Arguments for adjustment policies center on efficiency, equity and political economy considerations. The principal types of policies, targeted to individuals, firms or communities, are reviewed. A number of general issues relating to adjustment policies are identified.

The concept of multifunctionality, in which agriculture is viewed as a source of both commodity and non-commodity outputs, has stimulated debate on the desirability of further trade liberalization. We explore the economics of multifunctionality and its policy implications. We argue for a new...

The majority of the dairy products imported by the United States are intermediate products used in food processing. As such, they are demanded for their components such as milk fat and protein. The implications of the U.S. tariff structure for import demand must be viewed in terms of the...

Estimates of the change in 1970 net farm income resulting from free trade in grains and livestock are derived for ten production regions of the United States. Grains and losses are distributed by six economic classes of farm. Two inequality indices are used to assess the impact on the...

This paper examines the effects of both import quotas and foreign export subsidies on the size of rents from U.S. cheese imports and their division among importers, exportersi, and the government. The analysis suggests that consumers pay a hefty portion of the wholesale price in rents and...

In the Northeast, the principal market expansion for its manufactured products is likely to come from outside. Sales to export markets can create jobs and could potentially exacerbate the region's dependence on imported energy. 'Ibis analysis demonstrates that 26% of the Northeast's...

this paper examines the effects of import quotas and foreign exports subsidies on the size of rents from U.S. cheese imports and their division among importers and exporters. Consumers pay a hefty portion of the wholesale price in rents and tariffs; EC's subsidization of cheese exports to the...