The interaction between macroeconomic and agricultural sector reforms is of vital importance to developing and East European economies, whose agricultural sectors account for major shares of economic activity and income. Derived from a conference organized jointly by the Centre for Economic Policy Research and the OECD Development Centre, the papers in this volume adopt an open economy perspective to reform.
List of figures; List of tables; Preface Louis Emmerij and Richard Portes; Acknowledgements; List of conference participants; 1. Introduction: from macro to maize Ian Goldin and L. Alan Winters; Part I. Open Economy Analysis: 2. Sequencing and welfare: labour markets and agriculture Sebastian Edwards; 3. Agricultural adjustment and the Mexico-USA free trade agreement Santiago Levy and Sweder Van Wijnbergen; 4. Do the benefits of fixed exchange rates outweigh their costs? The CFA Zone in Africa Shantayanan Devarajan and Dani Rodrik; 5. Adjustment and the rural sector: a counterfactual analysis of Morocco Francois Bourguignon, Christian Morrisson and Akito Suwa; Part II. The Small Country Assumption and Trade Reform: 6. Exchange reforms, supply response and inflation in Africa Ajay Chhibber; 7. Taxes versus quotas: the case of cocoa exports Arvind Panagariya and Maurice Schiff; 8. Trade reform an the small country assumption David Evans, Ian Golden, and Dominique van der Mensbrugghe; Part III. Risk and Adjustment: 9. Markets, stabilisation and structural adjustment in Eastern European agriculture Ronald W. Anderson and Andrew Powell; 10. Should marketing boards stabilise prices through forward purchases? Christopher L. Gilbert; Part IV. Government's Role: 11. Infrastructure, relative prices and agricultural adjustment Riccardo Faini; 12. Structural factors and tax revenue in developing countries: a decade of evidence Vito Tanzi; 13. International dimensions of the political economy of distortionary price and trade policies Kym Anderson; Index.