Agriculture and the Least Developed Countries
By admin July 25, 2018

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Even though the world’s farmers are producing enough calories to feed the entire population plus an additional 1.6 billion people, hunger remains an issue as the calories are not evenly distributed. Innovation in food production has helped feed a growing population. However, in the least developed countries (LDCs), advancements in agricultural technology are lagging behind.

In LDCs, agriculture accounts for 30 to 60% of gross domestic product (GDP) and up to 70% employment. Recent data indicates that there was no increase in agricultural output however in these countries, and in some cases, even a slight decline. Even though the countries have wide opportunities to expand food production, LDCs are increasingly dependent on food imports. Vast investments throughout various sectors have allowed LDCs to enter the early stages of technological advancement. However, obtaining the foreign investment necessary to achieve this growth was challenging.

Biotechnology offers advances, but also setbacks in exports, as advanced countries are able to increase productivity. Nonetheless, to respond to the increasing demand for food and lower prices, a shift in investments to the agricultural sector and available technology seems necessary, especially as the performance of agriculture directly impacts the well-being of a population. Development of the agricultural sector is vital for inclusive and sustainable development throughout the country.

For more information:

Globalization, Agriculture and the Least Developed Countries

The Case for Increased Aid to LDCs for Agricultural Development

History of Agriculture

The Role of Agriculture in the Development of Least-Developed Countries and Their Integration into the World Economy

Sustainable Agriculture and Food Security in LDCs

The Role of Agriculture in Closing Development Gaps of LDCs

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