Political Market for Agricultural Protection (The)
Why do poor countries tax agriculture more than other sectors, whereas rich countries subsidize farmers? Using the neoclassical economic theory of the political market for Distortionary policies, an explanation is sought by examining changes to factors affecting the supply and demand curves in that political market. The aggregate effect of these changes is a shift in both the demand curves and the supply curve to the right as industrialization proceeds.
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|Date of creation:||01 Apr 1992|
|Date of revision:|
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