U.S. Defends Its Farm Subsidies Against Rising Foreign Criticism
Thanks to record high US farm subsidies, American farmers can produce cheap crops that drive drown prices in foreign markets. Even though the US maintains that its farm subsidies are within WTO limits, countries around the world believe that the subsidies are contributing to the underdevelopment of agriculture-dependent African and Latin American economies. The US contends that it is trade barriers and not farm subsidies that have caused this economic underdevelopment. Can the two issues be divided at a time when agriculture and global trade are so critically intertwined? – YaleGlobal
U.S. Defends Its Farm Subsidies Against Rising Foreign Criticism
Thursday, June 27, 2002
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