Abstract
An important prerequisite to the resumption of the development dialogue is a much clearer understanding of the dynamics of the world economy. Any expectation that the world recovery in the eighties can be propelled by the worldwide operation of market forces without any modicum of planning is quite untenable. Economic models based on harmonious steady growth paths are largely irrelevant as possible outcomes of market processes. If balanced and relatively even development processes are at all desired objectives, they will need to be consciously planned for. Against this background, three issues are of major importance in the context of a development dialogue today: (a) a way out of the debt problem for the big debtors in a manner which combines issues of equity along with those of liquidity; (b) creation of significant amounts of SDRs recommended by many eminent economists who feel that the present international monetary regime is hindering the growth of developing countries; and (c) a change in the development model in developing countries which emphasises the need to step upfoodgrainsproduction and productivity along with creation of sufficient employment opportunities.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
