Trade, exchange rate, and agricultural pricing policies in the Philippines

Abstract

This report analyzes the effects of trade and pricing policies on agriculture during 1960-1985. It shows how government intervention altered agricultural incentives, output, incomes of the rural population, food consumption, and foreign exchange earnings. The authors differentiate between direct intervention and indirect intervention. Particular attention is paid to rice and corn, the main food grains of the Philippines, and sugar and coconuts, the chief export crops. The authors point out that price intervention substantially reduced sugar and coconut production, thereby shifting the country's main areas of political dissension from the rice-growing regions in the central Philippines to the sugar and coconut-producing regions south of Manila. -from Authors

Source or Periodical Title

Trade, exchange rate, and agricultural pricing policies in the Philippines

Document Type

Article

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