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Overcoming Market Constraints on Pro‐Poor Agricultural Growth in Sub‐Saharan Africa
Author(s) -
Poulton Colin,
Kydd Jonathan,
Dorward Andrew
Publication year - 2006
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/j.1467-7679.2006.00324.x
Subject(s) - investment (military) , agriculture , corporate governance , business , price support , ordination , control (management) , public good , economics , public investment , public economics , economic policy , natural resource economics , finance , political science , microeconomics , ecology , management , machine learning , politics , law , biology , european union , computer science
In sub‐Saharan Africa, there is fairly broad agreement that increased investment in key public goods such as roads and communications infrastructure, agricultural research and water control will be required if revitalised agricultural development is to take place. However, it has proved more difficult to reach agreement on what needs to be done to improve the performance of agricultural markets. In this article we set out an agenda for investment and policy reform in this area, providing a brief theoretical examination of the co‐ordination problems involved before examining in turn demand and supply constraints affecting smallholder farmers, and policies for price stabilisation and the co‐ordination of support services. We also argue that increased attention needs to be paid to governance issues.