Abstract
The rôle of agriculture in the theory of economic development is equivocal. Not that anyone would dispute the need for expanding the supply of food in the course of economic development, especially during the early stages characterised by high income elasticities of demand. Quite the contrary, existing theories fully recognise this need, while noting, however, its frequent conflict with any programme of rapid capital accumulation in a situation of low savings rates.1 It therefore follows, so the argument runs, that the demand for food should be met as much as possible from domestic sources, while confining the export of scarce savings to the needs of industry: i.e. for importing manufacturing skills and techniques, with their higher productivities, linkages, and externalities.
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