During economic development, agriculture declines as a proportion of aggregate national output. A number of theoretical explanations for this phenomenon have been advanced in the economic literature, but their relative historical significance has not been clear. This paper develops an...

The relationship between the effects of food aid and those of the completion of the Uruguay Round of the GATT are studied in this paper, focusing upon the food aid recipient countries, and taking Bangladesh as an illustrative example. It is argued that, among other factors, the magnitudes of...

The World Bank's commodity price projections are widely used for various planning purposes. Two aspects of the Bank's projections of relative prices are studied in this paper. The first is whether the forecasts make efficient use of the information available at the time the forecast is made. The...