developing countries have shown some progress in growth in the last decade but poverty and food...

developing countries have shown some progress in growth in the last decade but poverty and food security are still major concerns. Agricultural transformation continues to dominate the scheme of development.

a) Describe 3 ways governments of Less Developed Countries can help inspire agricultural transformation. Part of the Inclusive growth strategy is to assist the minority groups in agriculture while increasing efficiency and productivity in the rural sector.

b) Who are the dominant minority group in this sector and why are they clustered in the rural agricultural sector?

c) What are some of the programs that governments have in place to facilitate this agricultural transformation?

d) Explain how investment in human capital can help agricultural transformation?

e) What is the implication of investment in human capital in both the rural and urban sector?

Expert Solution

Its fact that in spite of the progress shown in the developing countries like India and Chaina, still critical issues like poverty and food security is major concerns. Agriculture sector is the one which is losing its significance in the gradually as it is considered as non remunerative. There is a huge gap between input and output in the agriculture sector in developing countries. Gas per expert opinion and budget documents, the resource allocated and spent on agricultural growth is minimum. One can see that government is not keen to invest much on agriculture for various reasons. Poverty is considerably increasing in developing nations is increasing. But as it is a known factor agriculture has lot of potential which can not only contribute for the elimination of poverty in the country and the growth of nation. Considering the argument presented above,

1. Government can inspire agriculture sector in many ways in less developed and developing which can enhance the efficiency and productivity of rural sector or area.

1. Agriculture Extension: Modern technology can be extended to farmers in the agriculture sector. Provide simple and suitable technology which reduce cost of the production and increase the productivity. Provide training the rural farmers on the modern technology on the way it has to be applied in the field. Ex: demonstration, Exposure and experimentation on the pilot basis which can facilitate the develop confidence among farmers

2. Provide high yield variety of seeds and fertilizer as effective inputs for the agriculture sector.

3. Agriculture Marketing: Marketing is one of the major constraints in developing countries which is hampering the agriculture field. Agriculture produces should be properly marketed so that produces gets sold and agriculture produces get scientific prices which inspires the farmers to proceed with same activities.

4. Government should never neglect the agriculture sector as it is the sector in which majority of population is dependent for their lives. Devise the proper policies so that it gets proper attention and support. Hence the issue of poverty can be addressed.

B. Farmers are the dominant minority group who are clustered in rural agricultural sector. As it is their only the way of life they mainly depend on it always inevitably.

C. Provide extension activities, Provide adequate market facilities along with loan from the financial institution for the needy farmers, Provide suitable technology so that it can enhance the productivity of farms, Proper budgetary allocations, Effective policies, Necessary investment in the farm sector, etc.

D. Investment human capital can be viewed as government should spend on training the experts and farmers on the new methods of production along with the application of technology and on all schemes and activities that government intend to introduce to see that it benefits the people involved in the sector.

E. Investment on human capital has its own positive implication the both rural and urban without any discrimination. It facilitates the proper implementation of agriculture schemes which address the issues of poverty, food security and productivity of agriculture sector.

Rahul Sunny answered 2 years ago

FOR DEVELOPING COUNTRIES, GROWTH DOES NOT GUARANTEE POVERTY REDUCTION; WHILE HIGHER INCOME IS CLEARLY ASSOCIATED WITH...

FOR DEVELOPING COUNTRIES, GROWTH DOES NOT GUARANTEE POVERTY REDUCTION; WHILE HIGHER INCOME IS CLEARLY ASSOCIATED WITH LESS POVERTY, ECONOMIES CAN EVEN REACH UPPER MIDDLE-INCOME STATUS BUT CONTINUE TO STRUGGLE WITH LESS POVERTY, ECONOMIES CAN EVEN REACH UPPER MIDDLE-INCOME STATUS BUT CONTINUE TO STRUGGLE WITH A QUITE HIGH INCIDENCE OF EXTREME POVERTY. WHAT DOES IT RELATE TO ON THE IMPORTANCE OF THE CHARACTER OF A NATION'S GROWTH PROCESS AND ITS INSTITUTIONAL STRUCTURE?

Is rapid population growth threatening the economic progress of developing countries? Do large families make economic...

Is rapid population growth threatening the economic progress of developing countries? Do large families make economic sense in an environmental of wide spread poverty and financial insecurity?

Some developing countries are being advertised among policy makers as exemplary in reducing their poverty rates,...

Some developing countries are being advertised among policy makers as exemplary in reducing their poverty rates, but the picture appears to be less rosy upon closer scrutiny. What might be the reasons for these false advertisements? A complete answer would utilize the axioms of absolute poverty measures, and the less than honest practices by policy makers.

Discussion (Fiscal Policy) In the last decade, several European countries, such as Greece, have experienced problems...

Discussion (Fiscal Policy) In the last decade, several European countries, such as Greece, have experienced problems with debt and economic growth. There are some specific issues these countries have faced with their abilities to use fiscal policy and monetary policy. Discuss what issues you think these countries might have been confronting.

Research the top three countries with highest growth rate. Why do you think developing countries have...

Research the top three countries with highest growth rate. Why do you think developing countries have a higher growth rate compared to industrialized countries?

Poverty is mostly a rural phenomenon in many developing countries. In view of this observation, what...

Poverty is mostly a rural phenomenon in many developing countries. In view of this observation, what policies would you recommend for poverty reduction in developing countries. In 1994, the United Nations provided the human security framework as a wider development and security paradigm. Describe any three of the key characteristics of this paradigm that makes it relevant to the contemporary reality.

In the last decade, tens of thousands of IS/MIS jobs in the United States have been outsourced to India, as well as other countries.

In the last decade, tens of thousands of IS/MIS jobs in the United States have been outsourced to India, as well as other countries. The three leading Indian outsourcing firms (Wipro, Infosys, and Tata) are growing at about 10% annually, and currently employ about 300,000 IS/IT workers in India, most of whom are working on outsourced projects from the United States, and Europe. Large American global technology firms like Cisco, Microsoft, and IBM have made significant investments in India....

Why do some countries get caught in a "poverty trap"?

1. What are some of the growth strategies that have been employed by the developing nations?...

1. What are some of the growth strategies that have been employed by the developing nations? Describe in detail. 2. How successful are these strategies? Justify your answer. 3. Provide examples of developing countries that have successfully applied some of these growth strategies.

Explain why have some developing countries such as Malaysia and China managed to close the development...

Explain why have some developing countries such as Malaysia and China managed to close the development gap and catch up economically with the developed countries?

Question