Trade and development (original) (raw)
1993, Agricultural Economics
AI-generated Abstract
The relationship between trade and economic development has been a key focus since the inception of economic theory. The paper discusses how domestic policy reforms in less-developed countries are crucial for maximizing benefits from global agricultural trade liberalization. Additionally, it highlights the implications of political changes in Eastern Europe for agricultural markets, the impact of declining world prices for tropical products on dependent economies, and the critical need for appropriate government policies to foster agricultural growth, irrespective of the outcomes of international negotiations such as the GATT.
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