Agricultural Policy in Developing Countries pp 71-101 | Cite as
The Integration of Agriculture into an Overall Development Policy
Abstract
- (a)
In the highly industrialised nations of the Western world, too many productive resources are concentrated in agriculture. This misallocation of resources results in a disparity of incomes from agriculture in comparison with those from industry, considerable surpluses of agricultural produce, high public expenditures and lower rates of economic growth.
- (b)
In almost all developing countries one finds a different form of misallocation of resources in agriculture. In this case, agriculture is incapable of achieving the increases of production necessary to feed a greatly expanding population and to earn the increasing amounts of foreign exchange necessary for the development of the economy as the whole.
Keywords
Agricultural Policy Recipient Country Market Imperfection Underdeveloped Country Donor CountryPreview
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References
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