Cotton Sector Strategies in West and Central Africa
Louis M. Goreux,
Paul Masson (),
Dhaneshwar Ghura and
No 02/173, IMF Working Papers from International Monetary Fund
Cotton production in West and Central Africa (WCA) has contributed to growth and poverty reduction. Recently, the objective of poverty alleviation has been adversely impacted by the downward pressures on world prices (exacerbated by subsidies by major cotton producers outside Africa). Several countries in WCA are undergoing reforms in the cotton sector to stimulate greater market competition and raise the share of the international price going to farmers. While these efforts would help to improve rural income irrespective of the world market situation, they would be more powerful in combination with a reduction in other countries’ subsidies in this sector.
Keywords: Africa; World Cotton Market, Cotton Subsidies, Cotton Sector Reform, West and Central Africa, cotton sector, farmers, crop, cotton production, farm, Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection, Trade: General, Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, (search for similar items in EconPapers)
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