Economics Agriculture and Industry

This is a paper about switching technique from Agriculture to Industry. There is one reference used for this paper.

There are a number of changes occurring in agriculture and industry today. It is important to examine the switching technique utilized between these two entities, and what developing countries need to know to successfully become industrialized.

Industrialization

Industrialization is seen as a way to increase economic growth. It "requires the expanded use of new technological processes and ways of doing and thinking, a more skilled and productive labor force and entrepreneurial cadre, and the expansion of physical capital investment at the enterprise level and in the economy as a whole, including physical and social infrastructure formation (Cypher, 266)."

Industrialization has been met with resistance since it "disrupts patterns of life and ways of doing things, particularly in the countryside (Cypher, 266)." Influential organizations in underdeveloped countries may feel their position is threatened, and oppose industrialization. In other situations "opposition comes from religious or cultural institutions which see a way of spiritual life threatened by the material concerns of industrialization and the private acquisitiveness on which it thrives (Cypher, 266)."

Agricultural Sector

Studies have shown that the "size of the agricultural, or primary,...

The "higher the level of development, the smaller the share of the labor force engaged in agriculture, while the smaller the share of the labor force in industry and services, the lower the level of income and development of the country or region; the higher that share, the higher the level of aggregate income and development (Cypher, 269)."
Development and Structural Transformation

There must be a "reorganization of the agrarian sector and an industrial revolution (Cypher, 270) for development to occur.

The initiating of structural transformation begins with "easy import substitution industrialization or ISI (Cypher, 276)." All…