This report evaluates the World Bank's experience with the fifty agricultural adjustment operations (agsecals) approved by the Board since 1979 and reflects the impact of Bank programming of a world wide shift in the development paradigm. The report looks at theory and impact, focusing on supply...

Drawing on experience with direct income-support programs recently introduced in the European Union, Mexico, and the United States, the authors highlight problems that may arise when a developing economy's agricultural sector moves from price-based subsidies to income support programs. They...