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2018, NIGERIAN ECONOMIC PROGRAMS
AI
The Economic Recovery and Growth Plan (ERGP) aims to deliver a focused implementation strategy over the next four years, emphasizing political determination and coordination among various government agencies. Key objectives include achieving sustained inclusive growth, structural economic transformation, and improved public and private sector efficiency. The plan prioritizes stabilizing the macroeconomic environment, bolstering agriculture and food security, ensuring energy sufficiency, and enhancing transportation infrastructure. It targets job creation, particularly for youth, with a projection of over 15 million jobs by 2020, and outlines revenue initiatives to diversify the economy away from oil dependency, while improving socio-economic conditions for citizens.
The agricultural development strategy for the Plan aims to substantially improve productivity and to bridge the yield gap by the systematic application of better inputs and technology. This will enhance profitability of the farming, improve competitiveness and ensure the environmental sustainability of agriculture. The overall objective is to achieve an agriculture growth rate of four to five per cent per annum during the Plan period in order to support the overall GDP growth trajectory, ensure food security and reduce rural poverty. This chapter is divided into two portions, that is, Agriculture and Food Security, and Livestock, Dairy and Fisheries. The agriculture sector continues to be an important component of Pakistan’s economy despite its decreasing share in the GDP. In 2012-13, it contributed 21.4 per cent to the GDP, about 60 per cent to exports and provided productive employment to 44 per cent of the labor force. More than two-thirds of the rural population depends on agriculture for its livelihood. Hence, an accelerated growth of agriculture is a prerequisite for the economic and rural developments. During four decades from 1960 to 2000, the agriculture sector grew at an average rate of about four per cent annually, higher than the population growth rate of 1.9 per cent.
2014
Iraq is an oil-rich, lower-middle-income country with an estimated national poverty rate of 19.8 percent in 2012. Ongoing conflict, weak governance, and high dependence on oil and public sector employment continue to pose significant challenges to Iraq’s socioeconomic development (World Bank 2014). Iraq was once one of the “breadbaskets ” of the Middle East. But today its crop yield gaps are significant (FAO 2012). Even so, Iraq has great potential for growth in its agricultural sector. Recognizing this potential, the 2013–2017 Iraqi National Development Plan (NDP) identifies agriculture as a key sector and aims to (1) diversify the economy; (2) make income generation and poverty reduction a central goal for national development; and (3) specifically empower women in order to boost their contributions to the labor market and society.
2011
Economic growth with equity has been the main development objective in India and all the plan efforts are directed to promote inclusiveness of all sections of the society, particularly the rural poor, in the development process. Since most of the rural poor depend on agriculture, acceleration of agricultural growth along with antipoverty programmes has been the strategy to promote inclusiveness since the Independence. This strategy is still relevant and therefore pursued earnestly by the government. However, renewed emphasis on inclusive growth has arisen mainly from increasing income inequality on account of growth difference between the agricultural and non-agricultural sectors. The success in reducing this disparity during X and XI Five Year Plans (FYPs) has been below the expectation. The agricultural sector could grow by 3 per cent annually, which is much below the target growth of 4 per cent. This is despite the fact that some of the states showed an impressive agricultural growth, even much higher than the target growth. On the contrary, there has been marked increase in the growth of non-agricultural sectors, especially manufacturing and service sectors. In order to address this disparity and alleviate poverty, accelerating agricultural growth with participation of disadvantaged sections and eco-regions is likely to remain main thrust of the XII FYP. This is because of the fact that agricultural growth has been found at least twice as effective in reducing poverty as non-agricultural growth. How to accelerate the agricultural growth? The papers under this theme were expected to explore the approaches and pathways to achieve this development objective. The development strategy should first spell out various dimensions of the objective of inclusive growth and then suggest necessary policy, investment, institutional and other interventions to address them. The first and foremost challenge is to accelerate agricultural growth and maintain a balance between self-sufficiency in foodgrain production and diversification towards high value crops. This is important for ensuring household food and nutrition security and meeting rising demand for the high value products like fruits, vegetables and livestock products. For the high value crops, a growth rate more than 4 per cent will be needed. Are the current investments and their allocations adequate to achieve the growth target? If not, how can additional
2019
The new PTI government has made a break from the past by announcing that the centerpiece of its economic strategy will be Human Development. It can be argued that focusing on the development of human capabilities can enable individuals to lead the kind of life they consider meaningful. In so doing, the potential of a nation for enterprise, innovation and creativity can be actualized to enrich not only the economy, but human civilization itself. The economic strategy required to achieve this aim involves a new growth process that is based on equity and the conservation of the environment for sustainable development.2 In this essay3 we will indicate four specific policy initiatives to begin the process of inclusive and sustainable development.
American Journal of Agricultural Economics, 1990
The economic policies developing countries should follow to sustain economic growth and development. P.y. R_mmch. ad^ BEMl Affai Conr4ea dau ¶hum IPRE Wodaini Papmi dimbaar hetiunipafw d inv u m d cao azuuthbceech nge ot ideas among Ban sIta and a11 Shoal unied in devuozi tem Thee pepecany the nama at UNe a*hX6 dtlte Many thar vi and stauAqld be UA awnd mAed accordAngly. T'h ffi%duqV. inflmluaum. mad uIm aam the awhms' owL They bmW not be aunbaued to th World Bank. ,u Hoard of Diiarz, ILs muuganaL o my daf minm ¢uw.aM.
The Philippine posted a 6.5% growth in GDP for the 4th quarter of 2012 according to the National Statistical Coordination Board (NCSB). The Philippine agricultural sector accounts for 9.3 percent of the total GDP. However, this contributes to only 0.6 percent of GDP growth. The agricultural sector has the second largest group in the labor force with an estimated 32.3 percent of the 37.7 million employed persons based on the labor survey done by the National Statistics Office (NSO) in October 2012. Despite the mass of labor it employs, the sector only grew at a rate of 0.1 percent based on the 4th quarter of 2012. Based on these figures, the Philippines despite being rich in natural resources and agricultural land does not maximize use of the assets it possesses. The researchers would like to know how to increase the value-added of the agricultural sector of the Philippines to the annual GDP and further maximize the utilization of labor.
IDS Bulletin, 2013
2018
The agricultural sector is one of the important economic sectors have an important contribution to the GDP, employment, food needs and agricultural products industries. Ardabil province is considered as one of Iran’s agricultural hubs. Ardabil province’s agricultural exports accounted for a significant share of non-oil exports of the province which can increase the foreign exchange earnings of the province. Therefore, this study is trying to deal with the impact of agriculture on the economic development of Ardabil province of Iran using quarterly data from 2003 to 2015 and ARDL method. The results of the study show that lending to the agricultural sector and an increase in exports of agricultural products can be a factor in increasing growth and economic development. So that it can be confirmed because of the capacity for the production and export of agricultural products Ardabil, with the improvement of conditions can provide much more growth and economic development of the pr...
Agricultural sector contribute about 36% of the East African Community’s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC (East African Countries) suffer from hunger and the agricultural sector still retains a lot of untapped potential, specifically for commercial farming. However, economic growth target for agriculture sector can be achieved by stimulating three factors; capital, labor and total productivity of capital and labor through R&D. This study applied panel random effect model on EAC countries data, 2000–2014. Random effects regression results showed that all explanatory variables had a significant and positive relationship with the dependent variable. From the findings the study recommends: R&D to be allocated more funds; and more research scientists and agricultural labourers to be employed in EAC.
The objective of this research are to (1) examine the economic base sector which contribute to regional economic growth (2) analyze the linkages between agricultural and agroindustrial sector (3) to examine the multipliers impact of regional output. The data collected include (a) GDP of 2010-2014, and (b) I-O (Input-Output) Table as an update version of I-O 2010, using RAS Method of Lampung Province. I-O Table of 2014 of Mesuji District is derived from I-O 2010 using LQ (Location Quotient). The results show that (1) agriculture and industrial processing are the economic basis. (2) the plantation, livestock, as well as food and beverages sub-sectors have forward linkages, spread effect, and spread coefficient.Those sectors are able to encourage and attract the downstream and upstream of sector growth, respectively. (3) the industrial processing sector has a greater multiplier impact than the agricultural sector.
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