The purpose of this study is to provide a quantitative analysis of the changes and factors thereof in the gross agricultural output, the gross agricultural input, and the gross agricultural productivity in Korea between 1955 and 1971, as a result of the Korean government’s administrative actions and decisions.
Between 1955 and 1972, agriculture in Korea grew steadily at an average rate of four percent a year, without abrupt peaks or drops in productivity. Orchards and dry-field farming maintained annual growth rates of 0.5 percent and 1.7 percent, respectively. However, the annual growth rate, which stayed at 4.73 percent from 1955 to 1964, dropped to 3.07 percent between 1962 and 1971. In other words, the growth rate of agriculture in Korea, continues to decline in comparison to those of other industries in the nation.
The growth of Korean agriculture is crucial in ensuring the welfare of workers in urban areas by providing steady and uninterrupted supplies of produce at reasonable and stable prices. Therefore, the decline of agriculture may, in the long run, exert far-reaching repercussions on the national economy as a whole. As the shortages of resources, including foodstuffs, continue to disrupt the international economy, it is of paramount importance to policymakers to ensure the stable growth of agriculture in their respective countries. Agricultural areas in Korea has been a chief source of cheap labor that has been indispensable to Korea’s fast economic growth. The domestic market also relies significantly on the actual and potential spending power of farmers. It is in Korea’s vital interest to support the role of farmers and ensure the sustained growth of agriculture as part of maintaining the stable growth of the Korean economy.
Continuing research is needed to explore new and more effective measures to support the growth of agriculture in Korea, and to find ways in which policymakers can meet their goal of ensuring Korea’s complete self-sufficiency in food by increasing the grain output. The current decline of agriculture is a problem that needs to be thoroughly explored, and overcome by developing and fostering the farming of highly productive crops.
한국농업의 성장(Growth of Korean agriculture)
|Series Title; No||연구총서|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < Agriculture|
|Holding||KDI; KDI School|