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Compounding Agricultural Poverty: How the EU’s Common Agricultural Policy is Strangling European Recovery

In: Institutions in Crisis

Author

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  • Brian Ó Caithnia

Abstract

This critical and thought-provoking book explores the causes and consequences of Europe’s failed political and economic institutions. Europe’s recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European integration – political and monetary unions. This book critically assesses the patchwork solutions continually offered to hold the troubled unions together. Failed political policies, from the prodigious ‘Common Agricultural Policy’ to ever more common fiscal stimulus packages, are shown to have bred less than stellar results in the past, and to have devastating implications for future European growth. The contributors outline the manner through which European monetary union has subsidized and continues to exacerbate the burgeoning debt crisis. Most strikingly, the interplay between Europe’s political and economic realms is exposed as the boondoggle it is, with increasingly bureaucratic institutions plaguing the continent and endangering future potential.

Suggested Citation

  • Brian Ó Caithnia, 2011. "Compounding Agricultural Poverty: How the EU’s Common Agricultural Policy is Strangling European Recovery," Chapters, in: David Howden (ed.), Institutions in Crisis, chapter 11, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14370_11
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    References listed on IDEAS

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    1. Norman R. Collins, 1963. "Discussion: The European Common Market and Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(5), pages 993-996.
    2. Johan F. M. Swinnen & Harry de Gorter, 2002. "On government credibility, compensation and under-investment in public research," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 29(4), pages 501-522, December.
    3. Rabinowicz, Ewa, 2004. "The Swedish Agricultural Policy Reform of 1990 : A Window of Opportunity for Structural Change in Policy Preferences," IAPRAP\IATRC Summer Symposium, Adjusting to Domestic and International Agricultural Reform in Industrial Countries, June 6-7, 2004, Philadelphia, PA, 15760, International Agricultural Policy Reform and Adjustment Project (IAPRAP).
    4. Abe S. Tuinman, 1963. "The European Economic Community and Its Agricultural Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(5), pages 974-982.
    5. Spoerer, Mark, 2010. ""Fortress Europe" in long-term perspective: agricultural protection in the European Community, 1957-2003," MPRA Paper 24120, University Library of Munich, Germany.
    6. Elmer W. Learn, 1963. "The Impact of European Integration on American Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(5), pages 983-991.
    7. David Howden (ed.), 2011. "Institutions in Crisis," Books, Edward Elgar Publishing, number 14370.
    8. repec:bla:eurcho:v:7:y:2008:i:specialissuecap:p:22-27 is not listed on IDEAS
    9. repec:bla:eurcho:v:7:y:2008:i:specialissuecap:p:44-44 is not listed on IDEAS
    10. Zahrnt, Valentin, 2009. "Public Money for Public Goods: Winners and Losers from CAP Reform," ECIPE Working Papers 51300, European Centre for International Political Economy (ECIPE).
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    Cited by:

    1. Soto Jesús Huerta de, 2012. "Die Verteidigung des Euro: ein österreichischer Ansatz (Mit einer Kritik der Fehler der EZB und des Interventionismus aus Brüssel) / In Defense of the Euro – An Austrian Perspective (With a Critique o," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 63(1), pages 21-44, January.

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