Agricultural Trade Liberalization by All Market Economies

Abstract

As we have seen in the preceding chapter, the countries liberalizing agricultural trade, in general, seem to gain from it. However, the countries that do not liberalize are often affected adversely. In particular, a number of developing countries lose when the OECD countries liberalize agricultural trade, though some of them gain when they themselves liberalize. It is thus interesting to see what happens when both OECD countries and the developing countries liberalize agricultural trade together.