The globalization and markets research program (GRP2) is designed to help national policy makers, researchers, international organizations and agriculture-sector stakeholders in developing and developed countries to better evaluate the implications of different scenarios of trade liberalization and globalization. It is also designed to help decision makers develop adequate related policies and societal responses for rural development, poverty alleviation, and food security, including alleviation of the economic barriers that prevent farmers in developing countries from benefiting from greater market-based opportunities. Policy changes supported by this research are expected to accelerate income growth through increased access to both domestic markets and international trade.
The basic assumption underlying the research program is that appropriate policy can promote market development and trade, which in turn can improve incomes of the poor, particularly in rural areas. Moreover, existing institutional capacities in developing countries can be strengthened through capacity building in order to process the research information and transform it into operational policies and institutions more efficiently. High-quality research appropriately presented and communicated influences policy when there are viable political coalitions to support the changes.
Research in this program relies intensively in high quality quantitative analysis using partial equibrium models, general equilibrium models (e.g. MIRAGE), econometrics of trade and databases (e.g. MAcMapHS6).