1. Should sugar continue to be a protected commodity? Why or why not? 2. Should the U.S....

Question:

1. Should sugar continue to be a protected commodity? Why or why not?

2. Should the U.S. consumer continue to fund protection for U.S. sugar farmers? Why or why not?


Sugar is the most trade-distorted commodity on the world market. Both the EU and the U.S. protect their domestic sugar producers. In the U.S., the protection amounts to a subsidy of $1.5 million per year for every protected job. Businesses reliant on sugar have been leaving the U.S. to be able to access their sugar supply at world prices, which is not permitted in the protected U.S. markets.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Business

ISBN: 978-1259317224

1st edition

Authors: Michael Geringer, Jeanne M. McNett, Michael S Minor, Donald A Ball

Question Posted: