TAILIEUCHUNG - Lecture Development economics - Lecture 21: Agriculture and economic development

This chapter provides knowledge of: Role of agriculture sector in economic development of a developing country, structure of third world agrarian system, economics of agricultural development/stages of agricultural development, strategy for agricultural and rural development , economics of small scale agriculture, economics of agriculture specialization. | Agriculture and Economic Development Lecture 21 TOPICS » Role of Agriculture Sector in Economic Development of a Developing Country » Structure of Third World Agrarian System » Economics of Agricultural Development/Stages of Agricultural Development » Strategy for Agricultural and Rural Development » Economics of Small Scale Agriculture » Economics of Agriculture Specialization » Role of Agriculture in Economic Growth » Agriculture Surplus as a Source of Capital Formation and Economic Development » Surplus Labor as a Source of Capital Formation and Economic Development » Agriculture Sector and Capital Formation in Developing Countries » Land Reforms or Agrarian Reforms » Land Reforms Measures » Effects of Agrarian Reforms » Agrarian Reforms and Economic Development » Green Revolution (GR) » Nature of Green Revolution (GR) » Causes or Importance of Green Revolution (GR) » Effects of Green Revolution (GR) on Income » Problems/Demerits of Green Revolution (GR) » Relationship Between Farm Size and Farm Output with Respect to Productivity » Productivity of Lands » Relationship Between Green Revolution and Size Productivity Role of Agriculture Sector in Economic Development of a Developing Country The development of any poor and backward economy can be brought by promoting its agri. sector. It is evident from the following arguments: (1) Availability Of Food: In case of UDCs the production of food stuff plays an important role. As a result of land reforms or increase in productivity due to better use of inputs etc. the incomes of the farmers may increase. The increase in incomes of the farmers result in increasing the demand for foodstuff. It so happens that in case of UDCs the income elasticity of demand for foodstuff is very high (ranging between to ). Moreover, due to provision of public health services in UDCs the death rate declines while birth rate does not fall. With this the demand for food stuff goes on to increase. Again, due to industrialization, the .

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