Agricultural Trade Policy In Developing Countries During Take Off

Agricultural trade has always been one of the most sensitive international trade issues. Governments around the world have long been reluctant to abandon policy instruments that give them influence over domestic prices and allow them to raise revenues. This study looks briefly at the agriculture and trade policies of six different developing countries, each of which has enjoyed unusually high rates of economic growth and development: South Korea, Malaysia, Indonesia, Viet Nam, Chile, and Botswana. Their experience may shed further light on the extent to which governments should retain their powers to intervene in trade as opposed to relinquishing them in favour of market liberalisation.