Beyond Market Liberalization

Most African countries experienced dramatic agricultural market reforms over the 1990s. This has resulted in significant changes in the operation of the agricultural markets and, consequently, in income generation and welfare of rural households. In the case of Madagascar, the results suggest that market reforms and corresponding adjustments in rural markets have had an average positive effect on food security for the rural households. However, richer households seemed to have benefited more than the poorer households. This text provides a study of the market reforms, focusing particularly in the changes brought to welfare, income and environmental sustainability in rural areas. The study aims to be of particular interest to economists and those involved in development and environmental issues.