While agriculture's contribution to national output and employment tends to decline with economic growth, its contribution to exports need not. Neoclassical theory suggests that a country's comparative advantage in agriculture depends on its endowment of agricultural land relative to mineral...

The rapid growth of the Chinese economy during the 1980s was accompanied by an equally rapid shift in China's comparative advantage towards light manufactures, such as textiles and clothing, at the expense of agriculture. If that economy were to resume the economic reform process that was...

A multi-commodity model of world food markets is used to quantify the adverse impact of agricultural p olicies in Western Europe and East Asia on farmer welfare in Australa sia and North America. Net farm incomes for these traditional exporte rs would be one-third greater in the absence of...

This paper examines the main challenges confronting the World Trade Organization (WTO) and assesses the WTO's potential to address each of these issues in the near term. The immediate challenges include completing the integration of agriculture and textiles and clothing into the mainstream of...

How will rapid East Asian industrialisation and international trade policy reforms affect Indonesia's economy? Taking an economy-wide perspective and drawing on projections to 2005, based on a global applied general equilibrium model (GTAP), we show the impact of Uruguay Round implementation,...

Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies? economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of...