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December 02, 2005


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I saw an interesting data on the projection of world wide production and consumption of rice in the coming years. It says the world wide rice production will be surpassed by the consumption in 2007. I quoted the article (written in Korean) in my blog. Even if we admit the short term benefit from agricultural liberealization is $50 to $185 billion, long term benefit may not be positive especially when we consider the price elasticity of agricultural products.

Have you by any chance read a paper on the long term effect of agricultural liberalization? I'm looking here and there to no avail so far.

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