@article{Badiane:183495,
      recid = {183495},
      author = {Badiane, Ousmane},
      title = {The Role of Agriculture and Trade In Economic Development},
      address = {1990},
      number = {995-2016-77820},
      pages = {17},
      year = {1990},
      abstract = {The interrelationships between the development of the  agricultural sector, the process
of structural  transformation, and the overall growth of the economy have  been debated
extensively in international literature.  Economists generally disagree less about the need  for
industrialization and the necessity, to accelerate  structural change than about the strategy to
promote the  transformation of the economy, and particularly the role of  the agricultural
sector therein. The root of the  controversy has been the nature of the  growth-inducing
process of transformation, whereby an  economy turns itself from a predominantly agricultural
and  rural society into a largely industrial and urban society.  The inevitable decline of
agriculture during economic  growth has confronted economists for decades with the  question
of its possible role in economic development. The  purpose of this paper is to reassess the
role of  agriculture in that process, both from a theoretical point  of view and from past
experiences of developing countries.  The treatment of the agricultural sector in  development
economics is briefly reviewed. The role of  agriculture in the process of structural
transformation and  the conditions for its contribution to sustained economic  growth are
discussed. This discussion will show that,  whereas industrialization is the ultimate engine
of growth,  sustained agricultural development remains a powerful  strategy toward
industrialization. The interrelationships  between foreign trade and agricultural development
are  analyzed, indicating how both can contribute to  industrialization and economic growth.
Finally, some of the  priorities for sustained agricultural development are  discussed.},
      url = {http://ageconsearch.umn.edu/record/183495},
      doi = {https://doi.org/10.22004/ag.econ.183495},
}