Subsidies And The Lobbying Power Behind The United States

For many countries, subsidies and the lobbying power behind them can have great effects on governmental policies and direction. By far, though, the agricultural subsidies advocates in the United States and, to a slightly lesser extent, the European Union have profound sway in government policies. Being dubbed the â€Å"breadbasket of the world† gives farmers and their lobbyists in the US immense power to ensure that the government subsidies continue to favor agriculture producers. By and large, this practice has tipped the scales in both the US and the EU when it comes to ensuring that subsidies remain non-distortionary towards world markets. With policies in place that position national farmer interests ahead of global interests, higher production is encouraged, world prices are driven lower, and the incentive for developing countries to invest in agriculture is limited. While the US employs essentially the most distortionary practices, the EU does attempt to limit these dis tortionary effects. Still, both country’s policies display long-term negative side effects on an international scale. In essence, the United States has taken the WTO’s guidelines for non-distortionary (a.k.a â€Å"green box†) measures and enacted, or is signalling it will enact, the exact opposite measures. Namely, production-tied revenue or price protection, mostly through expanded crop insurance programs. First though, it’s important to understand why production-tied revenue protections are perhaps the mostShow MoreRelatedRussia Ban The Good Comes On The Heels Of Russia1507 Words   |  7 Pages2014, Russia staged an intervention with Ukraine expressing that the land described as the Crimean Peninsula was under Russian control, not Ukraine’s. On February 21st 2014, the Ukrainian President fled the capital and was officially removed him from power. 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