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Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems. [1] Rural development [2] and finance [3] attempt to solve larger
The local rural communities are supported by experienced community development workers. In Pembrokeshire (Wales), Pembrokeshire Local Action Network for Enterprise and Development (PLANED) apply a community-led integrated approach to rural development, in which communities, public sector and voluntary partners and specialist interest groups ...
The Rural Development Administration (RDA) was a USDA agency established by the 1990 farm bill (P.L. 101-624, Sec. 2302), amending the Consolidated Farm and Rural Development Act of 1972 (7 U.S.C. 1921 et seq.), to administer FmHA community and business programs and other USDA rural development programs.
Rural development is the process of improving the quality of life and economic well-being of people living in rural areas, often relatively isolated and sparsely populated areas. [1] Often, rural regions have experienced rural poverty , poverty greater than urban or suburban economic regions due to lack of access to economic activities, and ...
Eradicating rural poverty through effective policies and economic growth is a continuing difficulty for the international community, as it invests in rural development. [ 3 ] [ 5 ] According to the International Fund for Agricultural Development , 70 percent of the people in extreme poverty are in rural areas, most of whom are smallholders or ...
Participatory rural appraisal (PRA) is an approach used by non-governmental organizations (NGOs) and other agencies involved in international development. The approach aims to incorporate the knowledge and opinions of rural people in the planning and management of development projects and programmes.
The Harris–Todaro model, named after John R. Harris and Michael Todaro, is an economic model developed in 1970 and used in development economics and welfare economics to explain some of the issues concerning rural-urban migration.
The "Dual Sector Model" is a theory of development in which surplus labor from traditional agricultural sector is transferred to the modern industrial sector whose growth over time absorbs the surplus labor, promotes industrialization and stimulates sustained development.