The 2002 U.S. farm bill has been widely criticized for increasing subsidies with detrimental effects on competing agricultural producers abroad and for undermining U.S. leadership in achieving liberalized world agricultural trade.

This paper documents the features of a 1998 social accounting matrix (SAM) for Thailand. It begins with a description of the overall economy both via a macro SAM and a national accounts balance sheet.

Three types of trade policy adjustments to deal with an unsustainable current account deficit are examined in this paper for their economywide income and equity effects, based on the results of simulation experiments using a CGE model of the Phil