Agricultural research has transformed agriculture and in doing so contributed to the transformation of economies. Economic issues arise because agricultural research is subject to various market failures, because the resulting innovations and technological changes have important economic...

This brief summarizes the book, Agricultural R&D in the Developing World: Too Little, Too Late?, edited by Philip G. Pardey, Julian M. Alston, and Roley R. Piggott. The authors of the brief look at topics such as: International spillovers of public agricultural R&D; patterns of worldwide public...