Effects of Agricultural Protectionism

Seminar paper from the year 2022 in the subject Economy - Environment economics, grade: 1,0, University of applied sciences, Cologne, language: English, abstract: This thesis focuses on protectionism in the agribusiness sector of the European Union, its motivations and its positive and negative effects and its global correlations. As we are living in a globalized world, economical decisions lead to complex effects all over the world. Often there are trade-offs. People suffering from malnutrition and hunger remains a big challenge. Worldwide the percentage of people living in absolute poverty has decreased continuously. Still action is required, especially regarding an increasing unequal distribution of resources and growth in the world due to globalization and trade. Disadvantages and effects caused by global trade, trade agreements and its negative effects caused by an unequal distribution of resources and growth in the world. Mainly caused by different circumstances and soil factors (different climate, soil, drought) the agribusiness sector is affected by. Basic conditions differ from country to country, this in turn means different basic possibilities for farmers and production of nutrition. As there is manifested a 'Right of food', the agribusiness sector plays a key role as it is the basis for ensuring the nutrition of the world population. Trade agreements developed over years with different intentions, today this brings huge disadvantages to still developing countries which should not lose sight of.