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European economic integration and the consequences for US agriculture
Author(s) -
Gleckler James,
Koopman Robert,
Tweeten Luther
Publication year - 1993
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199307)9:4<325::aid-agr2720090404>3.0.co;2-f
Subject(s) - agriculture , european community , economic integration , international trade , economics , production (economics) , welfare , free trade , international economics , economic welfare , market economy , geography , archaeology , macroeconomics
The economics of agriculture favors acceptance by the European Community (EC) of members of the European Free Trade Association (EFTA) before former members of the East Bloc. Analysis indicates the considerable agricultural production bread basket potential of Central and East Europe will be unleased first by market‐directed economies and later by integration with the EC—if the latter occurs. US consumers gain more than producers lose so economic welfare of Americans is raised modestly. US producers of most commodities lose from East European adjustments to a market orientation and merger with the EC. An EFTA merger mitigates these losses to US producers. © 1993 John Wiley & Sons, Inc.