1. India's Entanglement in the Global Economy
A similarly injurious factor of GATT is its particular position on agricultural subsidies. ... The explicit exclusion of "primary products", otherwise known as agricultural goods, highlights another fundamental inequality which GATT imposes on developing countries. As Kele Onyejekwe explains, to cater to the Agricultural Adjustment Act-which authorized the subsidy, price support, and crop insurance of U.S agriculture-the United States strategically allowed for agriculture products to be excluded from GATT's sweeping denial of the use of subsidies. This aspect of GATT is to the ...
- Word Count: 2837
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate