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Export Subsidies by Developed Countries: Barriers to African External Trade

Guest post by: African Development Bank

Article Overview: While advocates of liberalization in the economies of the developing countries have called for reduction in subsidies, the high levels of subsidies in developed countries have increased significantly especially in the OECD countries.

Export Subsidies by Developed Countries: Barriers to African External Trade

While advocates of liberalization in the economies of the developing countries have
called for reduction in subsidies, the high levels of subsidies in developed countries have
increased significantly especially in the OECD countries. Subsidies have increased from
US$247 billion in 1986-88, to US$270 billion in 1997 and US$274 billion in 1998.
Similarly, US subsidy levels increased from US$41.4 billion in 1986-88 to US$50.0
billion in 1998. While the Uruguay Round advocates the reduction of subsidies in most
developing countries, subsidies have been on the increase in OECD countries and the
United States.

African Development Bank
Economic Research Working Paper Series
Enhancing Africa’s Trade: From Marginalization
to an Export-Led Approach to Development
Milton A. Iyoha
Professor, Department of Economics & Statistics
University of Benin, Nigeria
Economic Research Working Paper
No 77 (August 2005)

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Article Tags: advocates, africa, african development bank, department of economics, developed countries, developing countries, economic research, liberalization, marginalization, oecd countries, professor department, statistics, subsidies, subsidy, united states, university of benin, university of benin nigeria, uruguay



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