This paper offers an overview toward assessing the implementation of the Agriculture and Fisheries Modernization Act (AFMA) or Republic Act 8435, the country's landmark legislation on the sustainable and equitable development of its agriculture and fisheries. The study presents a Theory of...

Adoption of new practices and technologies influences farm productivity and agricultural growth. Countries invest in research and extension to ensure continuous growth both at the farm and industry level. This chapter investigates agricultural technology production, its knowledge transfer, and...

This is an attempt to quantify government’s performance in empowering small farmers and fishers following the provisions of AFMA. It establishes four dimensions of empowerment that may be used to measure empowerment and presents some evidence of how government has performed under each of these...

This chapter aims to evaluate the country’s agricultural modernization strategy under the lens of the market-driven approach. The early post-War period of economic policy relates to solving the food problem solution for low-income countries, which minimizes farmer welfare and emphasizes...

One aspiration of the Agricultural Fisheries Modernization Act (AFMA) is the promotion of industry dispersal and rural industrialization. This involves a policy of structural transformation, which attempts to transition the economy from a low productivity sector, such as agriculture, to a high...

Interest increased after the last global financial crisis in 2007, as the crisis revealed the challenges facing central banks in dealing with the financial crises arising from the banking sector, and thus exposing the financial positions of the banking sector to high risks that caused the...