This article shows that research on international agricultural trade reform can make much greater contributions to understanding than was feasible in earlier trade negotiations. While current models typically estimate gains of less than 1% of GDP, new developments in theory and methodology...

In many poor countries, the recent increases in prices of staple foods have raised the real incomes of those selling food, many of whom are relatively poor, while hurting net food consumers, many of whom are also relatively poor. The impacts on poverty will certainly be very diverse, but the...

The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration, and remittances. For most low-income countries, shocks that affect food prices or wage...