Abstract:The agricultural sector plays a major role in Latin American economies, comprising up to 23 percent of GDP (e.g. Guatemala and Nicaragua). Of course, it is also very important to the labor market, the income of the poorest people and food security. The food crisis of 2008 has raised numerous questions about the impact of such variability on welfare and the economic sector which directly concerns the agricultural sector. Given the importance of the agricultural sector to the economies, if governments are to tak… Show more
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