In 2002, the 30 industrial nations of the Organization for Economic Cooperation and Development spent

May 9, 2015

"In 2002, the 30 industrial nations of the Organization for Economic Cooperation and Development spent $311 billion on domestic agricultural subsidies, which is more than the combined gross domestic products of all the countries of sub-Saharan Africa. The World Bank calculated that the European Union's annual subsidy to dairy farmers comes out to $913 per cow; this dwarfs sub-Saharan Africa's per capita gross domestic product of $490."

 

Source: Lazio, Rick, "Some Trade Barriers Won't Fall," The New York Times, 8/9/03.

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