Through successful implementation of the industrialization policies, the Korean economy has achieved rapid growth. Between 1961 and 1981, the agriculture, forestry and fisheries sector's share of GNP fell from 38.7 percent to 16.9 percent, which the m...
Through successful implementation of the industrialization policies, the Korean economy has achieved rapid growth. Between 1961 and 1981, the agriculture, forestry and fisheries sector's share of GNP fell from 38.7 percent to 16.9 percent, which the mining and manufacturing sector's share increased considerably, from 15.4 precent to 30.7 percent, social overhead capital also expanded substantially to support this industrialization. Not only has the size of the economy expanded markedly, but the economic structure has been modernized and improved qualitatively. It has become a mature economy.
Since the mid-1970s, the industrial structure has been remarkably deepened. This leaves an important task for the country, to maintain the growth rate and to enhance the efficiency, in particular the efficiency of the agricultural sector. The traditional small-scale farming method has become a bottleneck to further productivity gains. The lack of non-agricultural income sources for farmers has given rise to strong demand for maintainence of price support for grains, which are a significant cause of fiscal deficits. This policy has hamperred to adjust to more rational farm structure through reduced factor mobility.
In this study it has been tried to find the possibilities to transform traditional Korean agrarian .structure to modernized capital-oriented farming structure. There is strong possibility to create ,enlarged farms if the employment opportunity in non-agricultural sector is expanded contineously and the direction of policy in agricultural sector is changed. The possible agrarian structural policies considered are the landconsolidation, retirement and discontinuation schemes and government intervention for land transfers to create enlarged farms. Also the foreign intervention agencies such as SAFER and FASASA in France, S. B. L. in Netherland and CAB in Sweden have been reviewed.