This review examines portions of the vast literature on rural financial markets and household behavior in the face of risk and uncertainty and limited commitment. In addition to examining household strategies and bilateral contracting we place particular emphasis on studying the important role...

We assess the development economics of on-farm employment with an eye toward policy implications. What do we know and what additional research is needed? The older tradition of labor market dualism and some of the more modern research are seen to share a characteristic of misplaced exogeneity,...

Investments in R&D and agricultural innovations have been fundamental to long-term economic growth worldwide. But global resource allocation has been uneven, with some developing countries closing in on developed-world scientific capacities, others regaining ground lost over the past decade or...

Rural nonfarm employment (RNFE) has become a topic of major importance in rural development, as by the mid 2000s, RNFE constituted 35% of rural incomes in Africa and 50% in both Asia and Latin America. The traditional view of RNFE was a sleepy hinterland activity cut off from changes in the...