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The Economic Transformation

In: Agricultural Development and Economic Transformation

Author

Listed:
  • John W. Mellor

    (Cornell University
    John Mellor Associates, Inc.)

Abstract

The economic transformation is the overriding feature of economic growth in low- and middle-income countries. The transformation is from a predominantly rural and agricultural nation to one that is predominantly urban with urban industry and services dominating the economy. It is accompanied by a demographic transition. The population growth rate first accelerates then slows and eventually declines. Health and life expectancy improve greatly. The many factors determining these two transformations are discussed.

Suggested Citation

  • John W. Mellor, 2017. "The Economic Transformation," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Development and Economic Transformation, chapter 0, pages 17-28, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-319-65259-7_2
    DOI: 10.1007/978-3-319-65259-7_2
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