ABSTRACT

In the global scale of economic development, farming is an entry-level job. Also, providing raw food products for the population is the first job that must be done by any developing country. Yet, being the first job is different than being an entry-level job. An obvious point that explains why agriculture must be the first job in an economy is that hungry people do not work very long. The economies of the United States, Japan, and several countries in Western Europe have developed to such an extent that agriculture has become a very small portion of these nation's 'portfolios' of investments. This raises the surprising hypothesis that some countries will leave agriculture entirely as part of their economic development. Each successive stage emphasizes different types of industries because each stage focuses on developing a different combination of the four types of resources: labor, land, capital, and management.