ABSTRACT
Prior to the world war era agriculture played a dominant role in the world’s economies both in developed and developing countries. However, crises in the economies of the warring countries, including North America, Europe, Russia and Japan, resulted in rapid industrialization. Agriculture in these countries became a secondary contributor to General Domestic Product (GDP). The major part of the population in these countries migrated to urban areas and their living standards improved; whilst most of the Asian, African and South American countries remain heavily dependent on agriculture. Over two-thirds of the population of third world countries live below the poverty line and rural areas, directly or indirectly, are dependent on agriculture.
