Shourie, Arun
January 1973
Foreign Affairs;Jan1973, Vol. 51 Issue 2, p340
The author argues that a political transformation involving a drastic redistribution of income, assets and the control over institutions would make economic growth in developing countries more meaningful without decelerating the rates of overall expansion. Leading Pakistani economists who were closely associated with the high rates of growth of the Ayub period and Western advisers who were in Pakistan in the early sixties are now saying that their determination to achieve high growth rates was misplaced and that their euphoria over the rates which were achieved misled them into believing that the country was well on the way toward solving its economic problems. Consider, however, the counter-examples of Ceylon and India. Decision-makers in these countries have never been mesmerized by growth rates. Ceylon has been engaged in a costly, sustained and very direct attack on poverty for the last two decades. In the last 25 years Indian leaders have displayed a lively concern for the poor. There is scarcely a proposal for channeling a larger proportion of the benefits of growth to the poor that has not been enacted and for which institutions, procedures and controls have not been devised.


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