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Vol. 045: Noman, A.N.K.: The Impact of Foreign Trade Policies and External Shocks on the Agricultural Sector of Bangladesh


This book describes the impact of foreign trade policy liberalisation and external market shocks on Bangladesh economy in general and on the agricultural sector of the economy in particular. To assess the impact, farmers and agricultural development officials are interviewed and simultaneously a computable general equilibrium model is developed and with the help of the model different policy and shock scenarios are simulated. The simulations are: Reduction/elimination of import tariff, devaluation of the real exchange rate, export and import (petroleum and chemical) price shocks in the world market, fall in workers remittance, and increase in productivity in the agricultural sector.

 The findings of the study show that there is a need for the presence of a strong government in order to help the farmers to reap the maximum benefit of the trade policy liberalisation. Further the results show that the reduction / elimination of import tariff may help to improve the performance of the economy and could help to mitigate the impact of international market price shocks through increasing the competitiveness of the economy. Substitution of imported petroleum by domestic natural gas may help the country to insulate Bangladeshi economy from petroleum price shocks in the international market.


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Farming and Rural systems Economics Vol. 45
ISSN 1616-9808
2002; 177 pp., 14 ills., 21 x 14,8 cm; paper;

28.00 EUR
Artikelnr.: 978-3-8236-1371-8
  • (price without VAT: 26.17 EUR)
  • (VAT: 1.83 EUR)