Fostering global well-being: A new paradigm to revitalize agricultural and rural development

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International Food Policy Research Institute (IFPRI)


The author describes the almost revolutionary changes that have taken place in the economic arena in recent years. This is a story of paradigm shift, where government-led economic growth through the 1970s gave way to the increasingly market-led growth we see now. The emergence of the market in the context of globalization has meant the reduction of biases against agriculture; an emphasis on flexible responses in the production of goods and services; strengthened links between local, national, and international economies; greater integration of different sectors of the economy; and increased importance of the private sector.


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Rural development, Government institutions, Government policy, Government, Ecosystem Governance


Food, Agriculture, and the Environment Discussion Paper 26