The Impact of Agricultural Subsidies on Global Welfare

  title={The Impact of Agricultural Subsidies on Global Welfare},
  author={Won W. Koo and Philip Lynn Kennedy},
increasing global nature of the world economy have sparked much debate as to whether globalization is a vehicle for growth and development or a bane to society. The debate is not simply one between the informed and the uneducated. Some of the most respected economists in the world disagree as to the impacts of globalization. Stiglitz (2002) refers to "the devastating effect that globalization can have on developing countries." On the other hand, Bhagwati (2004) holds that globalization can be… CONTINUE READING