Science for tomorrow - the long lags in productivity enhancement

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Chapter 16 in Food Security, 2023, pp 159-170 from Edward Elgar Publishing

Abstract: Increases in agricultural productivity do not arrive like ‘manna from heaven’ - they are the result of increasingly sophisticated scientific advances. They take time to come to fruition. The lag from a scientific discovery until its benefits are fully diffused in the economy is upwards of a quarter-century. That means that investments today will not provide full benefits until 2050. There is well-documented underinvestment, both public and private, in agricultural research and development. As a result, future global food security is not assured.

Keywords: Development Studies; Economics and Finance; Environment; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2023
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