Agricultural Development Policy: Concepts and Experiences by Roger D. Norton

By Roger D. Norton

Ready less than the aegis of the meals and Agriculture association of the United countries (FAO), this article provides a clean and complete examine agricultural improvement coverage. It presents a transparent, systematic evaluation of vital sessions of coverage matters in constructing nations and discusses the rising overseas consensus on potential methods to the problems.

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It is worth recalling the discussion in Chapter 1 about the importance of agricultural development for the growth of the entire economy. • Social sustainability. The strategy also must improve the economic well-being of lower income groups and other disadvantaged groups, including women. Otherwise, it loses social viability. • Fiscal sustainability. Policies, programs and projects whose complete sources of financing are not identified should not be undertaken. e. ways to foster cost recovery. • Institutional sustainability.

Implementation plans and monitoring are essential components of successful implementation. 1 The Price Linkage The relationship between agriculture and the macroeconomy gives rise to a number of important questions for policy making and strategic planning. Can a successful agricultural policy be designed and implemented independently of the macroeconomic framework? Conversely, are there circumstances in which macroeconomic policy must be modified if agricultural policy is to achieve its aims? If so, what are the tradeoffs at the economy-wide level?

Competitive markets may not be optimal There . . are goods and services that societies believe will either not be provided in adequate amounts by competitive markets owing to economies of scale (public utilities), or not be utilized in socially optimal amounts by certain segments of the population. The latter is the argument for providing free primary and secondary education. . Because of the path-breaking work of . . Theodore W. Schultz (1964)9, the important role of investment in human capital in economic growth has received increasing consideration.

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