The impact of global climate change on developing countries is analyzed using CGE-multimarket models for three archetype economies representing the poor cereal importing nations of Africa, Asia, and Latin America. The objective is to compare the effects of climate change on the macroeconomic...

The financial surplus of agriculture has been central to theories of the role of agriculture in economic development. Morrisson and Thorbecke (MT) have used a constant‐price social accounting matrix (SAM) framework to measure rigorously the financial surplus of agriculture and decompose the...

A widely accepted tenet of the development literature is that, in the process of structural economic transformation that accompanies economic development, the farm sector as a share of the country’s GDP will decline as a country’s GDP grows (Chenery and Syrquin, 1975). In rural areas, this...

The net benefits of CAFTA and their distribution among sectors of the economy and social groups are major concerns of policy makers in Central America. The objective of the Bank's support to Central America is to assist in the design of policies that maximize total net benefits while improving...

Cross country comparisons of rural income generating activities are analyzed to identify ways to design more effective and better targeted rural development policies. The full range of rural income generating activities carried out by rural households are examined, including: 1) the relative...