Trends and fluctuations in agricultural price distortions

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    For decades, earnings from farming in many developing countries have been depressed by a pro-urban bias in own-country policies, as well as by farm trade and subsidy policies of richer countries. Both sets of policies had reduced global economic welfare and agricultural trade and almost certainly have added to global inequality and poverty. Progress has been made over the past three decades in reducing agricultural protection in high income countries and agricultural disincentives in developing countries. However, some large distortions to agricultural prices within farm sectors and between countries remain, and governments continue to have a propensity to insulate their domestic food market from fluctuations in international prices. Thus much scope remains to improve economic welfare and reduce poverty by removing remaining trade distortions. This chapter summarizes indicators of these trade barrier patterns before pointing to changes in trade policies, together with complementary domestic measures, that could improve global food security.
    Original languageEnglish
    Title of host publicationSustainable Economic Development: Resources, Environment, and Institutions
    Editors Arsenio M. Balisacan, Ujjayant Chakravorty and Majah-Leah V. Ravago
    Place of PublicationOxford and San Diego
    PublisherElsevier
    Pages293-309
    Edition1st
    ISBN (Print)9780128003473
    DOIs
    Publication statusPublished - 2015

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