The EU's common agricultural policy (CAP) subsidizes exports, limits import, and controls production. These policies importantly affect production, consumption, trade and economic welfare of EU members and have systemic implications especially for developing countries and economies in...

This paper attempts to assess the incremental external financing requirements occasioned by changes in world food prices, due to implementation of the Uruguay Round Agreement on Agriculture, for a sample of 57 developing countries. Based on estimates of changes in food prices due to the Round...