Many low-income countries pursue cheap-food policies in which consumers pay subsidized prices for bread, rice and other staples. This paper addresses the issue of why different governments select different food subsidy policies, using multiple instruments rather than a simple across-the-board...

Special circumstances in the agricultural sector have limited the use of comparative advantage in addressing the planner's dilemma of allocating investment between industry and agriculture and in examining the doctrine of food selfsufficiency. A three-factor model of agricultural trade,...