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AGRICULTURE FOR ECONOMIC DEVELOPMENT IN DEVELOPING ECONOMIES

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Agriculture for Economic Development in Developing Economies Economic development and economic growth Economic development can be seen as the augmentation of economic quality. It generally evolves from an enhancement in quality of life of the inhabitants of the economy. Economic growth, on the other hand, is more concerned with the “quantity” of economic output, or economic worth in monetary terms. Economic growth is essential for creating the resources necessary for better living which can eventually result in economic development; however, economic development makes economic growth sustainable. Development of the people will improve self reliance of local communities, social justice and participatory decision making. Economic growth does not, however, inherently contribute to human development, because, there must be social, political and environmental values put in place to achieve it. Although, it can be generally agreed that one of the most prominent features of a dev...