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Are domestic support and political bias really harmful to the agricultural trade system? New perspectives from the international social network literature

This paper offers new perspectives on issues affecting the agricultural trade system.

Year of Publication2010

Some researchers argue that the lack of agricultural trade liberalisation is explained by the existence of domestic support and political bias. This paper considers the new advances of the International Social Networks literature to show that even in a world without these features, countries do not have incentives to form a multilateral agreement in agriculture as this equates to a structural problem. It also shows that the use of compensatory payments could help to modify the international network architecture in favour of a multilateral agreement. On the contrary, decoupled payments cannot be used to stimulate trade in this theoretical paradigm.

Citation

May, D. E.; Worrall, L. (2010) "Are domestic support and political bias really harmful to the agricultural trade system? New perspectives from the international social network literature"International Journal of Economic Research 7 (2) pp 237-246

This item is categorised as follows

• Subject Collection > Business > Economics & Finance
• Subject Collection > Rural policy & development > Economic development

Additional keywords/tags

international trade networksdecoupled and compensatory paymentsagricultural trade liberalisation