Cereals market liberalization in Mali

Cereals market liberalization in Mali

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Article ID: iaor20071255
Country: Netherlands
Volume: 17
Issue: 5
Start Page Number: 703
End Page Number: 718
Publication Date: May 1989
Journal: World Development
Authors: , ,
Keywords: developing countries
Abstract:

This paper analyzes the impact of the process of liberalization of cereal markets in Mali. Most consumers, including food-deficient farmers, and private grain traders have benefited from the liberalization. Efforts to tie the liberalization to a minimum support price for farmers failed because the state lacked the resources to guarantee the support price. Furthermore, the ability of different types of farmers and traders to respond to opportunities created by the liberalization has varied widely, depending on their access to productive resources, improved technologies, information, and credit. Economy-wide constraints, such as the insecurity of contracts and liquidity constraints resulting from the failure of the government to pay salaries on time, have further limited the impact of the liberalization.

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