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# Foreign Corn Importation Effects

## Definition

The economic impact of allowing foreign grain imports on domestic agriculture, including effects on prices, land values, and agricultural employment. Smith argues that fears about foreign corn imports are often exaggerated.

## Source Chapter

Book IV, Chapter 2

## Context

Smith examines the effects of foreign corn imports on British agriculture, arguing that the actual quantities imported are too small to significantly affect domestic farmers. He suggests that fears about foreign competition in agriculture are often misplaced.

## Economic Domain

Exchange

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