LSLAs and Rural Development: Theoretical Predictions
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Countless studies have addressed the issue of why the rural sector of low-income countries struggles to achieve the growth needed to address widespread food insecurity and poverty. Some theoretical approaches highlight the imperfections affecting the incentive structure and preventing market participation of rural households. Limited access to employment, inadequate physical assets, inadequate access to supply markets, low endowment of human capital, environmental degradation, lack of participation of the poor to development plans are some of the main issues allowing poverty and inequality to endure in rural areas of low income countries (Fields 2000).
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