This study develops an import demand model to explore the role of income in explaining the trade performance of low, middle and high-income countries with a special emphasis on Brazil, Russia, India and China – the BRIC economies. The study estimates the impact of the growth in per capita...

A number of major agricultural exporting countries responded to high food prices from 2007 to 2010 by imposing export restrictions on agricultural commodities in efforts to constrain domestic food-price inflation. These restrictions reduced the volume of internationally traded food, and...