World Trade Report
Submitted by ipsita on Thu, 2006-08-31 00:00
Twenty one developed countries spent almost US $250 billion on subsidies, while the other 128 countries spent only US $50 billion.
The average ratio of subsidies to GDP is lower in developing countries. For a sample of 31 developing countries, the average ratio of subsidies to GDP was 0.6 per cent, while the comparable figure for a sample of 22 developed countries was 1.4 per cent.
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Publication Date:
30/08/2006