European Community Agriculture and the World Market

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Abstract
The European Communities' common agricultural policy is more complex than some studies would indicate. Not only do the member states succeed in maintaining nationally preferred price support levels through the use of green currencies and monetary compensatory amounts, but the protective mechanisms applied have a differential impact on some commodities and some supplying countries. The introduction, in 1979,of the European Monetary System had repercussions for the agricultural sector, including the use of a new unit of account.

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