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  • A perpetual question on the minds of many Filipinos is Why do we import rice? This book points to geography - the Philippines imports rice because it is a nation of islands without any major river deltas like those in Thailand and Vietnam, the world's top two rice exporters. The authors also point out that trade liberalization does not necessarily translate into more imports. Rather, it means that the price for a specific commodity inside a country (the domestic price) becomes the same as the price for that same commodity outside the country (the world price), after taking account of the exchange rate and transportation costs. Why does the Philippines import rice? promises to be an enlightening read to those interested in the effects of trade liberalization on the poor. Although written by experts on the rice economy, it is a must-read for the general public.

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