Business leader: Farmers need to stay on the land

Rural areas should develop through "ruralization" instead of industrialization while APEC economies can jointly tap business opportunities during the transformation, a leading businessman from Australia said on Wednesday.

"Poverty can be alleviated in rural communities through the freeing of capital and land tenure and ownership reform," said Matthew Tukaki, co-founder of the EntreHub, a global initiative founded in February that aims to support budding entrepreneurs.

However, among his many titles, Tukaki is best known as the head of Drake Australia, one of the world's oldest employment companies and latterly as the co-founder of the Sustain Group.