The Plundering of Agriculture in Developing Countries

This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1995. The length of the article is 3602 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Conventional wisdom in the 1960s and 1970s held agriculture to be a sector fairly unresponsive to economic incentives. In the 1980s, however, this piece of conventional wisdom was placed to a test as it became apparent that it was not always true since events showed that agriculture could be influenced by events external to the sector such as exchange rates and industrial policy. A reassessment of agriculture's role in developing countries has since revealed that excessive government intervention in the agricultural sector has had a much more negative effect than previously assumed. According to recent research, government-imposed price interventions, have had a negative consequences on income distribution, the budget, growth and income transfers.

Citation Details
Title: The plundering of agriculture in developing countries. (Latin America and the Caribbean: The Challenges Ahead)
Author: Maurice Schiff
Publication:Finance & Development (Magazine/Journal)
Date: March 1, 1995
Publisher: International Monetary Fund
Volume: v32 Issue: n1 Page: p44(4)

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