Agriculture sector appears to be _________ affected by the economic re...
The agriculture sector is adversely affected by the economic reform process. This means that the reforms have had a negative impact on the agriculture sector.
Reasons for the adverse effect on the agriculture sector can be attributed to various factors:
1. Reduced government support: Economic reforms often involve a reduction in government subsidies and support for the agriculture sector. This can result in a decrease in financial assistance for farmers, leading to a decline in their income and overall agricultural productivity.
2. Market liberalization: Economic reforms typically aim to liberalize markets and promote competition. While this can benefit some sectors, it can be detrimental to the agriculture sector. Farmers may struggle to compete with cheaper imports, leading to a decline in domestic agricultural production.
3. Shift of focus: Economic reforms often prioritize industrialization and urban development. As a result, resources and investments may be redirected away from the agriculture sector, leading to a lack of infrastructure development, technological advancements, and research and development in agriculture.
4. Inadequate access to credit: Economic reforms may result in financial sector reforms, which can make it more difficult for farmers to access credit. Limited access to credit can hinder farmers' ability to invest in modern agricultural techniques, purchase high-quality inputs, and expand their operations.
5. Inequality and displacement: Economic reforms can exacerbate income disparities and lead to the displacement of small-scale farmers. Large corporations and agribusinesses may benefit from the reforms, while small-scale farmers struggle to compete and are forced to abandon their agricultural activities.
Overall, the adverse impact of economic reforms on the agriculture sector can lead to a decline in agricultural production, food security concerns, and increased rural poverty. It is crucial for policymakers to consider the specific needs and challenges of the agriculture sector when implementing economic reforms to ensure sustainable and equitable development.
Agriculture sector appears to be _________ affected by the economic re...
Public investment in agriculture sector especially in infrastructure like irrigation, power, etc. has been reduced in the reform period.