| Abstract: | The liberalization of national marketing systems has suddenly taken a tangible form on a worldwide scale. Why have governments, hitherto clinging to State participation and controls, especially in their agricultural and currency trading systems, changed their policies so swiftly? Are market structures, entrepreneurial and private-sector financing potentials capable of filling the gap? Will the liberalization move lead to the envisaged competitive market and price mechanism with its resource-mobilizing effects, or will this move get stuck somewhere in between, inviting resurrection of interventionist policies? This article provides both evidence and analysis on these questions, in an assessment of the process of radical policy changes faced by the food and agricultural marketing systems in most developing countries. Notes, ref. |