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Can Economic Growth Be Sustained?The Collected Papers of Vernon W. Ruttan and Yujiro Hayami$
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Keijiro Otsuka and C. Ford Runge

Print publication date: 2011

Print ISBN-13: 9780199754359

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199754359.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 01 July 2022

An Emerging Agricultural Problem in High-Performing Asian Economies

An Emerging Agricultural Problem in High-Performing Asian Economies

(p.279) Chapter 15 An Emerging Agricultural Problem in High-Performing Asian Economies
Can Economic Growth Be Sustained?

Yujiro Hayami

Oxford University Press

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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