Introduction
The economic growth of a country is usually a very crucial part of the continuity of a nation. It is the key to a prosperous country and a country whose growth levels are positive in relation to initial level of real per that of the capital GDP. The food insecurities and imbalances that are present in the sector of agriculture pose a threat to the economy of Uganda, as this is where the majority of the Ugandans earn their living (Ellis, 53). The high levels of population growth and the regional market integration that bring about cross border purchase of food are the main contributors of this problem. Low yields, poor infrastructure, lack of funds and quality fertilizer, the crop diseases and the environmental degradation also are some of the contributors to this menace. Lack of a presence of research programs, no electricity access in some areas, lack of adequate storage facilities and no irrigation schemes do not help the already bad situation.
The agricultural sector employs over 70% of the population of the people of Uganda and the government allocating only a small share of the investment to agricultural sector it. The total amount being as little as 4% of the total amount of the money set aside of the national budget in each financial year (Ellis, 76). The constant deterioration rate of the balance of the payment in the current accounts is shown partly by the poor performance of the export of the agricultural products whereas the imports have increased. A depreciating exchange rate makes the inputs to be very expensive and this in turn slows the growth rate of the sector. High inflation rates being witnessed in the country and lowered rates of agricultural rates destroy the goal of reducing poverty levels and will ensure that the Millennium Development Goals of Uganda in general. A better-targeted system of policy interventions is one of the keys that ensure a transformed agricultural growth rate that is sustainable. Venturing into different sources of national income such as oil exploitation shall enable the country to be competitive in the world market and ensure that the currency appreciates against the dollar.
Use of technology has ensured that the USA has maintained constant supply of food in the country and for export. Technology ensures faster production and control in the agricultural process (Cohen, 115). The use of the land grant universities have helped in research in agricultural produce. This has been very instrumental in transforming the sector in general hence; it has led to economic growth of the country in general. Use of irrigation schemes, controlled amount of quality fertilizers in the farms, better and large storage facilities, use of quality seeds and herbicides. The great road networks present in the country, the training offered to the people and the presence of electricity have also contributed to a thriving economic sector.
The availability of exports and a large population that consumes the product has ensured the economic success in Uganda. The ventures into other sources of money such as oil, mining, manufacturing, production has enabled the country to remain at the top. A politically stable country and people that are healthy provides environment where the people are not afraid to work and that they work hard (Cohen 56).
Conclusion
A controlled population growth rate ensures that all the people are fed at all times in that the food is not depleted in the storage and the presence of food for export. This has ensured the Ugandan economy grows continuously improving the living standards of its people. A stable economy is something that all countries strive to achieve always.
This graph indicate several factors which have been determined to influence the growth and development of the economy of a countries. these factors vary according to their importance thus should be closely monitored by the government.
Work cited
Cohen, Jeffrey E. Politics and Economic Policy in the United States. Boston: Houghton Mifflin Co, 2000. Print
Ellis, Amanda. Gender and Economic Growth in Uganda: Unleashing the Power of Women. Washington: World Bank, 2005. Internet resource.
