George W. Norton, Jeffrey Alwang, William A. Masters
ePUB (mobile friendly)
Available on iOS & Android
eBook - ePub
Economics of Agricultural Development
World Food Systems and Resource Use
George W. Norton, Jeffrey Alwang, William A. Masters
Table of contents
About This Book
Economics of Agricultural Development examines the causes, severity, and effects of poverty, population growth, and malnutrition in developing countries. It discusses potential solutions to these problems, progress made in many countries in recent years, and the implications of globalization for agriculture, poverty, and the environment.
Topics covered in the book include:
Means for utilizing agricultural surpluses to further overall economic development
The sustainability of the natural resource environment
Gender issues in relation to agriculture and resource use
The contribution of improved technologies to agricultural development
The importance of agricultural policies and institutions to development and trade
Actions to encourage more rapid agricultural and economic development
This new edition reflects the following developments:
Growth in environmental challenges due to climate change
Continued progress in agricultural and economic development in many low-income
countries while other countries and regions are being left behind
Continued growth in demand for higher-valued farm products
This book is essential reading for undergraduate students seeking to understand the economics of agricultural development and the world food system, including environmental and human consequences, international trade, and capital flows. It contains a wealth of real-world case studies and is accompanied by a website.
Frequently asked questions
How do I cancel my subscription?
Simply head over to the account section in settings and click on “Cancel Subscription” - it’s as simple as that. After you cancel, your membership will stay active for the remainder of the time you’ve paid for. Learn more here.
Can/how do I download books?
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
What is the difference between the pricing plans?
Both plans give you full access to the library and all of Perlego’s features. The only differences are the price and subscription period: With the annual plan you’ll save around 30% compared to 12 months on the monthly plan.
What is Perlego?
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Do you support text-to-speech?
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Is Economics of Agricultural Development an online PDF/ePUB?
Yes, you can access Economics of Agricultural Development by George W. Norton, Jeffrey Alwang, William A. Masters in PDF and/or ePUB format, as well as other popular books in Volkswirtschaftslehre & Entwicklungsökonomie. We have over one million books available in our catalogue for you to explore.
1 Examines the basic dimensions of the world food situation
2 Discusses the meaning of economic development
3 Considers changes that occur during agricultural and economic development
Overview of the world food situation
One of the most urgent needs in the world today is to solve the persistent problems of hunger and poverty in developing countries. Despite significant progress in reducing these problems over the past few decades, millions of people remain ill-fed, poorly housed, under-employed, and afflicted by a variety of poverty-related illnesses. These people regularly suffer the pain of watching loved ones die prematurely, often from preventable causes. In many countries, the natural resource base is also being degraded, with potentially serious implications for the livelihoods of future generations.
Why do these problems persist? How severe are they, and what are their causes? What role does agriculture play in economic development and how might it be enhanced? What does the globalization of goods, services, ideas, technologies, and capital mean for agriculture, poverty, and environment around the world? How do policies in developed countries affect developing countries? And, how does the situation in low-income countries affect wealthier nations? An understanding of the fundamental causes of the many problems in poorer countries and the progress that has been achieved is essential if solutions are to be recognized, encouraged, and implemented.
Much has been learned over the past several years about the roles of technology, education, international trade and capital flows, agricultural and macroeconomic policies, and rural infrastructure in stimulating agricultural and economic development. In some cases, these same factors can be a two-edged sword: they contribute to economic growth on the one hand, but lead to price and income instability or environmental risk on the other. These lessons and other potential solutions to development problems are examined herein from an economic perspective. The need is stressed for improved information flows to help guide institutional change in light of social, cultural, and political disruptions that occur in the development process.
World food and income situation
Are people hungry because the world does not produce enough food? No. In the aggregate, the world produces a surplus of food, and it has for a long time, even during the COVID-19 pandemic. If the world’s food supply were evenly divided among the world’s population, each person would receive substantially more than the minimum amount of nutrients required for survival. The world population has more than doubled over the past 50 years, but food production has grown even faster.
If total food supplies are plentiful, why do people perish every day from hunger-related causes? At its most basic level, hunger is a poverty problem. Only the poor go hungry. They are hungry because they cannot afford food or cannot produce enough of it themselves. The very poorest groups tend to include: families of the unemployed or under-employed landless laborers; the elderly, handicapped, and orphans; and people experiencing temporary misfortune due to abnormal weather, agricultural pests, health crises, or political upheaval. Thus, hunger is for some people a chronic problem and for others a periodic or temporary problem. Many of the poorest live in rural areas.
Hunger is an individual problem related to the distribution of food and income within countries and a national and international problem related to the geographic distribution of food, income, and population. About 9 percent of the world’s population (roughly 700 million people) lives on less than $1.90 per day (the World Bank definition of extreme poverty), and about half the world lives on less than $5 per day. These people are found primarily in sub-Saharan Africa and South Asia, although poverty is also prevalent in East and Central Asia, Latin America and Caribbean, and Middle East and North Africa. Significant strides have been made in reducing global poverty, with the proportion of the world’s population living in extreme poverty cut by more than half over the past three decades. However, much remains to be done to alleviate poverty-related problems.
While hunger and poverty are found throughout the world, over the past 40 years per capita food production has grown steadily in most regions, and in the last 20 years it has grown in every major region, including Africa (Table 1.1). The result has been substantial progress in reducing hunger and poverty, although per capita calorie availability remains below minimum nutritional standards in many sub-Saharan countries. Low agricultural productivity (farm output divided by farm inputs), wide variations in yields due to climatic, economic, and political causes, and rapid population growth have combined to create a precarious food situation in these countries.
Annual variation in food production is also a serious problem in several countries, particularly in Africa. This variation has meant periodic severe food shortages in some countries, especially when production problems have been compounded by political upheaval or wars that have hindered international relief efforts. Production variability causes wide price swings that reduce food security for millions who are on the margin of being able to purchase food.
From 1970 to 2000, the real price of food for most people trended down slightly, and from 2001 to 2020 it exhibited a slight upward trend. U.S. prices (in nominal or “current” dollars) of maize, rice, and wheat (the world’s major food grains) are shown in Figure 1.1. Despite peaks in 1972, 1981, 1996, 2008, and 2011, the average prices of all three grains fluctuated around a relatively constant level. The prices of most other things rose more steadily over the entire period, so for most people the relative price of food fell slightly, except during the peak years noted above. This reduction in the price of food was both good and bad because prices affect economic growth and social welfare in a contradictory fashion. Lower food prices benefit consumers and stimulate industrial growth but can lower agricultural producer incomes and reduce employment of landless workers. To the extent that lower prices reflect lower production costs, impacts on producers may be mitigated.
The three grains shown in Figure 1.1 have exhibited sizable year-to-year price variations. Food price fluctuations directly affect the well-being of the poor, who spend a high proportion of their income on food. Food price instability can increase human suffering and threaten political stability. Food price swings have resulted from a combination of factors that shifted supply and demand. Supply factors included such items as adverse weather conditions and fuel and fertilizer costs. Demand factors included items such as demand for grains for bio-fuel use, population and income growth in many developing countries, changes...
Table of contents
Citation styles for Economics of Agricultural Development
APA 6 Citation
Norton, G., Alwang, J., & Masters, W. (2021). Economics of Agricultural Development (4th ed.). Taylor and Francis. Retrieved from https://www.perlego.com/book/2554748/economics-of-agricultural-development-world-food-systems-and-resource-use-pdf (Original work published 2021)
Norton, George, Jeffrey Alwang, and William Masters. (2021) 2021. Economics of Agricultural Development. 4th ed. Taylor and Francis. https://www.perlego.com/book/2554748/economics-of-agricultural-development-world-food-systems-and-resource-use-pdf.
Norton, G., Alwang, J. and Masters, W. (2021) Economics of Agricultural Development. 4th edn. Taylor and Francis. Available at: https://www.perlego.com/book/2554748/economics-of-agricultural-development-world-food-systems-and-resource-use-pdf (Accessed: 15 October 2022).
MLA 7 Citation
Norton, George, Jeffrey Alwang, and William Masters. Economics of Agricultural Development. 4th ed. Taylor and Francis, 2021. Web. 15 Oct. 2022.