- International Monetary Fund
- Published Date:
- November 1988
© 1988 International Monetary Fund
The Common agricultural policy of the European Community: principles and consequences / by Julius Rosenblatt — [et al].— Washington, D.C.: International Monetary Fund 
(Occasional paper, ISSN 0251-6365; no. 62)
1. Agriculture and state—European Economic Community countries. 2. Agriculture—Economic aspects—European Economic Community countries. 3. Produce trade—European Economic Community countries 4. Agriculture—Economic aspects—Germany (West) I. Rosenblatt, Julius II. Series: Occasional paper (International Monetary Fund); no. 62.
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The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (e.g., 1984–85 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1985/86) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
This paper had two purposes: first, to trace the evolution and major developments of the Common Agricultural Policy (CAP) of the European Community and, second, to assess its effects on the economies of the EC member countries and on the rest of the world. From an economic point of view, the conclusions of the study are unambiguous: the CAP has been less than fully effective at attaining its goals and its instruments have entailed very costly inefficiencies. But it would be unfair to judge the performance of the CAP only against the norms of free trade—free trade in agriculture proved an elusive objective with considerable intervention by most governments.
The authors are indebted to numerous colleagues and to staff members of the EC Commission for helpful comments on an earlier draft of this paper. The views expressed should not be attributed, however, to anyone other than the authors and should not be construed as those of the Fund. The authors are also grateful to Behrouz Guerami and Ted Saxerud for research assistance, Valerie Pabst for secretarial assistance, and Juanita Roushdy and Elin Knotter of the External Relations Department for editing. A word on the ordering of the names of the authors may be useful: Messrs. Rosenblatt and Mayer coordinated the work; the names of the other authors are in alphabetical order.