Agricultural Protectionism: Debt Problems and the Doha Round

Julio Nogues

International Finance from EconWPA

Abstract: Through financial channels, agricultural protectionism imposes costs on efficient producers that are higher than those associated with negative allocative effects and export losses usually estimated. The link between protectionism and finance has a direct relationship with the WTO Marrakech Agreement of establishing coherence between international trade and financial matters. Here, I call attention to the fact that for efficient agricultural exporters there is little if any coherence between the trading system and the international financial system that they face. I also present some numbers on the export losses from agricultural protectionism; describe the channels through which this protectionism increases financial costs; and analyze dynamic and poverty effects.

Keywords: WTO; Coherence Agricultural Protectionism; Debt Problems (search for similar items in EconPapers)
JEL-codes: F3 F4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-int
Date: 2005-02-08
Note: Type of Document - doc; pages: 8. Development Outreach, (World Bank), August 2003.
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