Rural development: from vision to action by Alex F. McCalla, Wendy S. Ayres, World Bank Group
By Alex F. McCalla, Wendy S. Ayres, World Bank Group
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Rural development: from vision to action
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Extra info for Rural development: from vision to action
Sample text
Indonesia and Thailand also experienced strong agricultural growth prior to the period of high nonagricultural growth, which continues today. Agricultural growth stimulates economic growth in nonagricultural sectors, which results in increased employment and reduced poverty. Sustained nonagricultural growth, particularly in the poorest countries, is not likely without first addressing agriculture. An adequate linkage of the rural and urban economies through the food marketing system is essential to foster growth across the national economy and sustainable growth of the rural economy.
In 1992 the IFC reorganized its agribusiness staff into a single department to serve all the Regions, adopted a supply-chain Page 5 approach with projects ranging from production to final consumption, aggressively cleaned up its portfolio, and selectively made new investments in countries with appropriate enabling macroeconomic and sectoral policies. As a consequence IFC's agribusiness portfolio performance has improved dramatically, and is now in line with the rest of IFC and growing rapidly. Actions to Improve Performance Actions taken by the Bank have led to improved performance of its portfolio of agricultural and rural development projects, and to improved quality at entry.
Series. 1'412'091724dc21 97-17433 CIP The text and the cover are printed on recycled paper, with a flood aqueous coating on the cover. Page iii Contents Acknowledgments vi Foreword vii Abbreviations and Acronyms x Executive Summary 1 Chapter 1 The Context 21 Chapter 2 If Rural Development Is So Important, Why Is It Not Happening? 1 Recent grain price increase: long-term trend or short-term spike? 1 Is it better to focus on food crops or export crops? 2 High-profile initiatives in coordination with other actors 65 Page vi Acknowledgments This strategy was prepared with the active participation of rural development and agriculture staff from all parts of the World Bank Group.