Investing in Agriculture for Growth and Food Security in the ACP countries

Jakob Skoet, Kostas Stamoulis and Annelies Deuss
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Kostas Stamoulis: Agricultural and Development Economics Division, Food and Agriculture Organization

No 04-22, Working Papers from Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA)

Abstract: Countries in the ACP region will face significant challenges in the years to come as they try to step up economic growth, deal with increasingly integrated world markets and meet the Millennium Development Goals (MDGs), especially those focused on hunger and poverty. These efforts will take place in the face of declining external assistance and many competing demands on resources. The analysis in the paper shows that agriculture and rural economic activities are essential for growth, poverty reduction and food security especially for the poorer countries in the region. However trends in public resource mobilisation for agriculture and rural development (in terms of both domestic spending and Official Development Assistance) do not reflect that important role. Estimates are provided for incremental public resource needs for the ACP countries to meet the WFS goal of halving hunger by 2015.

Keywords: ACP; Agricultural development; Economic growth; Financing; Food security; Investment policies; Production increase; Rural development; Rural development strategies; World markets (search for similar items in EconPapers)
JEL-codes: F35 H54 H55 O12 Q18 R11 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2004
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Citations: View citations in EconPapers (1)

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