|
Economic Liberalization and Agriculture |
|
Mr J. Kydd delivered this seminar on 7 September 2002 stating that liberalization can be thought of as a bundle of institutional changes. He criticized the institutional changes required by the liberalization measures of the Washington Consensus on Agriculture. Within this framework Mr Kydd underlined that agriculture in poor regions is undercapitalized and insufficiently competitive in the global market because of policy and institutional failures (lack of infrastructural environment, poor information, missing markets, weak contract enforcement). Therefore, the lecture addressed these failures as the main obstacles to successful economic liberalization, which, in turn, should be supported by appropriate reforms of national institutions and, particularly, of rural institutions. |