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Home / Thoughts and Knowledge / Economy

Economic readings (15)

Prof . Zaid Mohammed Al-Rommany

Published On: 12/1/2022 A.D. - 8/6/1443 H.   Visited: 3589 times     


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Economic readings (15)


Book: Can The Third World Survive?

Author: Jacques Loup.


Reading:

In the early 1990s, the development of the third world was a problem of all tongues. A long time ago, the Independent Commission on International Development Issues, chaired by Willie Brandt ,survival programmer, during the summer of 1980, an extraordinary United Nations conference announced the beginning of the third development decade.


However, circumstances have changed considerably, and in the economic sphere the last decade has experienced violent unrest, while many intellectual habits have been reconsidered. The tremors of 1972-1975 led economists to question the future of growth.


While the need for adjustment in development strategies is clear, the formulation of possible alternatives is the most urgent.


"What we want most in this book is to clarify the ongoing debate on development strategies and the future of growth," says the author.


Thus, in the first part of his book, he sought to provide a brief description of the results of the three third world development contracts; any thinking of alternative strategies for development must begin with an objective assessment of the experience of past strategies; to understand the healthiest failures, as well as their successes.


In the second part, he presented a number of major problems facing developing countries in the coming decades; the author therefore analysed some of the issues of population science, food issues and poverty.


In the third part, Jacques Lew presented the elements of the strategy for developing countries with common characteristics, the most important of which was the superiority of the agricultural sector, but it should be noted that the disparity of the third world is clearer today than ever before, and that the gap between developed and developing countries is widening, deepening differences within the third world. It is therefore an illusion to look for a strategy that corresponds to each third world country.


In the latter part, Jacques Lew alluded to measures and policies aimed at improving the productivity of poor countries.


Improving the well-being of disadvantaged groups will lead to increased production, and reconciling the need for justice with the need for growth in the coming years may be the greatest challenge.




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