Arguments against emphasis on agricultural development in LDCs
- Fluctuation in GDP of the country since production is mainly based on a substance level
- Low foreign exchange earnings due to poor quality of produces
- Low infrastructural development resulting from low incomes
- Limited technological development and progress because the sector offers a limited scope for new and modern production techniques.
- BOP problem due to low foreign exchange earnings
- Capital outflow because large scale production is done by foreigners
- Low pace of development because agriculture is associated with low productivity
- Land wrangles since in LDCs agriculture is carry out on communal land.
- High level of unemployment and under employment because the biggest percentage of farmers depend on natural factors.
CATEGORIES Economics
TAGS Dr. Bbosa Sciende
