In This Review

Agricultural Price Policy For Developing Countries
Agricultural Price Policy For Developing Countries
Edited by John W. Mellor and Raisuddin Ahmed
Johns Hopkins, 1988, 327 pp.

Should the governments of developing countries hold down food prices or push them up to encourage farmers to increase production and modernize? The choice "is intensely political," and if a government aims at stability it must cope with the fluctuations of demand, supply and prices in the world economy. The expert authors, who are mostly members of the staff of the International Food Policy Research Institute, thrashed out their analysis in a conference with a group of senior government officials from developing countries.