Prosperity comes from the division of labor, which is far harder to apply in agriculture (as Adam Smith noted) than in industrialized production; therefore subsidizing developing nations to stay in agriculture is a self-defeating development strategy.

causalpending

Speaker

Mike Munger

Evidence Quote

if we want to subsidize people in third world countries to try to stay in agriculture I'm worried... this is not a development model that'll worked

Source

Mike Munger on Fair Trade and Free Trade 12/3/2007EconTalk
Created: 6/17/2026, 10:31:24 AM

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