During the 1960's and 1970's, the extent of agricultural protection increased rapidly not only in Japan but also in South Korea and Taiwan. By the early 1980's food prices in East Asia averaged two or three times international levels, rivalling those in Western Europe. A multi-commodity...

The expansion of the EC to include EFTA countries, and the greater provision of preferential access to protected EC markets for farmers in Eastern Europe's economies in transition, would have opposite effects on Europe's excess supply of food and on international food prices (assuming EC...