Asia & the Pacific

"Biotechnology offers Africa a wider range of economic opportunities than the Green Revolution did. It is already being used to improve food production and establish or revive cotton production. Its economic impact is therefore likely to go well beyond the farm sector to include industrial development."

"The tools available to India in the 1960s are not sufficient to address the challenges that African agriculture now faces. These include a rapidly-growing population, productivity loss due to ecological disruption, environmental decay, droughts, climate change, and conflict. Biotechnology offers additional tools that can help Africa address some of these challenges. It is another moment that calls for the kind of political courage that led to the adoption of the Green Revolution."

The creation of agricultural enterprises represents one of the most effective ways to stimulate rural development. This chapter will review the efficacy of the policy tools used to promote agricultural enterprises, with a particular focus on the positive, transformative role that can be played by the private sector. Inspired by such examples, this chapter will end by exploring ways in which African countries, subregional, and regional bodies can create incentives that stimulate entrepreneurship in the agricultural sector. The chapter will take into account new tools such as information and communication technologies and the extent to which they can be harnessed to promote entrepreneurship.