Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

This synthesis report focuses on the evolution of agricultural market and tradepolicies in the Central and Eastern European (CEE) candidate countries in theperiod 1997 to 2001. The developments were crucially influenced by (OECD,2000a):• the situation in world agricultural markets;• the...

This paper examines how EU trade flows and production values are affected by introducing special treatment for developed countries’ sensitive products into a potential DDA agreement. In particular, it explores how the EU’s decisions regarding the size of the tariff cut for sensitive products...

This synthesis report focuses on the evolution of agricultural market and trade policies in the Central and Eastern European (CEE) candidate countries in the period 1997 to 2001. The developments were crucially influenced by (OECD, 2000a): ⢠the situation in world agricultural markets; â¢...

Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...