By Masudul Alam Choudhury
A examine of ethico-economic theorizing on socio-economic improvement, this ebook examines severely the perspectives at present held by way of theoreticians' entire thought of the area view in improvement idea, then reconsiders quite a few international concerns, either in theoretical and utilized perspectives.
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Additional info for Comparative Development Studies: In Search of the World View
If institutional functions slow down, there will be no support for policies to activate ethics through the market system. If the market process breaks down, there will be anarchy, and the essence of democracy as a component of the world view of sustainable development will not be realized. The simultaneity in consumption, production and resource allocation in goods also suggests that the goal of sustainable development is to orientate choices towards "goods" and reject "bads". Such a situation can be achieved only if human and market forces join together for a proper co-ordinated determination.
Prices of primary goods decline to record low levels, while production depending on such goods and economic stabilization prospers in the industrialized countries. The outflow of capital continues unabated from the poor to the rich countries, either through trade or through transfer of technology, multinational surpluses and foreign expatriate skills. The unscientific nature of the Euro-centric model of development, an example of which is the Marshall Plan of Europe now being applied to developing countries, lies in the impossibility of realizing the world view as presented through commonly-shared ethical principles of development.
However, these developments have not led to the emergence of the world view in economic theorizing. Comparative development study thus continues to be influenced by the inherently pluralistic elements of these economic doctrines. A principal aim of comparative development study must then be to develop the worldview outlook within which comparative doctrines can either be unified or be addressed analytically. This, indeed, will be the approach to comparative development study that we will adopt in this work.
Comparative Development Studies: In Search of the World View by Masudul Alam Choudhury