Abstract
The global landscape of public and private investments in research and development (R&D) related to food and agriculture is changing dramatically. Privately performed R&D continues to give a substantial innovative edge to the higher income countries where most of this R&D takes place. However, through their public investments in R&D, the middle-income countries are growing in relative importance as producers of agricultural innovations. This pattern is reinforced by the chronic underinvestment in the lowest-income countries and shrinking investment by the high-income countries. Ample evidence of very high returns to investments in agricultural and food R&D gives strong indications of a persistent underinvestment worldwide.
Original language | English (US) |
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Title of host publication | Agriculture and People |
Publisher | Elsevier |
Pages | 78-97 |
Number of pages | 20 |
ISBN (Print) | 9780080931395 |
DOIs | |
State | Published - Jan 1 2014 |
Bibliographical note
Publisher Copyright:© 2014 Elsevier Inc. All rights reserved.
Keywords
- Benefit-cost ratio
- Consultative Group on International Agricultural Research (CGIAR)
- Crops
- Livestock
- National Agricultural Research Systems (NARS)
- Natural resources
- Rate of return
- Research intensity
- Spillovers