Agricultural Trade Reform and Poverty Reduction in Developing Countries
The author offers an economic assessment of the opportunities and challenges provided by the World Trade Organization's Doha Development Agenda, particularly through agricultural trade liberalization, for low-income countries seeking to trade...
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Format: | Policy Research Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, D.C.
2013
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Online Access: | http://documents.worldbank.org/curated/en/2004/09/5133197/agricultural-trade-reform-poverty-reduction-developing-countries http://hdl.handle.net/10986/14133 |
Summary: | The author offers an economic assessment
of the opportunities and challenges provided by the World
Trade Organization's Doha Development Agenda,
particularly through agricultural trade liberalization, for
low-income countries seeking to trade their way out of
poverty. After discussing links between poverty, economic
growth, and trade, he reports modeling results showing that
farm product markets remain the most costly of all goods
market distortions in world trade. The author focuses on
what such reform might mean for developing countries both
with and without their involvement in the multilateral trade
negotiations. What becomes clear is that if those countries
want to maximize their benefits from the Doha round, they
need also to free up their own domestic product and factor
markets so their farmers are better able to take advantage
of new market opportunities abroad. The author also
addresses other concerns of low-income countries about farm
trade reform: whether there would be losses associated with
tariff preference erosion, whether food-importing countries
would suffer from higher food prices in international
markets, whether China's WTO accession will provide an
example of trade reform aggravating poverty by way of cuts
in prices received by Chinese farmers, and the impact on
food security and poverty alleviation. |
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