Over the last 40 years, economic globalization (EG) in the world's poorest nations has only accelerated. The agricultural industry is not immune to the positive and negative effects of EG. Time series secondary data from a variety of sources was used to conduct the current investigation. Many different commodities and products were studied in order to capture the patterns and results of agricultural commerce. As a result of modern globalization, the prices at which agricultural and other goods may be traded internationally have fallen.

globalization; trade costs; distorted incentives; agricultural.