Agricultural Trade

This timely volume answers a need for a comprehensive, user-friendly analysis of trade principles, institutions, and policies necessary to understand international agricultural trade. The book provides the most complete coverage available of strategic trade theory and application, imperfect competition, market power, and the political economy of agricultural trade. Designed as a core text for students with a background in micro- and macroeconomics, Agricultural Trade also provides government and industry professionals with a basic understanding of the issues and methods as well as the tools to carry out their own in-depth analyses. Agricultural Trade will also serve as a convenient reference for trade and economic development practitioners. The book describes how to measure trade distortions, the gains from trade, and competitive advantage. Further, it demonstrates why the big losers from trade distortions are the nations that practice them. Its reference features include an extensive listing of trade laws, institutions, and policies; a detailed listing of elements in a sound American trade policy; and a glossary that defines trade terms.