By Yusif A. Sayigh
Why do big inflows of capital so hardly ever in attaining lasting improvement within the 3rd international? This research of the Arab region's oil growth argues that self-reliance and social coverage are only as crucial to sustained monetary growth.
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Additional info for Elusive Development: From Dependence to Self-Reliance in the Arab Region
Elusive development 24 The fact that many or perhaps most developing countries started with exaggerated ambitions and expectations and have shown insufficient awareness or realization that development is of necessity a very long and demanding process, explains the shortfall only in part. Misguided convictions and serious oversights provide another part of the explanation. As an example of the former, there is the wide belief that money can buy development – a belief that can best be seen in the behaviour of most of the oil-producing and -exporting countries’ members of OPEC during the decade of the oil ‘boom’ 1973– 82.
But the main and central objection to Rostow’s system was its rather automatic evolutionism, and its contention that the underdevelopment countries formed some sort of caravan, the members of which were at different points or stages on the road to development (and mass consumption), but that the road was unique, and all members were destined to arrive at their target sooner or later, once they satisfied the conditions for the take-off. Furthermore, the sociological notions contained in the system were derived from the conventional sociological wisdom of the post-war years, according to which the socio-cultural traits of nations were paired in pattern variables, one part of which fitted the developed, the other the underdeveloped.
Even though the choice of the satisfaction of basic human needs may at first glance seem to be one embodying a modest social objective, the discussion undertaken around Expectations and the frustrated pursuit of development 21 the content of appropriate development must have reflected the enormity of the tasks involved, and the time, efforts and resources that of necessity would have to be put into the shouldering of these tasks. The tasks will be heavier and draw much more on society’s capabilities, endowments, imagination and patience, for the gradual transition from the primary objective of the satisfaction of basic needs, to the provision of a wider range of less basic but no less desired goods and services, which will become increasingly attractive to the erstwhile beneficiaries of the primary concern with basic human needs.
Elusive Development: From Dependence to Self-Reliance in the Arab Region by Yusif A. Sayigh