The paper analyzes the impact of partial liberalization of trade and changes in world prices of agricultural … household groups while world market price increases decrease welfare. It means that although trade liberalization generates a … welfare increase for households but this is dependent on the relative level of world commodity prices. Our results are based …

growth, and added to inequality and poverty because no less than three-quarters of the billion poorest people in the world … have been dependent directly or indirectly on farming for their livelihoods (World Bank 2007). The purpose of the rest of …-five) spanning the three key regions: Asia (where nearly two-thirds of the world's poor live), Sub-Saharan Africa, and Latin America. …