The World Grain Trade

Behind the statistical outcomes of international trade are the institutions and policy-makers that shape performance in the international market place. But even though trading outcomes are a matter of record, for most nations very little is known about the institutional and policy frameworks that determine a nation's success or failure. In this comparative study of five nations - Argentina, Brazil, Australia, Canada and the United States - a team of experts on international agricultural trade analyzes the institutions and policies supporting the international grain trade. There is special emphasis on macroeconomic policy, marketing, the role of the public sector, and the legal and regulatory context.