Agribusiness Lobby and Market Competitiveness
We spotlight the influences on public policy in this issue. The essential function of a policy is to protect and advance the welfare of society. Welfare as a social concept is defined by the International Institute for Sustainable Development (IISD) as the existence of the essential conditions for security of life, pursuit of livelihood, access to nutritious and adequate amount of food, state of good physical and mental health, and the freedom and ability to engage in rewarding social relations and economic transactions. Ideally, policy benefits everyone in an equitable manner. Pragmatically, policy optimizes the benefits, tries to minimize the cost of its implementation, and compensates losers. But when policy is crafted or implemented to favor a segment of society, the principles of equity and fairness take the backseat to one or two opportunistic behaviors: rent seeking and corruption.
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