We use a dynamic analysis of cotton farms and sector, based on the vulnerability and poverty trap concepts, in order to asses the impacts of the liberalization. We use a sample of a hundred farms from South Mali and highlight a downturn of productive assets between 2003 and 2010. In a period...

</titre> Large-scale gold mining in Mali has mitigated impacts: gold has become the major export product and a significant source of government revenues. It probably compensated for the cotton decline. But this large-scale production with limited backward and forward linkages offers few opportunities if...