Globalization trends of the recent past have impacted the world economies immensely, particularly those of developing countries. Countries worldwide are reshaping their economic and trade policies to meet the challenges of new rules of trade under the World Trade Organization (WTO) and the intense competition unleashed by the forces of globalization. The changed economic milieu has affected the Indian economy - more so in the agricultural sector - in several ways. India's stagnating agriculture has aggravated the urgency for debate on how to meet the challenges of new rules of the game under the WTO and globalization. This book contains 11 research papers which provide deep insights into the various dimensions of the impact of the new world economic order on agriculture in India.

The volume offers to the reader a multi-faceted dialogue between noted experts from two major agricultural countries, both founding members of the Word Trade Organisation, each one with different stakes in the great globalisation game. After providing the recent historical background of agricultural policies in India and France, the contributors address burning issues related to market and regulation, food security and food safety, the expected benefits from the WTO and the genuine problems raised by the new forms of international trade in agriculture, including the sensitive question of intellectual property rights in bio-technologies. This informed volume underlines the necessity of moving beyond the North-South divide, in order to address the real challenges of the future.

This Is An Edited Book Containing 29 Selected Articles Out Of 80 Papers Submitted For The Theme `Globalisation And Agricultural Crisis In India` During 84Th Annual Conference Of The Indian Economic Association, Held At Vellore From 28-30 December 2001.

This book examines the various issues and concerns faced by Indian agriculture under the obligations of WTO and the Free Trade Agreements. While the issues discussed pertain mainly to India, the lessons can also be derived for many other similarly placed developing countries. The book delves into various aspects of Indian agricultural trade and evaluates the domestic policies and regulations of government while also looking at external factors like WTO, free trade agreements and non-tariff barriers. Chapters of this book have been contributed by eminent agricultural economists, lawyers and social scientists providing the perspective from their sector. This book highlights the challenges and opportunities for agriculture sector under the rapidly growing regional trade agreements and results of negotiations under the WTO. It also provides critical insights into the ongoing fisheries subsidies negotiations at the WTO and issues relating to non-tariff measures. The findings have broad implications for developing countries in general and India in particular. This book will greatly benefit trade negotiators, policymakers, civil society, farmer groups, researchers, students, and academics interested in issues related to the WTO, FTAs, tariff and non-tariff barriers and other allied issues concerning Indian agriculture. The techniques used in analytical part will mostly benefit the researchers as they can not only use these techniques and methodologies for their future research, but to also carry the research forward. The book is useful for many educational institutes which teach international trade, agricultural economics, and WTO and FTAs studies.

Agriculture remains one of the most contentious issues in the ongoing negotiations of the World Trade Organization, with serious implications for food security and the livelihood of farmers in the developing world. This dissertation examines the various research papers related to this study to understand the topic in depth. Then focused on GATT which is a multi-lateral agreement regulating international trade and how WTO was formed as a successor of GATT. The functions and working of WTO have also been studied. As Agreement on Agriculture (AoA) was a very crucial factor for developing countries, pursued the general agricultural scenario in developing countries especially India. Then how India is facing issues related to AOA and what proposals India has been offering with respect to those issues were studied. Then TFA and Bali Package were also studied. Various components of Bali Package were analyzed to find the issues, which other member countries could face. The dissertation presented the reasons for India blocking the WTO and the objections which India had. The study emphasized the impact of this disapproval and benefits pursuant to disapproval; on India’s commodity market, revenue of farmers, food prices of consumers, overall negative effects of signing TFA, and why blocking TFA was a good decision and the way-ahead. Finally, it supports the narrative of increasing developing country bargaining in the WTO and shows that the Indian representatives bolster their arguments by articulating them as being in the interest of the developing world in general and India’s success in making U.S. agree for permanent peace clause.

The World Is Changing Into A Global Village. There Is A Visible Change In Multiple Forms And From Multiple Directions. Starting From Economic Reforms With Emphasis On Liberalization, Privatization And Globalization; The World Has Witnessed Emergence Of World Trade Organization (Wto) And Its Conditionalities Which Have Altered The Basic Principles Of Trade, Regional Groupings, Barrier Free Movements, Mergers And Acquisitions, Foreign Direct Investment, Bi-Lateral And Multi-Lateral Agreements, Etc. And Become The Order Of The Day. The Wto Is A Multilateral Trade Body, Which Puts Together The Rules For Global Trade. India, As One Of The Important Members, Has Played A Significant Role In The Trade Negotiations Since The Wto Came Into Being. It Is Believed That The Wto Should Evolve As A Forum Not Only For Free Trade But Also For Fair Trade. India Is Seen As A Force To Reckon With, As A Negotiator Having The Potential To Engage The World On Trade Issues And Be Seen As A Major Economic Power. Developing And Under-Developed Countries Look Upon India For Support, Advice And Guidance. The Evolution Of G-110 Demonstrates That India Can Be The Rallying Point For The Least Developing And Small Economies That Continue To Be Subjected To Trade Distortions. The Book Wto And Indian Economy Is A Modest Attempt To Deal With Such A Debatable Subject. It Is Divided Into Three Sections Followed By A Glossary Of Wto And Related Terms. About Forty-Five Eminent Economists/Researchers From Different Backgrounds Have Contributed In This Book. The Coverage Of This Book Is Quite Comprehensive; The Papers Not Only Study The Results Of Ongoing Impact Of Wto But Also Provide Futuristic Insights Too. The Scholars Have Tried To Grasp Various Issues Related To Wto In Context Of Agriculture, Global Market And Indian Economy. The Book Will Be Of Great Use To Policy Makers, Public Analysts, Scholars And Students Of Economics And Commerce.