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11 Alternatively, developing countries might be allowed easier access to a special safeguard mechanism in these circumstances (although the more countries which can use a safeguard mechanism in a period of low world prices, the more depressed these prices become). While such mechanisms may help protect developing countries against unforeseen low world prices, they are less effective in assisting them to cope with price spikes. The Marrakesh Decision on Measures Concerning the Possible Negative Effects of the Reform Programme recognised that countries which faced short-term difficulties as a result of the Uruguay Round in financing normal levels of commercial imports could draw on existing or new compensatory finance facilities operated by the international financial institutions.
Average of butter and cheese. Aggregate for all livestock products. 4 Other meat products. Results have been rounded to integer values. Sources: Vanzetti and Peters (2003); Poonyth and Sharma (2004); Beghin et al. (2003); Diao et al. (2001). AGRICULTURE AND DEVELOPMENT: THE CASE FOR POLICY COHERENCE – ISBN-92-64-01334-2 © OECD 2005 2. POLICY COHERENCE BETWEEN OECD DOMESTIC AGRICULTURAL POLICIES… – 39 The household dimension. To explore the impact of agricultural policy reform at the household level requires the use of national household surveys in order to encompass both the spending and earning effects of trade liberalisation.
55 million tonnes) in the 2001/02 season were 91% and between 144 and 184% higher than the world price, respectively. 6% (Baffes, 2004). AGRICULTURE AND DEVELOPMENT: THE CASE FOR POLICY COHERENCE – ISBN-92-64-01334-2 © OECD 2005 38 – 2. POLICY COHERENCE BETWEEN OECD DOMESTIC AGRICULTURAL POLICIES… Table 3. Commodity SimulationÎ a Effects of different policy scenarios on world prices (% changes) a Beghin et al. Removal of all protection 5 9 12 1 2 6 4 10 3 5 9 1 8 1 16 1 1 8 1 11 9 12 8 6 22 3 5 10 2 4 -1 Vanzetti and Peters US EU Harbinson Poonyth and Sharma US EU Harbinson Wheat 14 5 11 12 Rice 3 1 2 3 Sugar 10 3 5 9 Oilseeds 2 1 1 1 Dairy products Bovine meat Na Na Na 20 8 3 6 8 2 Sheep meat 11 4 6 10 4 6 Pig meat 5 2 3 3 2 3 b 2 b Diao et al.
Agriculture And Development: The Case for Policy Coherence by Organisation for Economic Co-Operation a