A Billion Dollars A Day – The Economics and Politics of Agricultural Subsidies

Peterson provides a detailed examination of subsidy histories and the current policies of the United States, various European countries, Australia and New Zealand, and Korea and Japan. Also included is a discussion of how these policies affect developing countries--examining, in particular, their impact on many African farmers.

With the growing crisis in world food supply, Peterson's thorough examination of global agricultural price supports sheds light on the inefficiencies and waste that result and suggests how to better manage these highly sensitive political programmes.