Proposal The world view today is directed towards concepts of sustainable development and the acquisition of progressively higher standards of living .Growth without development is being criticised as being an ephemeral and increasingly deceptive indicator of the actual state of the economy .Concepts like population growth which erode economic growth and education and health which enhance human capital accumulation are gaining a lot of importance and are being touted as being as essential to the …
showed first 75 words of 18638 total

showed last 75 words of 18638 total
…formation of self interest groups can actually perpetuate growth by increasing the accumulation of capital (a purely capitalist prospective) Over time the benefits accruing to these groups will trickle down to the lowest ebbs of society so that in the long run inequality will be eliminated (see graph 2 in appendix).7 Nothing however, could be further from the truth. While the above assertion seems almost stately in its appeal, it loses all credibility in practical application.