3. Debates & Uncertainties
Rural transitions
Small & large
farms
Failings in rural
markets
Stabilising
markets
Land policy
Competitiveness
& value chains
Technology Trade Climate change
Environmental
sustainability
4. Consensus on Agricultural
Growth
Rural Investment Climate
• Doesn’t have to be perfect! [Rodrik]
Rural Public Goods
• Roads, Power, Irrigation, etc.
• Education, Health, Water
• Research & Extension
5. SE Asia: 3 preconditions
for ↑growth
& ↓poverty
Macroeconomic stability
low inflation, currency overvaluation
Economic freedom
for farmers & entrepreneurs
Pro-poor public spending
on agriculture, public services, rural infrastructure
Source: Henley & van Donge 2012
7. Failings in Rural Markets
• SF don’t get inputs,
finance, TA, marketing
needed…
• …but technology exists!
• Female farmers hit
harder
• Poverty Trap [Sachs]
• … but what’s the problem?
7
High T Costs?
Governmen
t failure?
Real
costs?
8. Failings in rural markets: solutions?
State intervention?
e.g. Fert Sub
Institutional
Innovation
e.g. Contracts, Co-ops,
etc.
8
9. Key References
• Wiggins, Steve, John Farrington, Giles Henley,
Natasha Grist Anna Locke, 2013, Agricultural
development policy: a contemporary agenda,
Background Paper for GIZ, London: Overseas
Development Institute --- see Summary,
Chapter 2
•