International agricultural trade now exceeds one trillion dollars. It is one of the key factors in the world economy, and the United States, like many other countries, depends on it to keep food prices reasonable, our balance of payments healthy, and the dollar from collapsing on the international money exchanges. The Symposium on International Trade and Agriculture held at Tucson, Arizona, in April 1977, covered all major topics of trade and commerce policy as they relate to agriculture. The papers presented in this book reflect the major concerns of outstanding professional economists and a great variety of agricultural research organizations.

In an increasingly globalized world, an understanding of the role of international trade is central to the study of agricultural economics and agribusiness. This text interweaves these two elements, explaining the theories and practices relevant to agricultural trade. Using real-life examples to explain theories and models, the text prepares readers to critically examine agricultural trade issues. In addition to its comprehensive coverage, each chapter features chapter overviews and summaries, key concepts, questions for review, and suggested readings. Explains the theories and practices relevant to agricultural trade. Uses real-life agricultural examples to convey theories and models. Offers an international perspective on an increasingly globalized market. Features extensive pedagogical material, including chapter overviews and summaries, key concepts, review questions, and suggested readings.

In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.

This book presents International Agricultural Trade Research Consortium commissioned papers. The papers systematically explore the conceptual and empirical dimensions of the new trade theory and try to determine the potential application to agricultural trade and trade policy analysis.

Provides an analysis of trade principles, institutions and policies necessary to understanding international agricultural trade. The book offers coverage of strategic trade theory and application, imperfect competition, market power and the political economy of agricultural trade.

The authors study whether political campaign contributions influence agricultural protection in the United States in the manner suggested by the political economy model of Grossman and Helpman (1994). This is the first attempt to test this model using agricultural data. The authors test the model using a detailed cross-sectional data set of agricultural protection, subsidies, and political action committee (PAC) contributions in the late 1990s. The model is qualitatively affirmed by the data. They make a novel attempt to solve a puzzle about the model's quantitative implications, also found in recent studies. This solution makes the simple model consistent with the complicated decisionmaking process in real world government. The results imply the underpinnings of a political economy equilibrium that will be hard to dislodge.