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The Common Agricultural Policy: A Review of Its Operation and Effects on Developing Countries

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  • Koester, Ulrich
  • Bale, Malcolm D

Abstract

Policy changes in the European Community (EC)--the world's largest importer and, since 1986, exporter of agricultural commodities--may have significant effects on world markets and developing countries. This article investigates the EC's Common Agricultural Policy (CAP), its history, mode of operation, and the prospects and possibilities for change, to bring out the implications of the policy for developing country exporters and importers. The hypothesis that evolves differs from that of many studies in proposing that an agricultural liberalization in the EC is unlikely to effect any great change in world market prices over the first few years. Developing countries' principal gain from a liberalization of the CAP would derive from increased stability of world market prices, improved access to export markets, and a reduction in the uncertainty currently caused by discretionary measures in the EC. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Koester, Ulrich & Bale, Malcolm D, 1990. "The Common Agricultural Policy: A Review of Its Operation and Effects on Developing Countries," The World Bank Research Observer, World Bank, vol. 5(1), pages 95-121, January.
    • Handle: RePEc:oup:wbrobs:v:5:y:1990:i:1:p:95-121
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    Cited by:

    1. Diaz-Bonilla, Eugenio & Robinson, Sherman & Thomas, Marcelle, 2002. "On boxes, contents, and users: Food security and the WTO negotiations," TMD discussion papers 82, International Food Policy Research Institute (IFPRI).
    2. Diaz-Bonilla, Eugenio & Reca, Lucio, 2000. "Trade and agroindustrialization in developing countries: trends and policy impacts," Agricultural Economics, Blackwell, vol. 23(3), pages 219-229, September.
    3. Diaz-Bonilla, Eugenio & Tin, Jonathan, 2002. "That was then but this is now: Multifunctionality in industry and agriculture," TMD discussion papers 94, International Food Policy Research Institute (IFPRI).
    4. Diao, Xinshen & Diaz-Bonilla, Eugenio & Robinson, Sherman & Orden, David, 2005. "Tell me where it hurts, an' I'll tell you who to call," MTID discussion papers 84, International Food Policy Research Institute (IFPRI).
    5. Díaz-Bonilla, Eugenio & Ron, Juan Francisco, 2010. "Food Security, Price Volatility and Trade: Some Reflections for Developing Countries," Price Volatility and Beyond 320195, International Centre for Trade and Sustainable Development (ICTSD).
    6. Spencer, Dunstan S.C. & Badiane, Ousmane, 1995. "Agriculture and Economic Recovery in African Countries," 1994 Conference, August 22-29, 1994, Harare, Zimbabwe 183375, International Association of Agricultural Economists.

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