The Comprehensive Africa Agriculture Development Programme (CAADP) is an Africawide framework for revitalizing agriculture and rural development in order to accelerate economic growth and progress toward poverty reduction and food and nutrition security. This study reviews CAADP and its...

The response of local markets to sectoral and macroeconomic policy changes is a key determinant of the long term impact of policy reforms on reforming economies. In other words, changes in arbitrage costs that are associated with policy reforms as well as the level of integration among local...

Market integration analysis may be helpful in providing a photograph of the operation of local markets at a given point in time. However, the process of market reform in the context of structural and institutional deficiencies, rather than being a one-shot issue, involves a lengthy transition...

The study carried out on behalf of the Conference of Ministers of Agriculture of West and Central Africa represents one of the first attempts to analyze the impact of the devaluation of the CFA Franc that took place in early 1994. Its main focus is on the impact the change in parity has had on...

Although the techniques that are being used have become much more sophisticated, recent methodological developments in market research have hardly gone beyond the econometric test of market integration. While more efficient methods are being proposed to analyze price interdependence, the...

Using urban price data for the period 1976 to 1992 and rural price data for the period 1982 to 1992, the study assesses the degree of market integration for wheat, maize and rice. The study finds that i) reforms have not destabilized foodgrain prices; ii) there is some indication that the degree...

Agricultural exports, which have traditionally been the mainstay of African economies, have weakened since the 1970s, giving rise to pessimism among policymakers about the prospects for long-term development of overseas export markets. As a result, policies aimed at encouraging trade between...

African countries tend to be affected by global agricultural policies in the same way as other economies but with much more severe economy-wide repercussions... The present discussion paper 1) examines the vulnerability of Africa economies with respect to global agricultural trading policies and...

"Starting in the mid-1990s, Africa embarked upon its longest period of sustained, positive per capita income growth since the 1960s. This growth recovery has made a dent in poverty and holds out hope that a number of African countries may reach the Millennium Development Goal targets for poverty...