It is fantastic idea to stimulate rural economies,however something has to be done to the rural people.Financial support without other intervention will not alleviate poverty. Idea is that a little push to the rural community is needed so that what is required to be done today is persued rather than waiting for it to be done tomorow.
Every year the World Bank produces the World Development Report, its flagship research publication and showcase for the latest Bank thinking on development. Each report has a theme–the WDR 2006 is on “Equity and Development,” the one to be launched at the fall meetings in Singapore, WDR 2007, will be on “Youth.” The development profession eagerly awaits two different parts of the WDR process–the announcement of next year’s theme (and team leaders to produce it), and the subsequent launch of the final product, usually about 15 months later.
It’s that time of year. And much to the surprise of many, the WDR 2008 will be on “Agriculture and Development.” This is the first WDR to focus on agriculture since 1982 (!) . President Paul Wolfowitz selected agriculture as the topic for the first WDR to be completely produced under his leadership. That is an important statement of what the Bank considers to be the research and policy agenda going forward. At last Washington seems to have realized that any serious effort to reach the Millennium Development Goals on poverty and hunger must figure out how to stimulate the rural economies where three-quarters of the world’s poor people live. Most rural economies depend heavily on a dynamic agricultural sector if they are going to drive poverty reduction.
World Bank Chief Economist Francois Bourguignon has chosen Derek Byerlee and Alain de Janvry as co-directors of WDR 2008. Derek is a long-time Bank specialist in agricultural development and risk management; Alain is on leave from UC-Berkeley, where he has long been a professor of agricultural economics, specializing in modeling the interaction between agriculture and poverty, especially in Latin America. They are assembling an eclectic team of advisors (“Friends of WDR08”) and authors for the various chapters whose topics are now a work in progress.
Little by little, the peasant world, which had been more or less spared so far, is rising up to proclaim its rebellion and to suggest alternatives to the violation of the most basic human rights.