Subsidies, free trade and the price of food

April 11th, 2008 • Economics

Rodrik and Zetland have some good insights into the rising price of food. Interestingly, while World Bank head honcho Zoellick has called for an end to US farm subsidies as a solution, this would in fact mean higher food prices – maybe good news for farmers but not for those needing to buy and eat food. If the US ended subsidies tomorrow, not going to happen, the effect would actually be pretty bad in the short term for the global poor.

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Related posts:

1. Rodrik on free trade and prices
2. US Subsidies versus Nutrition
3. Food miles may be misleading
4. The problems of international food aid
5. Krugman on food prices

Tags: corn, Food, free trade, subsidies, USA

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