;#Faculty News;# | Foreign Policy | 06 Mar 2012
America's industrial policy
Re: Gary Pisano
Pisano notes that U.S. agriculture is and has long been heavily subsidized. The bill is about $50 billion annually and among other things provides about $160,000 every year to each U.S. cotton farm despite the fact that American cotton farmers are much higher cost producers than those in Africa and the Middle East.

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