From Prices to Incomes

Download or read book From Prices to Incomes written by John Baffes and published by World Bank Publications. This book was released on 1997 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In theory, moving from price-based subsidies for agriculture to less-distorted income support programs makes sense. In practice, income-support programs have many shortcomings, and developing countries may lack the support mechanisms needed to make them effective. Drawing on experience with direct income-support programs recently introduced in the European Union, Mexico, and the United States, Baffes and Meerman highlight problems that may arise when a developing economy's agricultural sector moves from price-based subsidies to income support programs."--World Bank.