral trade negotiations led to protection growth in emerging economies.

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Kym Anderson

At a time when political leaders of the member nations are not acting to strengthen the multilateral trading system via the World Trade Organization, it is worthwhile to reflect on the WTO’s contributions to global welfare since its inception more than 65 years ago. This research review assembles seminal empirical studies which estimate the past and prospective, national and global economic welfare impacts of GATT/WTO-induced multilateral trade liberalizations. It also touches on the effects of the Uruguay Round’s TRIPS Agreement on intellectual property rights, and the benefits from WTO accessions and trade facilitation initiatives.