IMPROVING THE RELEVANCE AND FEASIBILITY OF AGRICULTURE AND RURAL DEVELOPMENT OPERATIONS: HOW ECONOMIC ANALYSES CAN HELP
Bolt, Richard | September 2005
Agriculture can be an engine of growth for rural Asia, but igniting growth that is inclusive of rural areas and people has proven difficult. The lackluster performance of agriculture and rural regions shows in the mixed results by donors, including the Asian Development Bank (ADB). Assessments of economic analysis in ADB’s operations also stress that doing “the right things” to support agriculture and rural development (ARD), done “the right way”, can improve project relevance and feasibility. The paper reviews how ADB has changed the way it addresses rural problems through investment projects, and whether economic analysis has informed design. A macro–meso– micro conceptual framework is proposed to understand how agriculture and rural areas interact with the economy; and to show how use of country growth diagnostics can help structure agriculture and rural development sector problems and identify their causes and binding constraints. Using stakeholder and accountability relationship analysis, the paper considers ways to better understand transformation and transaction costs that help to inform project design. The conceptual and analytical frameworks are intended to help practitioners prioritize sector development needs and content (the right things) and design feasible approaches (the right way). This includes avoiding overly complex project designs in any one project even if a sector plans calls for integrated and multicomponent programs. The paper emphasizes the need for up-front economic sector work as essential to understanding context and government plans, hence project content and design, and as the basis for project economic analysis.
CitationBolt, Richard. 2005. IMPROVING THE RELEVANCE AND FEASIBILITY OF AGRICULTURE AND RURAL DEVELOPMENT OPERATIONS: HOW ECONOMIC ANALYSES CAN HELP. © Asian Development Bank. http://hdl.handle.net/11540/2349. License: CC BY 3.0 IGO.
Agricultural And Rural Development
Asian Development Bank
Water Resources Development
New agricultural enterprises
Communication in rural development
Development banksShow allCollapse