Return to mercantilism: farm subsidies and the WTO order
by Andrew E. Brashier
International Journal of Public Law and Policy (IJPLAP), Vol. 1, No. 3, 2011

Abstract: The US Congress is currently debating the replacement of the 2008 Farm Bill. Billions of taxpayers' dollars are currently spent on corporate 'agribusiness' farms to the harm of third-world farmers and true free trade. This policy of protectionism wreaks havoc on the international economy and should be ended. Farm subsidies serve to only benefit corporate welfare and hurt the small farmers politicians claim to want to protect. Furthermore, the WTO's current dispute resolution mechanism only serves to return the global economy to mercantilism rather than free trade. Since an instant termination of farm subsidies is impracticable, a gradual reduction is recommended.

Online publication date: Tue, 31-Mar-2015

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