S/E/51. Review the protectionist agricultural policies of USA (developed country) and evaluate their impact on the exports of the Third World or third world country

The US agricultural industry has benefited from productivity increases as a result of the introduction of high yield varieties of crops, the use of chemical and fertilisers, and economies of scale from the increased size of farms and field acreages. Developing countries which lack the resources to catch up on productivity gains realised in the US have little option but to protect agricultural markets with protectionist tariffs and non-tariff barriers not only to protect domestic producers but also counteract the substantial subsidies which US farmers receive. The US produces more than it can consume. Subsidies that support prices and encourage export allow the US to compete in foreign markets at below the cost of production which has damaging consequences for the developing world.