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Productivity and the Performance of Agriculture in Latin America and the Caribbean: From the Lost Decade to the Commodity Boom
By Nin Pratt, Alejandro; Falconi, César; Ludeña, Carlos E.; Martel, Pedro
-Between 2001 and 2012 we observed the best performance of LAC’s agriculture of the last 30 years
-Policy changes and high commodity prices seem to have played a major role in this improved performance.
-Most important, a better policy environment allowed countries to incorporate new technologies that resulted from regional R&D investment and a growing contribution of the private sector.
-Without fast growing prices and no positive shock from policy changes, future growth will depend on the development of efficient innovation systems in the region