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BooksUNNECO 512

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Agricultural Outputs, Food Security and Economic  Development: Some Policy Options and Strategies for Africa

ECO 512: AGRICULTURAL OUTPUTS, FOOD SECURITY AND ECONOMIC DEVELOPMENT: SOME POLICY OPTIONS AND STRATEGIES FOR AFRICA

ByAnthony Orji
SchoolUniversity of Nigeria, Nsukka
DepartmentEconomics
CategoryAcademic JournalsResearch Papers
Levels100200300400500600Post Graduate
₦ 3000
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Description

It is a common knowledge that industrialization has long been considered the engine of

growth and the propeller of economic development. On the other hand, agriculture was

believed to be unresponsive to economic incentives and therefore did not apply itself to

technical change. As a result, policy makers believed that promoting industry at the

expense of agriculture would sacrifice little in output.At least, this was the conventional

wisdom in the 1970s and early 1980s. But this conventional wisdom had gone through

empirical verification, with no conclusive result yet. Again, by the late 1990s and early

2000s it became clear that agriculture was deeply influenced by some factors external to the

sector. These were industrial policies and exchange rates, which in turn affected

investment, growth and income in agriculture. Against this background, this conceptual

paper contributes to the literature by focusingon what African countries should do to

enhance agricultural outputs, food security and economic developmentwithinthecontinent.

The study therefore lays strong emphasis on the making the right use of the population,

addressing land use issues, formulating appropriate macroeconomic policies, adopting

advanced technology, improving natural resources management, investing in infrastructure,

investing in education and health, better functioning markets, improving food utilization

and enhancing rural investment climate. These are some of the policy options and strategies

that Africa can adopt to enhance her development through agricultural innovations.