Agricultural Markets in Developing Countries

THE NEW PALGRAVE DICTIONARY OF ECONOMICS, 2nd Edition, Lawrence E. Blume, Steven N. Durlauf, eds., London: Palgrave Macmillan, Forthcoming

12 Pages Posted: 26 Jun 2008

See all articles by Christopher B. Barrett

Christopher B. Barrett

Cornell University - Charles H. Dyson School of Applied Economics & Management; Cornell SC Johnson College of Business

Emelly Mutambatsere

affiliation not provided to SSRN

Abstract

The history of agricultural markets in developing countries reflects attempts to establish the appropriate government responses to the inefficiencies created by incomplete institutional and physical infrastructure and imperfect competition. Government intervention in the 1960s and 1970s to resolve market failures gave way in the 1980s to market-oriented liberalization to "get prices right" and, more recently, to "get institutions right". But markets openness may accentuate the latent dualism of a modern, efficient marketing sector, accessible only to those with adequate scale and capital, alongside a traditional, inefficient marketing channel to which the poor are effectively restricted.

Suggested Citation

Barrett, Christopher B. and Mutambatsere, Emelly, Agricultural Markets in Developing Countries. THE NEW PALGRAVE DICTIONARY OF ECONOMICS, 2nd Edition, Lawrence E. Blume, Steven N. Durlauf, eds., London: Palgrave Macmillan, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1142518

Christopher B. Barrett (Contact Author)

Cornell University - Charles H. Dyson School of Applied Economics & Management ( email )

315 Warren Hall
Ithaca, NY 14853-7801
United States
607-255-4489 (Phone)
607-255-9984 (Fax)

HOME PAGE: http://aem.cornell.edu/faculty_sites/cbb2/

Cornell SC Johnson College of Business ( email )

Ithaca, NY 14850
United States

Emelly Mutambatsere

affiliation not provided to SSRN ( email )

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