Agricultural Resources Information System (AgRIS): An e ...

– which removes virtually all barriers to exports from the least
developed countries – is a welcome step (Nicholas Stern, 2001) 26 .
3.1 Reduction of public investment in rural areas and the
attempts to cut subsidies leading to higher input costs actually
worsened the conditions of cultivation, in fact crisis in
agriculture. Liberalization of World Trade Organisation (WTO)
has, of course, opened up new vistas of growth, but it is expected
to enhance competition in "resource use" and "marketing of
agricultural production". There are empirical evidences, which
force the small and marginal farmers (who constitute 76.3% of
total farmers in India) to resort to "distress sale" and seek for
off-farm employment for supplementing income. But The U.S.A
adopts the policy of “Closing the Open Markets – BPO of IT
Jobs and Opening the Closed Markets – Agriculture in
developing countries”.
3.2 Research reports reveal that the benefits of the
globalisation for the poor are particularly strong in the cases
where inequality is stable or declining. Michael Bailey (2000) 27
26 Nicholas Stern (2001) : “Building a Climate for Investment, Growth, and Poverty reduction
in India”, speech delivered at EXIM bank, Mumbai(India).
27 Michael Bailey (2000): “Oxfam Policy Papers – Oxfam GB discussion paper – 3/00 – “Agricultural Trade and the
Livelihoods of Small Farmers”.
25