RELATIVE STAGNATION OF AGRICULTURE – DEVELOPMENT ECONOMICS

Agriculture which has been the main occupation in the  country ahs more or less been stagnating there has not been much improvement in the system . This really retards our  ability   to raise capital for development and   also leads our continued   importation of even foodstuff  from outside  sources. This, for sure, drains our foreign   exchange and thus makes it difficult for use to import capital equipments  of  modern technology . If productivity    in agriculture has been increasing steadfastly our income  per capita would  also   have been rising significantly,

ceteris paribus . But   because of  the relative stagnation not  much has been achieved   in this direction. If  agriculture unproved, its salary effects   will  bear even on  the other sectors of the economy because   of the fact that the different   sectors of the economy are  linked together. The  effect of any improvement in any of  them  shows  itself  on the other  sectors

References

L.C  Ezeaku (1997) Positive Discussions in  Economic  Uruowulu

Obosi, Pacific College Press Ltd

Black J. (1997)  Oxford Dictionary of Economics . Oxford  : Oxford  

University  Press.

Report of the Conference of FAO 4^th Session. Washington D.C, 

November   1984

A.G  Frank, “ The  Development of Underdevelopment”

Development.  Hooool comesta??? Critical Concepts in the Social  Sciences  (2005)

Underdevelopment of   Countries. World Problems Issue Online