Abdel Fattah el-Sisi, Jokowi, Modi Agricultural subsidies sometimes seek to benefit consumers at the expense of producers, especially in poor countries, and sometimes seek to benefit producers at the expense of consumers, especially in rich countries. Developing countries have learned a lot about efficient transfer mechanisms, from policy innovations, such as the conditional cash transfers of Mexico’s Progresa-Oportunidades program or Brazil’s Bolsa Família, and from technological innovations such as India’s Unique Identification system. But in countries where the adjustment does not come until a budget crisis forces it, there may be no money for transfers to cushion the pain.
Posted on: Tue, 19 Aug 2014 10:41:20 +0000
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