Neoliberalism by Johnston Deborah. Saad-Filho Alfredo

Author:Johnston, Deborah.,Saad-Filho, Alfredo [Alfredo Saad-Filho and Deborah Johnston]
Language: eng
Format: epub
ISBN: 9781783714957
Publisher: Book Network Int'l Limited trading as NBN International (NBNi)

NOTES

1. Apart from the promotion of NGO-led micro-finance programmes, the ‘alternative’ mechanisms for rural credit have invariably failed to appear, reinforcing the credit squeeze brought about by the reform of parastatal agencies.

2. The EU normally spends €40 billion a year in agricultural subsidies and income support to farmers, consuming a great proportion of the EU budget. EU reforms of the CAP will be timid and will target some of the largest farm enterprises, mainly in the United Kingdom (Berthelot 2001). In May 2002, President Bush announced a package of US$190 billion worth of farmers’ subsidies for the next decade (BBC, 13 May 2002). All these recent developments signal little change in the protectionist stance of the EU member states and the United States, in spite of the free-trade rhetoric used in WTO negotiations.

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