Build a dependency-free industrialization path

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Reference no: EM133040320

Question: Can peripheral countries, especially former colonies, use cash crop agriculture to build a dependency-free industrialization path?

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The paper states that peripheral countries, especially former colonies, can use cash crop agriculture to build a dependency-free industrialization path. However, cash crops such as tobacco, indigo and rice are used for agriculture and generate profit. Peripheral countries can utilize cash crop agriculture to produce finished goods and cash crops to sell them to obtain profit and thus, build a path for industrialization. In addition to this, it is beneficial for the peripheral countries to use cash crops for industrialization and improve their economy and status and enhance the ability to develop machines and factories for producing goods to grow economically.

Reference no: EM133040320

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