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Reading Notes November 9th

Reading Notes November 9th - international trading rules...

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Carter Whittington Jordan Radke Soci 415 9 November 2011 Reading Notes 11/9 Through a series of examples, particularly in the African food industry, the author attempts to show what happens when developing and developed markets cross paths in terms of who benefits and why that happens. From my understanding, developing economies don’t benefit as much as they should in cases like this because they are so fragile that even the best help is counterproductive. Developed economies can benefit because they import food at really low prices while the developing country is still trying to feed its people. In the developing world, the food industry puts an insurmountable strain on farmers, giving them little to hope for and much to fear. This reading in particular shows the ambivalence of agricultural subsidies meaning that is illustrates how they are neither good nor bad. Given this ambivalence, I do not think the
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Unformatted text preview: international trading rules about subsidies should be the same for developed and developing markets economies. The rules for subsidies in terms of developing countries should be tightened up so as to encourage more efficient and equal production/exchange. In the idea of "free trade," any sort of government support or protection (such as subsidization or taxing imports) is considered an unfair advantage and should be eliminated. I think free trade is fair because in many cases subsidization and taxes on imports can cause great problems for developing markets that lead to a never ending struggle in terms of dealing with developed markets. Taxes on imports don’t seem to be fair to me either because they just try to force a fix on the international economic flow when that should be fixed by institutions in place that focus on being efficient and productive for everyone....
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