Description

Agriculture: The Backbone of Economic Growth

Fostering Development

The agricultural sector plays a significant role in driving the economic development of a country. It contributes substantially to the economic prosperity of advanced countries, and its pivotal role in the economic development of less developed countries cannot be overstated.

Historical Lessons

European history provides ample evidence that an Agricultural Revolution preceded the commercial revolution on the continent. Similarly, in the United States and Japan, agricultural development has played a substantial role in facilitating their industrialization processes.

A Path to Prosperity

Likewise, many underdeveloped countries worldwide, engaged in the pursuit of economic development, have now recognized the limitations of placing excessive emphasis on industrialization as a means to achieve higher per capita real income. In contrast, agricultural cultivation tends to spearhead the overall economic development of a nation. It is both rational and imperative to prioritize the further development of the agricultural sector.