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Introduction

The Role of Agriculture in Development
  • P. N. Raja Junankar

Abstract

Development Economics has moved over the decades from using an historical approach to using theoretical and mathematical approaches. Much of the literature used applied econometric methods to investigate various issues in Development Economics. In recent years, the growth of behavioural and experimental economics has led to the use of randomised control trials to investigate the effectiveness of various policies (World Bank, 2015). However, in the process of the development of the subject, we have lost the social, historical, and political context within which less developed countries (LDCs) operate. Economic development is a broader concept than economic growth. It entails not only an improvement in living standards on average (say in terms of GDP per capita) but also a lowering of poverty and inequality, an improvement in the educational, health and housing standards of people, and an increase in freedom and entitlements.1

Keywords

Industrial Sector Agricultural Sector Informal Sector Foreign Capital International Labour Organisation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© P. N. (Raja) Junankar 2016

Authors and Affiliations

  • P. N. Raja Junankar
    • 1
    • 2
    • 3
  1. 1.Industrial Relations Research CentreUNSW AustraliaAustralia
  2. 2.Western Sydney UniversityAustralia
  3. 3.IZABonnGermany

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