Edward Elgar Publishing Global Agricultural Policy Reform and Trade: Environmental Gains and Losses

The WTO's attempts at agricultural trade liberalization have raised concerns that the current movement towards globalization fails to adequately address environmental issues. Even in developed countries, where agriculture at the farm-level represents a small fraction of total GDP, trade-induced changes in agricultural production levels could have considerable environmental effects. This timely new book analyzes the possible linkages between agricultural trade liberalization and the environment, and assesses the negative and positive impacts of any possible reforms. The authors begin by providing an extensive empirical examination of the potential environmental consequences of agricultural trade liberalization at both a global and US level. However, not only might changes in trade policy affect the environment, but environmental policy can also influence trade. Consequently, the authors conduct a detailed study of the impact of US agri-environmental policies on trade flows. To conclude, they investigate conceptual and policy aspects of the important inter-relationship between agricultural trade and unintentional environmental by-products, transboundary concerns and multilateral environmental agreements. In the context of ongoing trade negotiations, this comprehensive book provides an objective overview of the potential economic consequences of the relationship between trade and the environment. It will be of special interest to agricultural, development and environmental economists as well as policymakers and policy analysts confronting the practical problems of environmental and economic assessment. Review '. . . the book provides a comprehensive analysis of multiple aspects of the relationship between trade and the environment. . . It is definitely an eye-opener and a step forward in an ever more important discussion. It highlights the extreme complexity of the relationship between trade liberalization, agricultural policy and environmental effects and shows that trade liberalization does not and should not exclude environmentally friendly agricultural production.' About the Author Edited by Joseph Cooper, Senior Economist, Economic Research Service, United States Department of Agriculture, Washington, DC, US. He served during 2005 to 2006 as a senior economist in charge of agriculture and natural resources at the President’s Council of Economic Advisors