"External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...

How firms react to a given shock may depend on the degree to which rivals are present and on whether potentially viable entrants to that market exist. A preferred supplier market presence and threat of entry lessen a nonmember country's price reaction to most-favored-nation trade liberalization...

In 2008 the Government of Pakistan agreed with the International Monetary Fund (IMF) to increase the tax/Gross Domestic Product (GDP) ratio by 3.5 percentage points over the medium term. This commitment has rekindled the debate regarding the agricultural income tax. Advocates of an agricultural...

Colombia is the world's third-largest producer of coffee and by far the largest single producer of washed arabica coffee. This introduction outlines the global situation in brief and sets the context with a synopsis of Colombia's coffee history and its unique coffee culture. Chapters 2 and 3...

The reform, a key component of a larger economic recovery and adjustment operation, and of the agricultural sector strategy, focused on the liberalization of coffee and cocoa prices, their primary marketing and export, all previously regulated by a marketing board. The main objectives of the...