Economic growth, development and distributive justice in developing countries: with special reference to India (Record no. 64552)

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000 -LEADER
fixed length control field 02848nam a2200193Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220701170232.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 8175100109
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 338.9 THA
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Thakur, Dalip S.
245 #0 - TITLE STATEMENT
Title Economic growth, development and distributive justice in developing countries: with special reference to India
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. New Delhi
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Reliance publishing House
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1996
300 ## - PHYSICAL DESCRIPTION
Extent 381 p.
520 ## - SUMMARY, ETC.
Summary, etc. The focus on aggregate growth rate was promoted by the belief that rapid industrialization and structural transformation would spread the benefits of growth automatically throughout the various strata of society eventually by the trickle-down process. The LDCs were highly impressed by the rapid post-war recovery of Europe Consequently ambitious models of economic growth based on aggregative theories developed in the West, usually by expatriate planners, were adopted by the LDCs in their development plans without paying attention to their economic, social, political, institutional, bureaucratic and resource endowment realities, which resulted in adversity rather than prosperity.<br/>In the growth literature of 1970's it was realised that economic growth was not a sufficient condition for ensuring equal distribution of wealth, gainful employment opportunities and improvement in the levels of living of the masses The belief that income inequalities, through increased saving and investment, propel the engine of economic growth did not hold in the context of the LDCs aiming at a Welfare State. Doubts and misgivings have emerged, partly because the curve of expectations itself has risen sharply over the years and partly because some social blights like poverty, inequality and unemployment have assumed grave intensity.<br/>A consensus has therefore, emerged that it is not enough for development policy to pursue a high rate of growth of per capita income, but a policy package is essential which is aimed more directly at a social objectives such as increasing gainful employment opportunities, improved distribution of income and productive assets and thereby reduction of poverty The shift proved to be dramatically needed as the empirical evidence of distribution of the benefits from economic growth showed that the expected 'trickle-down process' was not taking place. Therefore, a totally growth-oriented approach to development is not possible in the developing countries: equity has to be a part of the programme Development economists are of the opinion that it is not only the size of the cake that matters, but also the manner in which is it shared. It is of course true, that the larger the cake the more there is of it to share. Hence the proposition, that growth and economic well-being go together.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Growth
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
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  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-04   338.9 THA 80424 2020-02-04 2020-02-04 Books

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