Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insurance is unavailable, diversification can reduce the economic impact of shocks....

Summary This study assesses the generation and consequences of the In-Trust Agreements (ITAs) that established the legal status of the CGIAR germplasm as freely available for the benefit of humanity under the auspices of FAO. The analysis looks at the history of the ITAs and focuses on the role...