U.S. Sugar Policy - Research Paper Example

This is due to subsidies, quotas, tariffs, and regulations. Through these measures, the U.S has been able to satisfy the demand of sugar for its domestic market, but the cost of this luxury is significant. The price of sugar has been always higher for American consumers, and due to the subsidies provided to American farmers, most if its sugar is yielded by inefficient methods of producing sugar. Human beings have cultivated and consumed sugar cane for more than a millennium, which means it has developed a crucial role in the economies of countries all over the world.

Especially with increases in globalization, the role of sugar as an import and an export is growing. As such, sugarcane economics is necessary for a detailed analysis of the world economy that is becoming indispensable to sophisticated understandings of globalization. This paper will accomplish two goals: first, to define the players in the global sugarcane trade and their relationship to one another in the 21st century economic environment, and second, to discuss the alignment of United States sugar policy with its ideological and normative commitments to capitalism and free trade.

In order to accomplish these two goals, one must conduct first a descriptive, or positive, economic analysis of what is actually occurring in the world at the current time, in addition to a normative, or values-based, analysis of that descriptive data. In doing so, one can make confident predictions and firm recommendations for policy changes with respect to the major contributors in the sugarcane trade. A discussion of a worldwide market in the 21st century necessarily must approach the topic of globalization, which refers to the tendency of ideologies, businesses, and technologies to spread throughout the world.

This produces what is termed as “globality”, or the completely interconnected marketplace that transcends the