Abstract
The article deals with state intervention in agrarian produce markets and the rural labour market in post‐revolutionary Nicaragua. Basing itself in the debate about the Nicaraguan agrarian class structure, it analyses the development of the internal terms of trade, the rapid integration of the peasantry in the market and its positive response to recent liberalisation measures. The labour market seems to show developments contrary to economic logic. Detailed analysis concludes that labour demand declined more slowly than supply. However, only recently this led to higher real wages after a long period of deterioration. Further income differentiation also seems a possible unwanted outcome.
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