• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Past approaches
      • The emerging problems of state agricultural market control
      • Economic liberalization: market relaxation and state compression
      • Post-structural adjustment market reforms
      • Conclusion
    • See Also
    • Bibliography
    • How to cite this article

agricultural markets in developing countries

Christopher B. Barrett and Emelly Mutambatsere
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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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 market 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.
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Keywords

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Article

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How to cite this article

Barrett, Christopher B. and Emelly Mutambatsere. "agricultural markets in developing countries." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 21 October 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_A000209> doi:10.1057/9780230226203.0023

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