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Entrepreneurship drain in the agricultural sector: Implications for rural development

Lee, Wen Chiat and Viswanathan, K. Kuperan and Ali, Jamal (2013) Entrepreneurship drain in the agricultural sector: Implications for rural development. In: The 2nd International Conference on Rural Development and Entrepreneurship, 2nd to 4th November 2013, Purwokerto, Java, Indonesia.

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Developing countries depend on agriculture as the basic driver for economic growth. Development projects in rural areas are often driven by government initiative to bring development to the people.However, as the economy grows and urbanization proceeds, talent moves from agriculture to other sectors such as manufacturing and services. This results in a drain in entrepreneurship talent from agriculture to the other sectors of the economy. The exit of talent and entrepreneurship from agriculture to other sectors imposes a burden on the rural sector by depriving it of entrepreneurship and thus relegating rural economies to lower growth. The resulting lack of agriculture entrepreneurship in rural areas can impede the progress of the nation. In this paper, we discuss the reasons for entrepreneurship drain in the agriculture sector as a result of rural development and the challenges development planners face in attracting and keeping the talent and entrepreneurs in the agriculture sector.Data from the Malaysian economy is used to illustrate this phenomenon of entrepreneurial drain from the rural sectors.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by: Universiti Utara Malaysia, Universitas Jenderal Soedirman, Indonesia and Hebei University, China
Uncontrolled Keywords: Enterpreneurship drain, rural development, agriculture.
Subjects: H Social Sciences > HB Economic Theory
S Agriculture > S Agriculture (General)
Divisions: School of Economics, Finance & Banking
Depositing User: Dr. Lee Wen Chiat
Date Deposited: 20 Oct 2014 08:35
Last Modified: 18 Apr 2016 06:18
URI: http://repo.uum.edu.my/id/eprint/12308

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