Economics of Agricultural Development

World Food Systems and Resource Use, 3rd Edition

By George W. Norton, Jeffrey Alwang, William A. Masters

© 2014 – Routledge

468 pages | 85 B/W Illus.

Purchasing Options:
Paperback: 9780415658232
pub: 2014-09-24
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Hardback: 9780415658225
pub: 2014-09-25
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About the Book

Economics of Agricultural Development examines the causes, severity, and effects of poverty, population growth, and malnutrition in developing countries. It discusses potential solutions to these problems, progress made in many countries in recent years, and the implications of globalization for agriculture, poverty, and the environment.

Topics covered in the book include:

• Means for utilizing agricultural surpluses to further overall economic development

• The sustainability of the natural resource environment

• Gender issues in relation to agriculture and resource use

• The contribution of agricultural technologies

• The importance of agricultural and macroeconomic policies as related to development and trade, and the successes and failures of such policies

• Actions to encourage more rapid agricultural and economic development

The globalization of trade in goods, services, and capital has been fundamental to changes being experienced in the agricultural and rural sectors of developing countries. It has major implications for the fight against poverty and food insecurity and for environmental sustainability. Recently, agriculture has returned to a position of center stage in the development dialog as food price volatility has increased along with water scarcity, and concerns grow over the effects of climate change on food supply and food security.

This new edition of the essential textbook in the field builds on the 2010 edition and reflects the following developments:

• Growth in foreign demand for land and other natural resources

• Significant progress in agricultural and economic development in some low-income countries while others are being left behind

• Continued growth in demand for higher-valued farm products

This book is essential reading for undergraduate students seeking to understand the economics of agricultural development and the world food system, including environmental and human consequences, international trade, and capital flows.

This book contains a wealth of real world case studies, and is accompanied by a website that includes powerpoint lectures, a photo bank, and a large set of discussion and exam questions at http://ecagdev.agecon.vt.edu/.

Table of Contents

1. Introduction 2. Poverty, Hunger and Nutitition 3. Economics of Food Demand 4. Population 5. Economic Transformation and Growth 6. Development Theories and Growth Strategies 7. Traditional Agriculture 8. Agricultural Systems and their Determinants 9. Climate Change 10. The Natural Resource Base 11. Human Resources, Family Structure and Gender 12. Theories and Strategies for Agricultural Development 13. Agricultural Research 14. Land and Labour Markets 15. Input and Credit markets 16. Pricing Policies and Marketing Systems 17. Trade Policies, Negotiations and Agreements 18. Macroeconomic Policies and International Development 19. Capital Flows and Foreign Assistance 20. Lessons and Perspectives

About the Authors

George W. Norton is Professor of Agricultural and Applied Economics at Virginia Polytechnic Institute and State University, Blacksburg, USA.

Jeffrey Alwang is Professor of Agricultural and Applied Economics at Virginia Polytechnic Institute and State University, Blacksburg, USA.

William Masters is Professor of Food and Nutrition Policy at Tufts University, Medford, MA, USA.

About the Series

Routledge Textbooks in Environmental and Agricultural Economics

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS068000
BUSINESS & ECONOMICS / Development / Economic Development
BUS069020
BUSINESS & ECONOMICS / International / Economics
BUS070010
BUSINESS & ECONOMICS / Industries / Agribusiness
BUS072000
BUSINESS & ECONOMICS / Development / Sustainable Development
BUS099000
BUSINESS & ECONOMICS / Environmental Economics