Lessons learned from the field: operationalization of responsible agricultural investment principles
Chris Brett
The food price crisis of 2008 was a watershed for large-scale private sector investment in developing countries. Rising commodity prices signaled an opportunity for the private sector, domestic and foreign, to invest in agriculture operations in many countries. Such investments can have a transformative impact on the communities where they are located, both positive and negative. In the early years, as large-scale private-sector investments expanded, international concerns were increasingly voiced on negative impacts on local communities, ranging from large-scale enforced resettlement of people to environmental degradation. On the other hand, the potential for positive impacts has since been recognized, including higher employment and wages, which improve rural economies.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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