=?ISO-8859-1?Q?1=2E =E2=80=98the_Only_Kind_Of_Development_That_M?= atters Is Economic Growth – Everything Else Will Follow.’ Critically Discuss.

`The only kind of development that matters is economic appendage - everything else testament follow1 . IntroductionThe achievement of rapid and steady economic harvest-time is virtuoso of the fore almost objectives of nations and economies . There is widespread belief that economic harvest-home is the precursor for all told opposite improvement and is the foremost requisite for ensuring the well being of peoples . During the last three hundred years , most of Asia , Africa and the Americas have been ravaged and de abundantated by rampant European colonisation , which stemmed from trade , imperialism and forceful occupation . The effect of European colonisation , led to the enslavement of millions of Africans the establishment of bound(p) labour , the decimation of Native Americans and Australian aboriginals , the subjugation and occupation of some nations like India , Burma , the countries of South East Asia , Africa and South America . European colonisation also led to the creation and furtherance of vast swathes of distress , terrible human misery and frightful deceleration in most of these areasThe period commencing from the end of the Second macrocosm War saw some(prenominal) of these countries casting away the shackles of thralldom and emerging as independent nations . India was , in 1947 , one of the firstly countries to achieve independence from British rule and was followed by many other Asian and African countries like Indonesia and Burma . The freedom of most of these countries also brought home to the world their terrible plight and neediness of human development , caused mainly by centuries of rapacious European rule . Many of these infant nations started charting their individual paths towards economic growth and the welfare of their people . Most of them had common problems , those of abject poverty agricultural economies , absence of industrial production and groundwork grammatical gender inequality , rampant superstition , vast income differences between the adequate and poor , illiteracy and lack of educational facilities , lack of inebriety water and sanitation , and a myriad such(prenominal) problems .

The send-off of the fifties saw most nations of the third world embarking on a path of rapid economic growth . The the States and international financial institutions helped many of these countries to accelerate their growth suffice by giving aid and loans for development of roads dams and other infrastructural projectsDevelopment by economic and material growth has been the predominant mannequin for the third world since the Second World War . ab initio , this was led by large loans from wealthy countries for infrastructural projects to promote industrialization . In the 1980s , structural adjustment was demanded through institutions such as the International Monetary Fund , with the aim of removing barriers to economic growth (Martin , 2006Proponents of the benefits of economic growth are vehement in their conviction of economic growth being the cure for all the ills that constrain the lives of the poor and underprivileged of third world countries . These economists base their reasoning mainly on the effects of economic growth on the development of western countries and currently , upon the economies of China and IndiaThe potentiality benefits from economic growth are huge , and are seen all the way in how...If you want to get a full essay, high society it on our website: Ordercustompaper.com

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