publication . Preprint . 1997

Has agricultural trade liberalization improved welfare in the least-developed countries? Yes

Ingco, Merlinda D.;
Open Access
  • Published: 30 Apr 1997
Abstract
The author evaluates the progress in agricultural liberalization -and the welfare effects for least-developed and net food-importing countries- as a result of agricultural price shocks resulting from the Uruguay Round. She findsthat: (1) The changes in welfare are significantly affected by the structure of trade and distortions in the domestic economy. (2) Although many economies are hurt by increases in world prices, losses in terms of trade are small relative to total GDP. Only in a few countries does the estimated welfare change constitute more than 1 percent of GDP. (3) In several countries, the distortion effects are significantly larger than the terms-of-t...
Subjects
free text keywords: Payment Systems&Infrastructure,Environmental Economics&Policies,Economic Theory&Research,Trade Policy,Transport and Trade Logistics,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Economic Theory&Research,Trade Policy,Access to Markets,Environmental Economics&Policies

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