Agriculture and development

While technology has greatly boosted agricultural output, population growth has been more rapid. The growth in agricultural output has been stimulated by developing nations but there is much variation among regions and countries. A link has been found between agricultural development, industrial dev...

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Bibliographic Details
Published in:Finance & development 1982-09, Vol.19 (3), p.6-11
Main Author: Walters, Harry E
Format: Magazinearticle
Language:English
Subjects:
Agricultural production
Agriculture
Crops
Demand
Developing countries
Economic development
Economic growth
Food
GDP
Global economy
Gross Domestic Product
Growth rate
Interest rates
International
LDCs
Low income groups
Per capita
Population growth
Trends
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Summary:While technology has greatly boosted agricultural output, population growth has been more rapid. The growth in agricultural output has been stimulated by developing nations but there is much variation among regions and countries. A link has been found between agricultural development, industrial development, and gross domestic product (GDP) growth. Where one was strong, so too was the other. This is because factors affecting agricultural performance are linked to social and economic policies that influence the entire economy. Agriculture can indirectly help reduce poverty by providing new, more productive nonagricultural job opportunities, and more directly, by emphasizing the ability of small low-cost labor on farms to overcome the advantages of large farms. In the uncertain economic environment low- and middle-income nations can benefit from strategies to promote agricultural growth. Policy improvements, national backing for agricultural research, infrastructure, and incentives are needed.
ISSN:0015-1947
1564-5142