"Agricultural Transformation & Rural Development"

The core problems of widespread poverty, growing inequality, rapid population growth, and rising unemployment all find their origins in the stagnation and often retrogression of economic life in rural areas (291).

The most recent economic studies of the Third World show that earlier conclusions about Third World development were wrong. Earlier studies concluded that the best development plan was to concentrate on industrialization, but newer studies show that agricultural development is just as important as, or more important than, industrialization.

This agricultural development must benefit both the rural farmer and the industrial sector. Productivity must be increased. Planners must find a way to get rid of the resistance of rural farmers to change and development. Development must increase economic ince

. . .
ot improve their economies either. Each nation must look at its situation and decide which road to take to trade and development. However, as Todaro makes clear, many small and very poor countries (and these constitute well over half of all Third World nations) have little choice about whether to "opt out" pr not. They have to trade. . . . However, a potentially promising strategy . . . may be to look outward but in a different direction (toward trade and cooperation with other LDCs) and inward toward each other as members of a group of nations trying to integrate their economies and coordinate their joint development strategies in an effort to achieve greater collective self-sufficiency (367). That is the most important point made in this chapter. If a small and poor developing nation in the Third World cannot help itself, and if it cannot afford to become more dependent on developed nations, then it can turn to other small and poor nations, and other developing nations which have done better in trade and development. Todaro asks basic questions about the relationship between trade and development in developing nations, and concludes that "the answers . . . to these . . . questions will not be uniform throughout the diverse ec
. . .

Some common words found in the essay are:
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Approximate Word count = 3588
Approximate Pages = 14 (250 words per page)