Enhancing Local Economic Impact
This note provides guidance on how to ensure that an agricultural investment generates positive impacts on the local economy by encouraging and supporting opportunities arising for individuals, farmers, businesses, and institutions. Investments can...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/317241521091826927/Enhancing-local-economic-impact http://hdl.handle.net/10986/29469 |
| Summary: | This note provides guidance on how to
ensure that an agricultural investment generates positive
impacts on the local economy by encouraging and supporting
opportunities arising for individuals, farmers, businesses,
and institutions. Investments can have a transformative
impact on the communities where they are located. Much of
this impact can be long term, and go beyond the immediate
activities of the investors, through economic linkages and
spillover effects. Positive impacts on the local economy are
not automatic: the policies and practices of the investor
and the government influence outcomes. Careful management
and choice of agricultural investments, and provision of
complementary initiatives by investors and by governments,
can maximize the benefits arising from economic linkages and
spillovers while minimizing the risks. |
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