000			01822nam a2200193Ia 4500
999			_c165533 _d165533
005			20220622213842.0
008			200208s9999 xx 000 0 und d
020			_a856645524
082			_a338.9091724 MEH
100			_a"Mehmet, Ozay"
245		0	_aEconomic planning and social justice in development countries
260			_aLondon
260			_bCroom Helm
260			_c1978
300			_a282p.
520			_aFirst published in 1978, this book was written at a time when belief was high in Western-guided economic development of the emerging countries. The success of Marshall Plan in war-torn Europe generated a US-led optimism that, with generous inflows of aid and technical assistance, the Third World could be won over in the Cold War. The author’s direct experience as a young academic economist in Cyprus, Malaysia, Uganda and Liberia led him to question this general optimism: the reality on the ground in the developing world did not seem to match Western optimism. Theories and blueprints, made in the West, did not fit the requirements of developing countries. Higher production and better income distribution were inseparable twin objectives of developing nations. That meant, production of a higher national output must at the same time promote social justice. Investment must create adequate jobs so that new entrants into rapidly expanding labor force could be gainfully employed. Yet, the dominant (Western) theories of development at the time, in particular the Trickle Down Theory of Growth, prescribed "Growth First, Distribution Later" strategy. Similarly, Import Substitution Industrialization theories were emphasized at the expense of export-led growth. Dualistic Growth theories preached urban-biased, anti-rural development.
650			_aEconomic development
942			_cDB _2ddc