Key Steps to Improve Agribusiness Competitiveness, Part II
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International Finance Corporation, Washington, DC
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Agriculture is central to emerging
market economies. In Africa it accounts for as much as 65
percent of employment and 32 percent of output. Globally,
two-thirds of the world’s poor - some 750 million people -
work in rural areas. But as economies expand and production
shifts to manufacturing and services, agriculture’s share of
employment, and gross domestic product (GDP) decreases. At
the same time, the broader agribusiness industry - business
activities performed from farm to fork - is playing a more
important role in growth and development. Improved land
rights, better regulation of input and output markets, and
better access to seeds and fertilizer are all critical to
this transition. In part II, the emphasis is on a shift of
research and development (R and D) spending from the public
sector to private enterprises in middle-income countries
focused on market opportunities related to advanced
technologies and knowledge transfers. And a new emphasis on
agricultural marketing, logistics, and market data is
helping to integrate small farms into agricultural value
chains, with higher prices for their products, greater
productivity growth, and more sustainable overall development.
Palabras clave
AGRICULTURAL PRODUCTIVITY, AGRIBUSINESS, COMPETITIVENESS, EXPORT COMPETITIVENESS, RESEARCH AND DEVELOPMENT, LOGISTICS, MARKETING, AGRICULTURAL EXTENSION, PUBLIC EXPENDITURE, PRIVATE INVESTMENT, TECHNOLOGY TRANSFER