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ClueBot NG (talk | contribs) m Reverting possible vandalism by 167.217.31.106 to version by Serols. Report False Positive? Thanks, ClueBot NG. (3657490) (Bot) |
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Crucially for poverty reduction, the latter two at least are labor-intensive, helping to ensure that growth in these sectors will be poverty-reducing. However, low value-added, [[price instability]] and sustainability in these [[commodity]] sectors means they should be used only temporarily and as stepping stones in the path to [[economic development]].
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In many developing countries, [[agriculture]] employs a large proportion of the [[labor force]], while [[food consumption]] accounts for a large share of household income. The [[United Nations Conference on Trade and Development]] (UNCTAD) notes that this means that “even small changes in agricultural employment opportunities, or prices, can have major socio-economic effects in developing countries”. Thus whatever the development strategy a particular country adopts, the role of agriculture will often be crucial. In 1994, the agricultural sector employed over 70% of the labor force in low-income countries, 30% in middle-income countries, and only 4% in [[World Bank high-income economy|high-income countries]] (UNCTAD 1999).
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