among the 121 countries in 1989. Various factors contributed to the economic underdevelopment including terrain, lack of resource endowment, landlocked position, lack of institutions for modernization, weak infrastructure, and the lack of policies conducive to development. With about one-quarter of its population living below the poverty line. Nepal is heavily dependent on remittances, which amount to as much as 29% of GDP. Agriculture is the mainstay of the economy, providing a livelihood for almost
do most young persons not see agriculture as a viable option for their involvement and employment? According to Liu (2014), agriculture is up to four times more effective than other sectors in reducing poverty. Increasingly, the world is counting on agriculture to produce more nutritious food for and improve the livelihoods of a booming population, especially the poor. The ability of the youths to engage in productive agricultural activities has social and economic benefits for both the young people
Agriculture is the primary employment of majority of rural poor in developing countries of Africa. It also serves as their main source of income and livelihood. Agriculture has been identified as a panacea to the economic quagmire that Nigeria and other countries of the world have found themselves. Basically, the role of agriculture is developmental in nature: it is concerned with strengthening the ability of farmers and farming communities to produce and market agricultural goods in order to sustainably
Commercialisation of the agriculture under the British colonial rule was another big results of economic policies adopted in India. According to this policy of Commercial Agriculture British colonial rulers encouraged the crop production for the market instead for consumption. The traditional structure of economy as well as the existing legal framework of India was disrupted due to this commercial agriculture. It also adversely affected the socio- economic position of the peasantry. • CONCEPT OF
Agriculture continues to be the single largest sector, a dominate driving force for growth and the main source of livelihood for 66 percent of the country`s population. It accounts for 21.4 percent of the GDP and employs 45percent of total work force. As such agriculture is at the center of the national economic policies and has been designated by the government as the engine of national economic growth and poverty reduction. Agriculture contributes to growth as a supplier of raw materials to industry
Early Vietnam Economic System Vietnam is located in a region considered a cradle of mankind, one of the earliest agricultural centers practicing wet rice farming, where the stone and metallurgical revolutions took place. In economic terms, this period saw the formation of agriculture and irrigation development (with Red River Dyke construction) and traditional crafts. During early centuries, Vietnam's production was feudal and agriculture-based. Lands and rice fields were possessed by the court,
developmental challenges for the world. It is influencing every sector of the world’s economy. Human Development of any country also cannot be exclusively left aside from affecting by the climate change. Human Development is the central goal of all governments. In India, since independence by taking several initiatives and schemes this goal has been pursued with modest achievements. According to World Human Development Report (UNDP) 2014, India’s HDI value (0.586) and stands at 135th rank in the 187 countries
growth but also to provide economic stability. As an integral part and indicator of the nation’s development, the stock market represents a vital part of the financial market infrastructure which, together with the banking sector, supports the economic growth of the country. From a broader economic perspective, the stock market contributes directly to national economic growth in terms of employment and tax revenues, and indirectly through facilitating greater knowledge development. Given the information-and
Sustainable Agriculture: Favor the Earth The tale of agriculture is usually told as an epic fight between human and nature. Thousands years into this narrative, it seems to some of people that human have upper hand in this struggle. Finally, food production is keeping up well with population growth. After World War II, agriculture has changed dramatically. Food productivity rose due to innovative technologies, mechanization, high chemical use, specialization and those policies that favored maximizing
RURAL INFRASTRUCTUR: EMERGING TRENDS AND PERSPECTIVE *Digambar Chand Rural Infrastructural development measures the pulse rate of economic growth and economic development of any region of a state. Tele density, road connectivity in villages, electrified households and permanent houses are changing the landscape in rural areas. Rural income has been changed from traditional sources of farming to non-farm sector. At least one person from farming sector has been employed in service sector by earning