Abstract
ABSTRACT The development and allocation of resources to the agricultural sector in Guyana are examined with specific reference to government policies during two phases. Phase I (1954–1964) reflected a steady increase in the percentage of capital expenditure on agriculture which ranged from 32% in 1957 to 55% in 1964. With a downward trend of expenditure in agriculture during Phase II (1964–1984), production in the sector responded with a steady decline, with agriculture's contribution to Gross Domestic Product falling from an average of 29.2% during 1961–1964 to 25. 1% in the 1970–1984 period. Since the agricultural sector failed to meet growth targets since 1970, it can be claimed that the post independence introduction of cooperative socialism as a strategy to development is contributing to the deterioration and declining productivity of the agricultural sector. It is evident that only when the capital, infrastructure, credit and other resources are not allocated according to political patronage will th...
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