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Books > Business & Economics > Industry & industrial studies > Primary industries > Agriculture & related industries
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Agricultural Price Distortions, Inequality and Poverty (Paperback, New)
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Agricultural Price Distortions, Inequality and Poverty (Paperback, New)
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The prices of farm products are crucial determinants of the extent
of poverty and inequality in the world. The vast majority of the
world's poorest households depend to a considerable extent on
farming for their incomes, while food represents a large component
of the consumption of all poor households. For generations, food
prices have been heavily distorted by government policies in
high-income and developing countries. Many countries began to
reform their agricultural price and trade policies in the 1980s,
but government policy intervention is still considerable and still
favors farmers in high-income countries at the expense of many
farmers in developing countries. What would be the poverty and
inequality consequences of the removal of the remaining distortions
to agricultural incentives? This question is of great relevance to
governments in evaluating ways to engage in multilateral and
regional trade negotiations or to improve their own policies
unilaterally. Agricultural Price Distortions, Inequality, and
Poverty analyses the effects of agricultural and trade policies
around the world on national and regional economic welfare, on
income inequality among and within countries, and on the level and
incidence of poverty in developing countries. The studies include
economy-wide analyses of the inequality and poverty effects of
own-country policies compared with rest-of-the-world policies for
10 individual developing countries in three continents. This book
also includes three chapters that each use a separate global
economic model to examine the effects of policies on aggregate
poverty and the distribution of poverty across many identified
developing countries. This study is motivated by two policy issues:
first, the World Trade Organization's struggle to conclude the Doha
Round of multilateral trade negotiations, in which agricultural
policy reform is, again, one of the most contentious topics in the
talks and, second, the struggle of the developing countries to
achieve their Millennium Development Goals by 2015 - notably the
alleviation of hunger and poverty - which depends crucially on
policies that affect agricultural incentives.
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