Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis

Abstract

Abstract This chapter investigates the effects of financing industrialization through policy-based mobilization of agricultural savings, based on a comparative study of less developed economics in East Asia, Latin America, and Sub-Saharan Africa. The degree of resource shift, from the rural sector through direct and indirect taxation, did not vary much across the three regions. However, there was significant difference between East Asia and the other two regions in the ways the adverse effects of resource transfer were politically compensated. In Latin America and Sub-Saharan Africa, divisible benefits (rents) were supplied by the government to win the support of particular interest groups (large landlords or tribes). In East Asia, the adverse effects were mitigated by investments in infrastructure, which enhanced the productivity of small landholding farmers.

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