In 1986, Dr. Rausser was offered a position as Senior Economist on President Ronald Reagan’s Council of Economic Advisers. As Senior Economist, he helped set up the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations. The Uruguay Round ultimately established the World Trade Organization, removed barriers to international trade and business, established intellectual property rights, and reduced global agricultural subsidies.
Following his term on the Council, Dr. Rausser served as Chief Economist at the Agency for International Development (AID) in the U. S. Department of State (1988–90). While serving at AID, Dr. Rausser led the modernization of the economic counsel provided to AID Mission Directors throughout the developing world. He also designed the principles and framework for new-country strategy-development statements. In recognition of his achievements at AID, Dr. Rausser received a Superior Unit Citation Award (1990).
In 2000, Dr. Rausser received a USDA Secretary of Agriculture Award for his outstanding accomplishments in the areas of agricultural public-policy research and formulation. Simultaneously, he was given a similar award by the USDA’s Cooperative State Research, Education, and Extension Service.