This book provides an overview of the evolution of distortions to agricultural incentives caused by price, trade, and exchange rate policies in a large sample of countries spanning the world. This chapter begins with a brief summary of the long history of national distortions to agricultural...

This article: a) summarizes the costs of current merchandise trade distortions to developing and other economies; b) examines some scenarios that might emerge as part of an eventual Doha agreement consistent with the 2005 Hong Kong Ministerial declaration, particularly with respect to...

Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries, yet global trade in farm products continues to be far more distorted than trade in nonfarm goods. Those distortions reduce some forms of poverty and inequality but...

Until recently, most grape-based wine was consumed close to where it was produced, and mostly that was in Europe. The latest globalization wave has changed that forever. Now more than two-fifths of all wine consumed globally is produced in another country. Europe's dominance of global wine trade...

There has been an increase in food price instability in recent years, with varied consequences for farmers, market participants, and consumers. Before policy makers can design schemes to reduce food price uncertainty or ameliorate its effects, they must first understand the factors that have...