CORNELL UNIVERSITY
WITH THE NEW FOCUS ON EQUITY IN DEVELOPING COUNTRIES, ECONOMISTS INCREASINGLY ARE BECOMING CONCERNED WITH THE MALDISTRIBUTION OF INCOME THAT SEEMS ALMOST INVARIABLY TO RESULT FROM AGRICULTURAL CREDIT PROGRAMS.
Blair, H. W. · 1970

Abstract
THE EMPHASIS ON EQUITY HAS UNCOVERED A NUMBER OF ECONOMIC FACTORS EXPLAINING WHY SMALL FARMERS TEND NOT TO BE THE BENEFICIARIES OF GOVERNMENTAL PROGRAMS DESIGNED TO DEVELOP THE AGRICULTURAL SECTOR. THESE ECONOMIC CONDITIONS THEMSELVES ARE FUNCTIONS OF POLITICAL FACTORS, WHICH ARE EQUALLY IMPORTANT, THOUGH SO FAR MUCH LESS WELL UNDERSTOOD IN CONSIDERATION OF SMALL FARMER CREDIT. THESE ECONOMIC FACTORS ARE: 1) SUBSIDIZING OF INPUTS, 2) SUBSIDIZING PRICES AND/OR THE MARKETING INFRASTRUCTURE, 3) SUBSIDIZING CREDIT, 4) SUBSIDIZING RESEARCH, AND 5) SUBSIDIZING SERVICES. THE POLITICAL FACTORS ARE: 1) COERCIVE REGIMES, AND 2) NON-COERCIVE REGIMES.
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