New Evidence Overturns Traditional Approaches to Agriculture Investment
The majority of the world’s poor live in rural areas, with 70 percent of the rural poor working in agriculture. Ramping up agricultural productivity will be critical to lifting these households out of poverty.
“Governments in developing countries spend large amounts on agricultural extension services,” said Director of Research Asli Demirguc-Kunt at a recent Policy Research Talk on agriculture. “But there are many other constraints that impede productivity-enhancing investments. It’s quite challenging to design policies that will deliver the biggest bang for the buck.”
These constraints are most evident in Sub-Saharan Africa. While the Green Revolution has helped triple or quadruple cereal yields in most regions of the world over the last 50 years, agricultural productivity in Sub-Saharan Africa has been stagnant.
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