Explain the meaning of gunnar myrdal''s quote

Assignment Help Econometrics
Reference no: EM131245672

Explain the meaning of Gunnar Myrdal's quote at the beginning of this chapter: "It is in the agricultural sector that the battle for long-term economic development will be won or lost." ? It is sometimes asserted that small, traditional (peasant) farmers are backward and ignorant because they seem to resist agricultural innovations that could raise farm yields substantially. Does this resistance stem from an inherent irrationality on their part, or might it be attributable to some other factors often overlooked by traditional economic analysis? Explain your answer

Reference no: EM131245672

Questions Cloud

What explains sharecropping : What is meant by comprehensive or integrated rural development? What criteria would you use to decide whether or not such integrated rural development was or was not taking place? What explains sharecropping? To what extent do you think your expla..
How oligopolies can use product differentiation strategies : Explain carefully how oligopolies can use product differentiation strategies to increase barriers to entry. Consider both brand name creation and product line proliferation strategies.
Compare a use case description and an activity diagram : Consider a system needed to store information about computers in a computer lab at a university, such as the features and location of each computer. Ascertain the domain classes that might be included within the domain model. Discuss whether or no..
What are principal characteristics of each of these stages : What is meant by this statement and by the concept of land reform? Give some examples of supportive policy measures that might accompany land reform.
Explain the meaning of gunnar myrdal''s quote : Does this resistance stem from an inherent irrationality on their part, or might it be attributable to some other factors often overlooked by traditional economic analysis? Explain your answer
Calculation of the net present value of the project : Calculation of the company's Weighted Average Cost of Capital. - Calculation of the Net Present Value of the project.
How do overall agricultural systems differ among regions : How do overall agricultural systems differ among these regions? What are the common characteristics?
Analyze the difference between a use case and a scenario : Outline the primary ways in which the traditional approach to modeling a use case differs from an object-oriented approach. Develop a scenario in which you would use the traditional approach over the object-oriented approach, and explain your reas..
What are the principal reasons for the relative stagnation : What are the principal reasons for the relative stagnation of developing-country agriculture in Africa? How can this disappointing performance be improved on in the future? Explain your answer.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd