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70 years' achievements and new challenges of Korean agriculture and rural communities

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Title 70 years' achievements and new challenges of Korean agriculture and rural communities
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Material Type Reports
Author(English)

Song, Miryung; Moon, Hanpil; Kim, Meebok; Seong, Jooin; Lim Jieun

Publisher

Naju, Korea:Korea Rural Economic Institute

Date 2015
Series Title; No KREI agricultural policy focus / 109
ISBN 978-89-6013-777-6 93520
Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Agriculture
Social Development < Others
Holding Korea Rural Economic Institute

Abstract

The most remarkable achievement of the Korean agricultural sector since independence is the accomplishment of rice (staple grain) self-sufficiency and the securing of the ability to supply various foods. - Despite the inevitable contraction of agriculture in the process of rapid economic development, the growth and sacrifice of agriculture and rural communities, including poverty eradication, labor supply, and price stabilization, can be evaluated to have become a foundation for high industrialization and urbanization. - Economic growth has changed demand for agricultural products and raised labor opportunity costs. Thus, production was converted to agricultural produce with income elasticity and labor's high value-added productivity. This change in production enabled agriculture to grow continuously. Over the past 70 years, rural areas have also experienced dynamic changes. (The rest omitted)