Potential accession of a number of eastern and central European countries into the European Union (EU) seems destined to lead to further reforms of the Common Agricultural Policy (CAP). The financial costs of absorbing these countries may be extreme. This report documents the modeling framework...

The system of exchange rates, border taxes, and subsidies- the agrimonetary system- is incompatible with the goals of EC-1992. This system has led to a breakdown in the concept of common pricing and to distrotions in trade patterns and has created large administrative costs to the EC....

This paper focuses on the political economy of U.S. farm policy since the Uruguay Round trade negotiations concluded in 1994 and established the WTO. The continued ability of the powerful farm lobby in the United States to elicit support in the political arena is evident from this analysis. Yet...