CURRENT ISSUES AFFECTING TRADE AND TRADE POLICY: AN ANNOTATED LITERATURE REVIEW

This review provides a base of literature describing current issues and research on the impacts of lobalization and the industrialization of agriculture and recent approaches to analyze and model agricultural trade and trade policies. Three key factors of the survey are differentiated goods, global economic integration and international supply chain linkages. The review covers 182 publications, which are presented alphabetically by author with a brief annotation describing how it relates to the above criteria. The articles are also indexed by keyword. A brief summary highlights the documented literature and includes a series of issues for future discussion and research.International Relations/Trade,

Trade Liberalization in International Dairy Markets: Estimated Impacts

A partial-equilibrium, multiple-commodity, multiregion model of agricultural policy and trade is used to simulate the effects of changes in domestic and trade policy on dairy production, consumption, prices, and trade. Simulations using the ERS-Penn State Trade model analyze the effects of separately and concurrently relaxing domestic income and price supports, and import restrictions and export subsidies, with special attention to tariff-rate and milk production quotas. Modeling results indicate that liberalization would reduce world dairy product supplies and increase the value of dairy trade.Dairy markets, dairy policy, trade models, global liberalization, International Relations/Trade,

Forces behind China's Surging Trade: Competitiveness or Policy Driven?

This paper delves into China's differential growths in trade flows with high income countries by focusing on bilateral content of trade data over the time period 1962-2005. Unlike other studies, we account for end use of traded goods ranging from primary, intermediate, and finished goods because China's policies impact all segments China's trade flows. China's trade growth patterns with major high income countries clearly indicate that the adjacency-neighborhood partners alone is unlikely to explain its unprecedented growth in exports and imports. China's outstanding performance in trade growth can be traced back to the 1970s with changes in its policies and increased involvement in the international segmentation of production processes and preferential tariff treatment to assembling and processing activities.China, international trade, growth, policies, International Relations/Trade,

A TRADE LIBERALIZATION IN INTERNATIONAL DAIRY MARKETS

International dairy industries remain among the most distorted agricultural sectors. Dairy average bound tariffs remain among the highest of all agricultural commodities, and dairy trade is characterized by a large number of megatariffs and tariff-rate quotas (TRQs). The objective of our study is to examine how the international dairy markets might respond to policy changes under various assumptions, using a partial equilibrium, multiple-commodity, multiple-region model of agricultural policy and trade. Our results indicate that liberalization will reduce supplies, increase dairy trade, and raise world prices.Dairy Markets, Trade Liberalization, Model, Policy, International Relations/Trade,

Bringing Agriculture into the GATT: Negotiating a Framework for Action

International Relations/Trade,