ABSTRACT
This part introduction presents an overview of the key concepts discussed in the subsequent chapters. The part provides a conceptual framework for the understanding of both domestic and international agribusiness, and then asks what US trade policy should be in order to assist the expanding but impoverished market in the developing nations. It presents the results of the Tokyo Round of the Multilateral Trade Negotiations. The part describes the genesis and nature of agricultural trade barriers since the end of World War II and concludes that they result in the paradox of suboptimal food consumption in a world with surplus food production capacity. It also describes the Tokyo Round of negotiations in some detail and concludes that the process established by the Tokyo Round promises long-term enhancement of world trade, provided that governments make it their business to continue working together in an effort to resolve trade problems.
