Some Economic consequences of the Common Agricultural Policy of the European Community.

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" Some Economic consequences of the Common Agricultural Policy of the European Community. "
Swinbank, A.

Document Type	:	Latin Dissertation
Record Number	:	1096682
Doc. No	:	TLets474356
Main Entry	:	Swinbank, A.
Title & Author	:	Some Economic consequences of the Common Agricultural Policy of the European Community.\ Swinbank, A.
College	:	London School of Economics and Political Science (University of London)
Date	:	1974
student score	:	1974
Degree	:	Ph.D.
Abstract	:	The study examines some of the economic consequences of the CommonAgricultural Policy. It does so from a global view; the intention being toexircise economic theory within a recognisable framework. A these whichemerged wes one of unresolved conflict between various interest groups.The manipulation of farm prices has an impact upon the economic system,and this has been an object of study. Because produce prices determine thefortunes of some individuals in relation to others there are conflicts ofinterest; for eile the triangle of producers, consumers and taxpayers.But the advantages gained by producers will be limited by the elasticitiesof factor supply to the farm sector without limit to the costs imposed uponsociety, because of the 'open-ended' nature of the policy. Equally producersfind that a common met of produce prices cannot meet all the statedobjectives of farm policy and consequently conflicts follow within the farmvector. And more interesting conflicts flow for an economic union in whichthe taxation unit does not correspond to the political unit. There istaxation without representation in that consumers pay inflated prices toforeign farmers. Other issues which arose included the location of productionand the determination of a foreign trade policy, both of which involve theadvantages to be gained by the nation as against that of the larger grouping.A serious conflict is that caused by the interplay of exchange ratevariations and common intervention prices, because then the farm policyhas a direct impact upon national macro-economic policy. It would seesthat the present farm policy must be modified if it in not to prejudge thequestion of greater or lesser flexibility in national exchange rate regimes.
Added Entry	:	London School of Economics and Political Science (University of London)