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It was once assumed that the development of industry was the only sure fire way for any developing country to enhance its social and economic wellbeing. Coupled with an expansive approach to international trade, rapid industrialization was seen as a prerequisite for prosperity. This is no longer the case. Agriculture is reassuming its central role in driving the economy and empowering populations to achieve sustainability via technology including biofuels, the move to higher value agricultural products and measures to offset climate change. This new edition of the popular textbook analyzes the current state of the world's agriculture as the sector retains its importance in development strategy. The increased role of China and India, sweeping globalization and impact of agricultural goods and services are all central to the narrative.