An Emerging Agricultural Problem in High-Performing Asian Economies
An Emerging Agricultural Problem in High-Performing Asian Economies
This chapter identifies the nature of a new agricultural problem emerging in high-performing economies in Asia, as they advance from the low-income to a middle-income stage. The “agricultural problem” is defined as a problem in designing and implementing agricultural policies to promote national economic development. The chapter concludes with an analysis of needed investments in appropriate agricultural technology to prevent the loss of comparative advantage in agriculture and investments in human capital to facilitate the transfer of labor from farm to non-farm sectors.
Keywords: agricultural problem, high-performing economies, low-income, middle-income, agricultural policies, national economic development, agricultural technology, human capital
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