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 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.

"The Green Revolution played a critical role in helping to overcome chronic food shortages in Latin America and Asia. The Green Revolution was largely a result of the creation of new institutional arrangements aimed at using existing technology to improve agricultural productivity. African countries are faced with enormous technological challenges. But they also have access to a much larger pool of scientific and technical knowledge than was available when the Green Revolution was launched in the 1950s."