This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining macroeconomic and financial sector impact, as well as offering policy recommendations for achieving stability despite volatile capital flows. The authors review recent experience with...

The effect of macroeconomic policies on the relative prices of internationally traded and domestic goods has been the subject of extensive study. Analysis of the way in which these policies then affect prices at the sectoral level is complicated by the heterogeneity of sectoral productions: even...

The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) has continued to be fiercely debated between North and South, particularly with respect to its provisions for the agricultural sector. Article 27.3(b) of the TRIPS Agreement requires WTO member countries to offer some...

This paper assesses the implications of large-scale investments in biofuels for growth and income distribution. We find that biofuels investment enhances growth and poverty reduction despite some displacement of food crops by biofuels. Overall, the biofuel investment trajectory analyzed...

Communities adjacent to forest are faced with a challenge of balancing their labour allocation decisions to the different household activities. This study was done around Kakamega forest in Western Kenya and examined empirically the factors influencing households’ labour allocation to...

Based on the results of a probit model estimated from a survey of 1625 farmers from seven major dairying regions in New Zealand, farmers’ attitudes (perception about the overall benefits) appear to be are a major governing factor of waterway fencing in all regions. While fencing in Northland...