The Impact of Agricultural Technology on Poverty Reduction: The Comparison Between Vietnam and India

Abstract:

Poverty alleviation has become a heated issue of developing nations over the world. There is the relationship between agricultural technology and poverty in most developing countries. Clearly, Viet Nam is a traditional agricultural nation accompanying with 70% of population in rural areas (CIA, 2014). The selected nations (Vietnam & India) highlighted the importance of agricultural technology in economic growth as well as poverty eradication. Additionally, there are few studies elaborating on this issue in the context of comparison between Vietnam and India. The paper argues that applying the agricultural technology is the main solution accompanying with some effects. To be more specificed, technologies can be developed with the active participation of farmers and understanding of the context of their application. Using OLS regression analysis and the double difference methods to estimate the unconditional treatment effect of new agricultural technology on incomes approves that technology adopters received a statistically substantial large growth in agricultural income from irrigation more than the non-adopters on average even in the presence of key factors that determine income. Additionally, the paper conducts various focus group discussion sessions with the respondents to highlight key constraints while applying agricultural technology. In sum, this research suggested that farmers need to enrich understanding the technological know-how of new agricultural technologies.