Key Steps to Improve Agribusiness Competitiveness Part II: Research & Development, Logistics and Marketing
Agriculture is central to emerging market economies. In Africa, it accounts for as much as 65 percent
of employment and 32 percent of output. Globally, two-thirds of the world’s poor—some 750 million
people—work in rural areas. But as economies expand and production shifts to manufacturing
and services, agriculture’s share of employment and GDP decreases. At the same time, the broader
agribusiness industry—business activities performed “from farm to fork”—is playing a more important
role in growth and development. Improved land rights, better regulation of input and output markets,
and better access to seeds and fertilizer are all critical to this transition.