"Millions of Africans spend their entire lives poor, hungry, and malnourished, and most depend on agriculture for their livelihoods, either directly or indirectly. Despite its potential to drive economic growth and poverty reduction, however, African agricultural development has remained disappointing-whether because of underinvestment or poor returns to investments. This book, Institutional Economics Perspectives on African Agricultural Development, is inspired by the conviction that effective African agricultural development requires building better institutions. It provides an accessible synthesis of new institutional economics theory and research into understanding and improving African agriculture, particularly smallholder agriculture. Interspersing theory with case studies from a wide range of countries, the book addresses such policy issues as how markets for different commodities and services function in different political, cultural, and economic contexts. It not only makes an important contribution to the existing literature, but also provides development practitioners, policymakers, and graduate students working-or intending to work-in these fields with essential knowledge and tools for addressing these challenges. OVERVIEW: Theoretical and Conceptual Framework; Exchange in Goods and Services; Natural Resources Management; and An Institutional Perspective on the State: Its Role and Challenges."

Unleashing the potential for inclusive agricultural growth and transformation in Africa requires coordinated and strategic public and private investment in the agriculture sector. [Author] Against a background of limited government resources and expertise, public–private partnerships are increasingly being promoted as a mechanism to pool resources, reduce risk, improve productivity and drive growth in the agriculture and food sectors. [Author] In line with this trend, many African countries have recently expressed an interest in further understanding the potential for public–private partnerships for agribusiness development (agri-PPPs) to deliver on these transformative goals. [Author] This publication aims to provide guidance to African policymakers and potential private sector investors on the core principles of designing and implementing agri-PPPs that will promote the transformation of Africa’s agriculture sector in an inclusive and sustainable way. [Author] This area of work is of particular interest to the African Union Commission (AUC) which has highlighted agri-PPPs as a key tool in the delivery of the results under the Comprehensive Africa Agricultural Development Programme (CAADP) and the Malabo Declaration on Accelerated Agricultural Growth for Shared Prosperity and Livelihoods. [Author]

The subject of food security and land issues in Africa has become one of increased importance and contention over recent years. In particular, the focus has shifted to the role new global South donors - especially India, China and Brazil - are playing in shaping African agriculture through their increased involvement and investment in the continent. Approaching the topic through the framework of South-South co-operation, this highly original volume presents a critical analysis of the ways in which Chinese, Indian and Brazilian engagements in African agriculture are structured and implemented. Do these investments have the potential to create new opportunities to improve local living standards, transfer new technology and knowhow to African producers, and reverse the persistent productivity decline in African agriculture? Or will they simply aggravate the problem of food insecurity by accelerating the process of land alienation and displacement of local people from their land? Topical and comprehensive, Agricultural Development and Food Security in Africa offers fresh insight into a set of relationships that will shape both Africa and the world over the coming decades.

Changes in the global environment have led some to question whether the conventional wisdom on the role of agriculture in economic development is still relevant to Africa today. This report critically examines the literature on this issue, taking both the conventional and skeptical views into account. It complements this review with case studies of five African countries. The findings indicate that agricultural growth will play an essential role in promoting overall economic growth and reducing poverty in most of Africa's agrarian-based economies. This holds true even for countries that have the potential for industrial growth driven by natural resources. The results also show that only smallholder food-staple and livestock production can generate broadbased agricultural growth. By demonstrating that Africa's agricultural and food subsector cannot be bypassed, this report contributes to an important ongoing debate in development studies.

If agriculture in Eastern and Central Africa remains in its current state, not a single nation in the region will achieve the Millennium Development Goal of halving poverty by 2015. In the hopes of averting such a dismal outcome, this report analyzes agricultural development priorities and investment patterns in the region and their impact on growth and poverty rates, seeking an improved agricultural strategy. Using the Dynamic Research Evaluation for Management (DREAM) model and other tools to evaluate opportunities for increasing both agricultural and overall economic growth, the authors offer alternatives to the status quo. They propose approaches such as tailoring agricultural production to demand within Eastern and Central Africa, encouraging a wide variety of agricultural production to match the diversity of national demands and capacities, and promoting regional cooperation in agricultural development. Their analysis and conclusions should interest specialists in agricultural policy and investments, particularly those concerned with the impact of both on poverty reduction.