Author Description

Macroeconomic adjustment and sectoral reforms have strongly modified the framework for rural development in Central America. Local producers have only received marginal benefits from the liberalization of markets and the privatization of financial and commercial services. This book offers a structural analysis of agrarian policies in Central America and their impact on production conditions and farmers' welfare. It argues that the segmentation of rural factor and product markets and institutional failures have imposed severe constraints on the effectiveness of the applied policy instruments.