ECON 313 Lecture Notes - Lecture 7: Human Reproduction, Curbed, Technological Change
27 Mar 2018
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Document Summary
This will be the second-to-last topic before the final. Agriculture accounts for the majority of the labour force in developing countries. Account for a much lower share of total output. Since 1950: growth in agricultural production was much lower than growth in manufacturing to services. The heavy emphasis in the past on rapid industrialization may have been misplaces. Agricultural development is now seen as an important part of any development strategy. Three complementary elements of an agriculture and employment-based strategy . Non-agricultural labour intensive rural development activities that are supported by the farming community. The higher the gdp, the smaller the share of agricultural labour in gdp. Developed countries have a much higher crop yield then very poor, underdeveloped countries. Malnutrition and famine inspire class for a new green revolution focused on africa. Food price spikes of 2007-2008 partly due to short term factors but long term factors may herald return to persistently higher food prices in the years ahead.
