The Integration of Agriculture into an Overall Development Policy
Theodor Dams
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Theodor Dams: University of Freiburg-Im-Breisgai
Chapter 3 in Agricultural Policy in Developing Countries, 1974, pp 71-101 from Palgrave Macmillan
Abstract:
Abstract Agricultural policy on a world-wide scale — that is to say, in developing as well as in developed countries — is confronted with a common problem, namely the promotion of the adjustment process of agriculture in a growing economy: (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 Country (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-63663-1_3
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DOI: 10.1007/978-1-349-63663-1_3
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