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World
Development Report 2008: Agriculture for Development
World Bank
October 19, 2007
http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/EXTWDRS/EXTWDR2008/0,,menu
PK:2795178~pagePK:64167702~piPK:64167676~theSitePK:2795143,00.html
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World
Development Report 2008 calls for greater investment in agriculture
in developing countries. The report warns that the sector must be
placed at the center of the development agenda if the goals of halving
extreme poverty and hunger by 2015 are to be realized.
- While 75
percent of the world's poor live in rural areas in developing
countries, a mere 4 percent of official development assistance
goes to agriculture.
- In Sub-Saharan
Africa, a region heavily reliant on agriculture for overall growth,
public spending for farming is also only 4 percent of total government
spending and the sector is still taxed at relatively high levels.
- For the
poorest people, GDP growth originating in agriculture is about
four times more effective in raising incomes of extremely poor
people than GDP growth originating outside the sector.
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