Substantial Dependence on Agricultural Production and Primary Product Exports:
Most developing countries have a very large agricultural sector and most of their
exports are usually primary agricultural products. Agriculture is not only a profession
but a way of life in the developing countries. The reliance on agriculture is a result of
the subsistence nature of the rural economy in the developing countries. The type of
agriculture in the developing countries is also very different from that in the
developed countries. Agriculture in the developing countries is primarily small scale
and highly labor intensive. Later in the course we shall categorically see the
disadvantages a developing country would face when they try to specialize in the
production and export of a primary commodity.