If there were a major food crop failure, there is not enough food available on the international market to make up the difference. Ag. Research still vital Food prices falling c. 1%/ year Production costs falling c. 1+%/ year Countries not investing in ag. Research are creating a food shortage time bomb.
Policy: an overall plan, principle, or guideline Policy without institutional implementation is usually ignored in fact. Institution: an organization founded and united for a specific purpose How Gov’ t carries out its responsibilities
Emerging consensus on role of government v. rural resource users. It is the economic actors who actually create the added value to society through their activities. Government facilitates the achievement of goals by creating a favorable legal and political environment.
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