1 edition of Measures for the economic development of under-developed countries found in the catalog.
Measures for the economic development of under-developed countries
United Nations publications sales no.: 1951.II.B.2.
|Contributions||United Nations. Secretary-General., United Nations. Department of Economic Affairs.|
|The Physical Object|
|Number of Pages||108|
Furthermore, this theory was developed in the early years of the Cold War and was largely derived from the successes of the Marshall Plan. That way, per capita real income cannot be free from weaknesses. These modes of living in most under-developed countries have had in the past little direct connection with economic development. For the bulk of mankind it does not seem to provide the necessary mystique. Moreover, under such a chaotic situation, capital formation process, business initiatives and enterprise of private firms are seriously suffered and distorted leading to a stagnation of economy in these countries. Wilson and his friends need not despair altogether.
Absolute Poverty. Harvey Leibenstein, Rostow, Baran, Buchanan and many others favour the use of per capita output as an index of economic development. Thus in order to achieve fast economic progress, an underdeveloped country must attempt to introduce a rational reorganisation of its entire economy. Despite these drawbacks in the measure of real per capita income, many countries have adopted this measure as an indicator of economic development. Growing population also results food problem, unemployment problem which forced the country to divert its scarce resources to meet such crisis.
Agricultural sector in these countries are suffering from primitive agricultural practices, lack of adequate inputs like fertilisers, HYV seeds and irrigation facilities, uneconomic holdings, defective land tenure and excessive dependence on agriculture. Spread of Education: Economic progress is very much associated with the spread of education. First, divergence before and catch up in recent decades are more about divergence and subsequent catch up in Asia, and India and China in particular, than in developing countries as a group. There is some comfort to be extracted from the anthropologists on this point, for it would seem that poverty and uncontrolled fertility do not necessarily go together in all cases. These examples, encompassing a wide range of endowments, transition paths and development models, highlight the diversity of approaches that can produce successful outcomes. Growing concentration of income and wealth in the hands of few and political influence generally protects the richer section from higher rates of taxation and thereby the tax burden ultimately falls much on the middle class and poorer sections of the society.
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It confines the scope of the study. As social marginal productivity of investment differs thus investment should be made in those directions where Measures for the economic development of under-developed countries book social marginal productivity is the highest.
In viewing the economic history of Europe in the 19th century, the impression is very strong that only when industrial development could commence on a large scale did the tension between the pre-industrialization conditions and the benefits that may be expected from industrialization become sufficiently strong to overcome the existing obstacles and to liberate the forces that made for industrial progress.
But identifying the direction that reforms should take is only part of the task. Harvey Leibenstein, Rostow, Baran, Buchanan and many others favour the use of per capita output as an index of economic development.
The War on World Poverty. And a large number of complex, restrictive regulations coupled with inadequate controls are characteristic of developing countries that corruption helps to get around.
Development Planning: In recent years, economic planning has been playing an important role in accelerating the pace of economic development in different countries.
Developed countries are not characterized by shortcomings. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Underdeveloped countries like India usually face this type of problem. Wilson and his friends need not despair altogether. Nor can recipes that have worked in OECD countries necessarily be applied to developing ones. His colleagues in the Chicago symposium range over a fairly wide area, and for the most part manage to impart specialized information in language that is neither abstruse nor unduly academic.
The experience the latter countries have acquired in terms of legislation, public procurement codes and control procedures, for example, is valuable, but it is just a technical element in a much more complex process of change. These require: a An increase in the volume of real savings, b Establishment of proper credit and financial institutions for mobilising and channelising these savings into investible fund and c Utilisation of these savings for the purpose of investment in capital goods.
It was attended by Ban Ki-Moonthe head of the UN, and close to 50 prime ministers and heads of state. Professor Viner is lucid and sensible on this subject, though he naturally refrains from pressing any particular solution.
But more commonly used criteria of economic development are increase in national income, per capita real income, comparative concept, standard of living and economic welfare of the community etc. In a simple way, from comparative concept, we can ascertain how much the economic development has been attained in a country.
Take a look at even the sophisticated literature on economic development, as issued by the United Nations, by governments including our ownand by learned men from the universities, and see how much of it neither presents nor seeks statistical evidence or criteria of desirable economic development which could not be fully met by a country swarming with an ever more crowded and ever more miserable population, provided only its national indexes of total production, or aggregate income, or total exports, continued to rise.
Asia was also Measures for the economic development of under-developed countries book only region that saw a substantial increase in its share of world manufacturing valued added.
All rights reserved.May 01, · Still, even at the purely economic level important progress in understanding the needs of backward countries has been made in recent years.
The concept of a vicious circle peculiar to stagnant societies has emerged; the real problem is how to break the chain of economic factors: low productivity, hence low income, hence small capacity to save, etc.
Mar 15, · Let us first find out What is an under developed economy is. UNDER DEVELOPED ECONOMY: It refferes to an economy where the per capita income is less in comparison to it's no of populations.
They suffer from the lack of almost everything. It may b. Economic growth Versus Economic development Economists often tend to use the two terms economic development and economic growth interchangeably, as they appear to be synonymous with each other.
The economic development of a country is defined as the .Measures for the Economic Development of under-Developed Countries. Report by a Group of Experts. New York: United Nations, Pp. v, $Cited by: 1.Download pdf countries are poverty ridden.
Poverty is multidimensional.
read a book or sign their names. Less than one per cent of what the world support them financially and so contribute to economic development. v. Low rates of saving A country’s capital stock is the sum total of previous gross capital (including.Mar 26, · There may be a problem in ebook the national resources, human resources, and physical resources are utilized in a minimum way of extent.
This object of obstacles arises only in developing or under-developed countries. Factors of Economic Development.