Agricultural Policy: The Place of Agriculture in Economic Development

William H. Nicholls
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William H. Nicholls: Vanderbilt University

A chapter in Economic Development with Special Reference to East Asia, 1964, pp 336-375 from Palgrave Macmillan

Abstract: Abstract The rapidly growing literature on the history, theory, and policy of economic development has perforce recognized the dominant place of agriculture in the under-developed countries and has generally concluded that economic development requires that vast numbers of rural people shift out of agriculture. This literature has also usually agreed that substantial industrialization is necessary if this redundant agricultural population is to find more productive non-agricultural employment, thereby permitting those who remain in agriculture to reorganize their farms into more efficient, large-scale, mechanized operating units. Within a sufficiently long-run context, these conclusions are beyond cavil for virtually any under-developed country. However, as guides to the establishment of short-run planning goals and priorities — particularly as between agricultural and industrial development — they are, in my opinion, often misleading if not completely fallacious.

Keywords: Economic Development; Industrial Development; Agricultural Policy; Agricultural Output; Economic Progress (search for similar items in EconPapers)
Date: 1964
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-00074-6_15

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DOI: 10.1007/978-1-349-00074-6_15

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