Question

In: Economics

For centuries, rural development was ignored by economists and intellectuals-- it was thought that industrialization and...

For centuries, rural development was ignored by economists and intellectuals-- it
was thought that industrialization and urban development were the key to economic
growth. Today most development economists see rural development as a key
component.

a). Why did economists change their mind?

b). Design a strategy for rural development.

Solutions

Expert Solution

Answer : Economists change their mind from industrial development as well as urban Development towards rural development of a country . The reasons behind are as follows :

  • When a country think about rural development than it has wider perspective for the sustianable development.
  • Better education, health facialities as well as quality of living resulted in better productivity of the country.
  • Improving the quality of life of an economic well being in the country.
  • Development in the country resources and technology in smarter and better manner.

Answer : Strategies for rural development has been formulated in such a manner that it provides logical and systematic result such as :

  • Firstly, the strategy are formulated in such a manner that they are able to reduce poverty reducation techinques, reducing unemployment problem etc.
  • Providing economic and social being of utilising resources in logical manner.
  • Improving food security through rationing system.
  • Proper utilisation of natural resources in logical manner.
  • Strength rural policies and rural institutions.
  • Strategy that focus on improvement of resources and quality of well being.

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