ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Terms of Trade, Trade and Technical Change

Strategies for Agricultural Growth

Neither barter terms of trade nor trade liberalisation can be alternatives to technical change for domestic agricultural growth. What is needed is an integrated farming system approach, which requires paradigm shifts in government and private expenditure on R and D in agriculture. Broad-based technical change in agriculture will make it internationally competitive, and also extend the fruits of this change to those who cannot on their own invest in it.

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