Policy makers and development practitioners who are responsible for developing investment strategies to promote economic growth find many challenges in the changing face of agriculture in the twenty-first century. In addition to its productive role of providing food, clothing, fuel, and housing for a growing world population, agriculture assumes other roles, the importance of which has more recently been recognized. In addition to its essential role in food security, agricultural development is now seen as a vital and high-impact source of poverty reduction.
Local innovation refers to the dynamics of Indigenous Knowledge (IK) - the knowledge that grows within a social group, incorporating learning from own experience over generations but also knowledge gained from other sources and fully internalized within local ways of thinking and doing. Local innovation is the process through which individuals or groups discover or develop new and better ways of managing resources - building on and expanding the boundaries of their IK.
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