Commentaries on the Trade Regime | Land Portal

Resource information

Date of publication: 
January 1987
ISBN / Resource ID: 
129429
Pages: 
4 pages
Copyright details: 
IFPRI adheres to the basic tenets of the Budapest Open Access Initiative, articulated in 2002 (subject to any applicable third-party rights and or confidentiality obigations). All applicable data are subject to IFPRI’s Institutional Review Board (IRB) guidelines. Copyright © 2013 International Food Policy Research Institute (IFPRI). All rights reserved.

Oyejide's chapter poses the problem of choice of policy instruments. As political motivations dominate in many countries in sub-Saharan Africa, the choice of policy instruments has been very often erratic. Oyejide clearly illustrates this dilemma. Protection under an inward-looking regime combined with overevaluation has directed resources away from the agricultural sector in Nigeria, inflicting heavy cost on rural consumers and producers while subsidizing urban consumers. In many other countries, particularly Ivory Coast, an outwardlooking policy limited protection of the industrial sector, and sound fiscal and distributional policies have raised incomes in rural areas and maintained a steady increase in export commodity and food production.

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