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In the early 1980s, Colombia's economic performance slowed. During 1983-84, when this study was completed, Colombia's external accounts were facing significant difficulties. Faced with growing balance of payments problems, the government initiated an adjustment program that emphasizes export development and fiscal and monetary restraint. Some of the problems of the external sector during the first half of the 1980s could be attributed to a slowdown in the expansion of noncoffee production and exports combined with a downswing in coffee prospects. Equally important, however, were the unfavorable trends in the capital markets, which were responding to the economic and debt woes of Latin America. While international factors are crucial to an understanding of the evolving situation, this study is focused on domestic measures managed by policymakers. The book also establishes some of the requirements of medium-term performance and, emphasizing the need for sectoral revitalization, it reviews growth options in agriculture. The book is in four parts. First, it discusses trade-related macroeconomic policies, with special attention given to their connection with agriculture. This discussion includes: an overview of issues and the effects of macroeconomic policy on the agricultural sector; a review of export policy focused on management of export incentives; and import policy alternatives. Second, the study includes an assessment of price policies in agriculture, including price support and import restrictions; price stabilization issues; and policies regarding coffee production and pricing, and issues related to agricultural diversification. Third, the study examines nonpricing issues that influence the production environment in agriculture, including public and private sector investment in agriculture, and direct policies aimed at increasing agricultural productivity. Finally, the study draws out the main conclusions of the work.
This report investigates the income and equity effects of macroeconomic policy reforms in Zimbabwe, emphasizing linkages between macroeconomic policies and agricultural performance and agriculture's influence on aggregate income and its distribution. Analyses focus on reform of the foreign trade regime, public expenditure, and tax policy, along with the potential benefits of combining these structural changes with various land reform scenarios. The study uses a CGE model that provides a policy simulation laboratory in which exogenous policy changes are analyzed for their economywide income and equity effects.The report highlights the need for policy complementarities in Zimbabwe that can contribute to equitable growth. It should be of interest not only to those concerned with recent economic developments in Zimbabwe but also to those concerned with the broader issues of macroeconomic reform and its ultimate effects.
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
This book sets out to investigate the process of agrarian change from new angles and with new results. It starts on firm ground rather than from abstract economic theory. Upon its initial appearance, it was heralded as "a small masterpiece, which economic historians should read--and not simply quote"--Giovanni Frederico, Economic History Services. The Conditions of Agricultural Growth remains a breakthrough in the theory of agricultural development. In linking ethnography with economy, developmental studies reached new heights. Whereas "development" had been seen previously as the transformation of traditional communities by the introduction (or imposition) of new technologies, Ester Boserup argues that changes and improvements occur from within agricultural communities, and that improvements are governed not simply by external interference, but by those communities themselves Using extensive analyses of the costs and productivity of the main systems of traditional agriculture, Ester Boserup concludes that technical, economic, and social changes are unlikely to take place unless the community concerned is exposed to the pressure of population growth.
Annotation The subject matter of agricultural economics has both broadened and deepened in recent years, and the chapters of this Handbook present the most exciting and innovative work being done today. Following Volume 1, Volume 2 consists of three parts: 'Agriculture, Natural Resources and the Environment', 'Agriculture in the Macroeconomy' and 'Agriculture and Food Policy'. Although agricultural economists have always paid attention to these topics, research devoted to them has increased substantially in scope as well as depth in recent years.