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Policy Research and African Agriculture: Time for a Dose of Reality?

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Type: Working Paper
Author: Omamo, Steven; Farrington, John
Date: 2004
Agency: Overseas Development Institute, London
Series: Natural Resource Perspectives, no. 90
URI: https://hdl.handle.net/10535/4242
Sector: Agriculture
Region: Africa
Subject(s): economic policy
agricultural development--economics
rural affairs
markets
Abstract: "This paper argues that, for the rural poor in Africa, market failure is more the norm than the exception. Despite the growing attention given to market imperfections of the kind highlighted by New Institutional Economics, much policy advice on the agricultural economy in African countries remains based on unrealistic analysis and assumptions. To make policy advice more relevant requires a better understanding not only of how markets (mal)function, but also of implementation issues--what constrains implementability, how constraints can be overcome or bypassed, and what policy measures have greater or lesser prospects of implementation."

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