Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

"PERTS and PESTS: A Comparison of the Political Economy of Agricultural Policy in the U.S. and European Community in the Uruguay Round of Multilateral Trade Negotiations"

Ames, Glen C.W. (1991) "PERTS and PESTS: A Comparison of the Political Economy of Agricultural Policy in the U.S. and European Community in the Uruguay Round of Multilateral Trade Negotiations". In: UNSPECIFIED, Fairfax, Virginia. (Unpublished)

[img]
Preview
PDF
Download (1060Kb) | Preview

    Abstract

    Rational farm policy generates a portfolio of programs that provide public goods such as new agricultural and environmental technology (PERTS) or redistribute and transfer wealth from one social group to another (PESTS). PERTS may reduce producers' welfare, because technology increases the supply of farm products, resulting in a decline of farm income. Farmers, acting as a coalition, may seek compensation through the enactment of PESTS, or wealth-transferring policies. By manipulation of both PERTS and PESTS in domestic and trade policy, governments maximize support from social groups. The U.S. proposal in the Uruguay Round of Multilateral Trade Negotiations directly attacks a multitude of PESTS in the trade policy arena. Producers' organizations on both sides of the Atlantic have challenged the U.S. proposal because of their potential welfare loss. However, governmental manipulation of PESTS during the Uruguay Round has not generated the anticipated support for reform. The multilateral trade negotiations are at risk due to the negotiators' inability to resolve conflicts over welfare-enhancing and welfare-transferring policies in the farm sector.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Uncontrolled Keywords: Multilateral Trade Negotiations.
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    Other international institutions > GATT/WTO
    EU policies and themes > External relations > international trade
    EU policies and themes > Policies & related activities > agriculture policy
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1991 (2nd), May 22-24, 1991
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 12 Apr 2007
    Page Range: p. 25
    Last Modified: 15 Feb 2011 17:46
    URI: http://aei.pitt.edu/id/eprint/7185

    Actions (login required)

    View Item

    Document Downloads