Korean agricultural sector analysis and recommended development strategies, 1971-1985

Alternative I was based on the Third Five-Year Plan for 1972-76. Alternative II was based on improved allocation of resources among programs, coupled with a higher rice price policy. Alternative III was based on an allocation of resources among programs consistent with a free market policy regarding the price of domestic and imported food grains. Examination of the consequences of the three alternatives led to the development of a fourth strategy for Korean agricultural development.