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Submitted by Bright Elorm Doviavu on
Records has it that, more than 1.3 billion people out of the world population of approximately 7 billion people live on $1.25 a day, what it means is that, this amount will not even much up to the cost of one square meal in some developing countries not to talk of developed ones. the agenda therefore should be how to improve agriculture both at the micro and the macro level, so people can see agriculture as a lucrative business that have good return on investment. investing in agriculture will in the mid-run reduce the cost of food stuffs and so make food and other compliments accessible to all across the globe. In the long run, this singular action will end up reducing the problem of the three basic necessities of life as shelter, clothing and food since a reduction in food price arguably forms the lager part of spending budget for the rural poor and will be able to divert this resource to other areas. It is not in doubt that in improving agriculture, micro- credit will play a major role when properly monitored, but its high time investors take active part in investing in agriculture specifically in food crop production to lesson the burden on the small scale farmers in developing countries (farming must move to large scale in developing countries too). for this to be attractive, loan approvals for this purposes should be made more flexible so as to grow this sector to become a major human business in developing countries most of whose land are of good fertility to support food production. we must take some lessons from the comparative advantage theory for doing business to tackle this. this can be done on pilot basis.

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