Abstract
ABSTRACT This review article makes a contribution to the discussion of economic development especially as it concerns reasons for the currently stalled trade talks of the Doha Development Agenda of the World Trade Organization. This reviews predictions made by Dr. Mahbub ul Haq 30 years ago in a book titled The Poverty Curtain (1976), and by analyzing this work in conjunction with events that have transpired since its original publication, it clarifies areas of progress for the global economy, as well as areas that are still in need of an improvement. The first part of the analysis will discuss why gross domestic product (GDP) is not a panacea in terms of development. The second part of the review discusses the need for an international “new deal,” something that was stressed 30 years ago, and is still applicable today.
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