E-Book, Englisch, 24 Seiten
ISBN: 978-3-346-34334-5
Verlag: GRIN Verlag
Format: PDF
Kopierschutz: Kein
Expected exchange ratios between the different policy goals, however, can be severely distorted if policy-makers have wrong estimations of the true societal valuation of externalities. This may make targeted incentives that aim at a better orientation of agriculture towards societal demands appear too risky for policy-makers and finally leads to the blockage of policy changes. An appropriate policy portfolio should therefore comprise non-distorting compensations for negatively affected policy goals. The EU’s commitment in the WTO to multifunctional agriculture has to be underlined by effective domestic policy reforms, if this concept is not to be discredited as an attempt to justify disguised protectionism.