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The interaction between macroeconomic and agricultural sector reforms is of vital importance to developing and East European economies, whose agricultural sectors account for major shares of economic activity and income. Derived from a conference organised jointly by the Centre for Economic Policy Research and the OECD Development Centre, the papers in this volume adopt an open economy perspective to reform, and throw light on the sequencing of reforms in the context of structural adjustment and 'intersectoral imbalance'. Leading international figures examine the stabilisation of agricultural prices and income, the public finance dimensions of agricultural reform, and the prospects for policies of liberalisation and trade reform currently being adopted in many developing and East European countries.