Ecoftm Essay, Research Paper
EconomicsQuestion: The most important contribution of the agricultural sector is to provideincremental markets for new products manufactured in the industrial sector. Answer: Thecontribution of the agricultural sector not only provide incremental markets for newproducts manufactured in the industrial sector, it also has contribution on increasing thesupply of food and new material to other sectors, tax revenue to the government to provide”investable surplus” to other expending sectors and to provide foreign exchange. The first contribution of agricultural sector is to provide sufficient food for the labors in the industrial sector. From Lewis’s balanced growth model, we know that if supply of good to the modern sector cannot catch up with the demand of food in the modern sector, the modern sector has to spend a large amount of money to import food to feed the labors and have reduce the accumulation of capital. As indicated by J. Mellow: ” It is in practice and in concept that it is possible for the agricultural sector to provide new productivity!” The agricultural sector also provide “investable surplus” and tax revenue to other expending sectors. The excess supply of labors in the LDCs reduce the bargaining power of the labors. As a result, their wages are assumed to be constant. As labors shift to modern sectors from agri. sector, the productivity of the agri. sector will increase(MPL increase). There will have some surplus and the landlord will use these surplus to reinvest to the agri. sector, drive up the MPL further. In this case, the TPPL will increase, with given number of labor, the productivity increase due to new equipment, the surplus further increase and the landlord will further expend their investment. Another contribution is tax revenue. The increasing productivity of agri. sector provide resources to other sectors. If the resources are used productively, the effect can be accerlated! The new resources refer to supply of labor, new material and food. The increase production of food not only to feed the labor in modern sector and also to feed the high growth rate of population. The
demand of food can be defined as below: D = P + nGD: the rate of demand of food P: rate of population growth G: rate of real income growth n: income elasticity of demand for agri. productRefer to Mellow, the income elasticity of demand on agri. product is high (0.6 or higher) inLDCs when compare with HDCs(0.2-0.3). Therefore, as labor shift to modern sector and incomeincrease which give rise to higher demand for the agri. products, and labors of the agri. sector increase , more land will be free out and tax revenue pay to the government. Anexample is in Japan, in last 2 decades, Japanese government received 80% of their revenuefrom land and from the direct production income tax, it is about 12-22% from agri. sectorand only 2-3% in non-agri. sector. The increase in government revenue can help thegovernment to increase investment in SOC and improve educational level and impose otherprograms to help the economic growth. Another contribution is to increase the incremental markets for new products manufactured in industrial sector. As the real income of labor in agri. sector increase, they can spend more on consumption good and provide a market for the industrial sector. The last contribution of agri. sector is the supply of foreign exchange. It is clear that increase export of primary products is the first stage of the LDCs. As the productivity of agri. sector increase, excess products will be exported to earn more foreign exchange. Since in the first stage, the output of industrial sector is small and the quality is not good due to lack of new tech. and equipment. Therefore, the nation has to rely solely on exporting agri. sector. The earning of foreign exchange can provide the government fund to invest in SOC and purchase new equipment for modern sector. To conclude, agri. sector is very important to the growth of economic. In most of LDCs, the government only concentrate on expanding industrial sector and neglect the agri. sector. And it generated many problems like lack of foreign exchange, lack of food supply. Therefore, The LDCs should put equal weight to both sectors.
Другие работы по теме:
Poem Fading Away Essay Research Paper as
Poem: Fading Away Essay, Research Paper as i gaze at the falling rain trying to get away from all the pain som uch tension rising in the air dying inside does anyone care
Romeo An Juliet Essay Research Paper hi
Romeo An Juliet Essay, Research Paper hi i need an essay about a character in romeo and juliet that demonsrtated maturity. in a well developed multi pagraph essay and say why you think the character’s maturity was greater than the other characters in the play.
Oh Really Essay Research Paper Oh Reallyyou
Oh Really? Essay, Research Paper Oh Really, you think i am a lark, the dogs they run and bark, but when i say to them, shut up shut up shut up, you say to be nice to them,
ROTC Entrence Essay Essay Research Paper entrance
ROTC Entrence Essay Essay, Research Paper entrance essay For almost as long as I cn remember, I have been interested in th military. Influenced by such movies as “Patton”, and by my dad’s interest in military history, my
Shane Essay Research Paper Sometimes I need
Shane Essay, Research Paper Sometimes, I need you more than I need air And sometimes I miss you more than I will forever, never forget the times that we have shaared. The are priceless
Poem Belong Essay Research Paper Where I
Poem: Belong Essay, Research Paper Where I belong I am weak, I am strong I will fit where I belong don’t know where it is for now but it will come, if I allow tomorrow, I start a brand new day
Him Essay Research Paper I think about
Him Essay, Research Paper I think about him day and night The though won’t go away And, oh, how I would hold him tight every second of the day He is perfect, that is true, not an average me or you
Every Single Day Essay Research Paper Every
Every Single Day Essay, Research Paper Every Single Day By Kacey Babineaux You just can?t stop looking for Your old friends Your old lovers Your old hope But you do quietly wonder to yourself,
Poem She Sat Essay Research Paper She
Poem: She Sat Essay, Research Paper She sat… helpless in her room praying to whatever god there may be to let her call to him. could god ignore such a painful cry?
School Essay Research Paper School Where
School Essay, Research Paper School! Where did they come up with that name? I guess because it rhymes with lame Now this rhyme you read will be quite corny Please don’t get upset, mad, or horny
Ode To Boys Essay Research Paper We
Ode To Boys Essay, Research Paper We like them But do they like us The ones we do never fuss They don’t stop in And we wonder why We stress, we bitch We sometimes cry
Crying Again Essay Research Paper The Sky
Crying Again Essay, Research Paper The Sky is crying again And i am crying again. When did it start? When will it end? How’d i wind up with out a friend? Tears from my heart cling to my soul.
Life Is Like Essay Research Paper Life
Life Is Like Essay, Research Paper Life is like a car. When it?s new, it usually works all right. As time drives by, it breaks down and needs repairs. Life is like a leaf. In its youth, it
Love Poems Essay Research Paper All That
Love Poems Essay, Research Paper All That You Are by Steven Duke Poem No. 41993 Everything that you are, Makes me wonder how it’s true, That I?ve found everything I have,
Hell Day Essay Research Paper Hell day
Hell Day Essay, Research Paper Hell day is a fun day where everything is like a burn day. If you would listen you could learn about this day and be apart of this day. If you are wise then you will relize that hell day is satans Birthday!!!!!!!!!!!!!!
Dare Essay Essay Research Paper What DARE
Dare Essay Essay, Research Paper What D.A.R.E Means To Me Dare has prepared me to say no to drugs in eight different ways. If anyone asks me to do drugs I will know what to do, such as- just ignoring the person or just
The Playground Essay Research Paper I have
The Playground Essay, Research Paper I have a friend I used to know who had a playground where we would go The times we had are fresh in my mind but they are from another time
How To Writing A Research Essay Essay
, Research Paper How To Writing A Research Essay The toughest part of the essay, for me, was taking all the information I had gained and reduce it to a mere few pages essay. After all, quality is better