INTD 200 Lecture Notes - Risk Aversion, Financial Capital, Herbicide
19 Dec 2012
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Document Summary
Wednesday, november 7, 2012: rural development and the sustainable. In the classic situation, the dominant economic activity is smallholder farming (crops, livestock). Access to land is the basis for their livelihood (tenure and property rights are very important). Despite this you can also apply it to people who don"t have livelihood based on their own land-- like fishermen, pastoralists, etc. They have one foot in the market, the other in subsistence (invested in their own lives, and market. They are not excluded from the global economy: they don"t define the prices of their goods. Households are characterized by pluri-activity - diversity of activities within and between households (ex. not just growing one crop in. Laos, they grow rice, tree crops, pigs, cows, buffalos, etc. ) It is still farming, but not your own farm could come from common property resources), non farm (having a store in the village, driving a taxi, remittances, etc. )
