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Banking on Agriculture

A Review of the World Development Report 2008

Bibliographic Data

ID16775271
AuthorsPhilip Mcmichael (0000-0003-1043-4913, Cornell University, corresponding author)
Year2009
Volume9
Issue2
Pages235-246
Publication date2009-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Agrarian Change (JOURNAL)
Journal identifiersISSN: 1471-0358 • E-ISSN: 1471-0366
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1471-0366.2009.00203.x
OpenAlexW2073479045
LanguageEN
Citations received46
References cited11

The World Bank's World Development Report 2008 repackages the development trope that assumes small‐scale agriculture to be poor and inefficient and/or redundant in a world of supply shortages despite food abundance. The ‘new agriculture for development’ replaces smallholder knowledge with corporate inputs to channel food through ‘value chains’ to markets comprised of those with purchasing power. This essay questions the Bank's new vision, arguing that ‘new wine in old bottles’ will continue to supply affluence rather than ‘feed the world’ and sustain its agricultures, especially at a time when land is being commandeered for luxury foods (e.g. the livestock complex, all‐season vegetables and fruits) and biofuels, neither of which feed the poor. Ironically, the reproduction of poverty remains the Bank's main source of legitimacy

Agricultural economics · Agriculture · Business · Economic growth · Economics · Food security · Food systems · Futures contract · Geography · Livestock · Poverty · Purchasing power · Agricultural risk and resilience · Agriculture, Land Use, Rural Development · Income, Poverty, and Inequality · Finance

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Unique citing works46
Citations per year2,71
Citation span2009 - 2026 (18)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 41

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