Episode 105: Agriculture, Urbanisation, and Structural Change

The Science of Everything Podcast

James Fodor

Natural Sciences, Science, Social Sciences

4.8 • 750 Ratings

🗓️ 30 April 2020

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this third part of the series on economic growth, I discuss the process of structural change as economies progress from underdeveloped to developed, beginning with an overview and historical analysis of Rostow's Stages of Growth model. I then discuss the structures of agricultural production around the world, focusing on barriers to adoption of more modern agricultural techniques and proposed reforms, such as adoption of cash crops, land reform, and improving the security of land tenure. I conclude with an analysis of the benefits and problems associated with urbanisation, incorporating a discussion of agglomeration economies, spillover effects, urban gigantism, and the informal urban sector. Recommended pre-listening is Episode 104: Economic Growth and Development Part II. If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter. https://www.patreon.com/jamesfodor https://www.paypal.me/ScienceofEverything

Transcript

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0:00.0	Oh, wow, oh, oh, oh, wow, oh, oh, wow.
0:13.0	Oh, wow.
0:15.0	Oh, my.
0:17.0	And so. Hello, you're listening to the Science of Everything podcast episode 105.
0:38.2	Economic Growth and Development Part 3.
0:41.2	Structural Change.
0:42.8	I'm your host, James Fodle.
0:44.5	This obviously is a continuation of my series of economic growth and development.
0:47.7	I hope you're enjoying it so far.
0:49.6	In this episode, I'm going to talk about the what aspect of economic development.
0:53.5	So in the previous episode, we looked at the when and the where with the history of the world
0:57.0	economy.
0:58.0	Now we're looking more at the what.
0:59.0	So what that means is what exactly happens in a country when it develops, when it
1:05.0	industrializes and when it goes from being a poor to a rich country.
1:08.0	And there's a series of structural changes that happen in that economy that takes it from
1:12.3	being a pre-modern economy, which I talked about in the previous episode, to a modern
1:16.7	industrialized economy.
1:17.8	And there's quite a lot of things involved in that, and so that's what's going to be the
1:20.8	focus of this episode.
1:22.0	In particular, I'm going to talk about Rosto's stages of growth model, which is still
1:25.3	influential.
	...

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