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Liberalizing Agricultural Trade: Some Perspectives for Developing Countries

In: Developing Countries and the Global Trading System

Author

Listed:
  • H. Don B. H. Gunasekera
  • David Parsons
  • Michael G. Kirby

Abstract

In real terms, the prices for many agricultural commodities are at their lowest levels of the post-war years (Tyers and Anderson, 1987). Growth in consumer demand is weak, surplus stocks of a number of major agricultural commodities stand at unprecedentedly high levels, and production remains well above market requirements (IMF, 1987). The downturn in world import demand in the 1980s contributed to the problems. However, the extent of agricultural intervention policies and their general lack of flexibility, particularly in the United States, the EEC and Japan (which together dominate world agricultural trade), are largely responsible for this present situation in agriculture.

Suggested Citation

  • H. Don B. H. Gunasekera & David Parsons & Michael G. Kirby, 1989. "Liberalizing Agricultural Trade: Some Perspectives for Developing Countries," Palgrave Macmillan Books, in: John Whalley (ed.), Developing Countries and the Global Trading System, chapter 12, pages 238-257, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20417-5_12
    DOI: 10.1007/978-1-349-20417-5_12
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