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Perspectives for accelerated growth and
development:
Economy on track
The theme of this year’s annual sessions is
‘Perspectives for accelerated growth and development.’ Why both
growth and development? Are they not the same? Or are they very
different? Neither is the answer. By growth I mean economic growth
in the sense of increase in the GDP as measured by the increase in
the total net output of goods and services over a period of time,
whereas development is increase in welfare or improvement in quality
of life of a people or nation over a period.
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Comment:
World should be wary of Cold War policies
The world seems to be locked in an age of
agitation. While globalization is bringing countries, big and small,
closer, they are also alienated from each other due to distrust.
This mood is clearly being displayed at the ongoing Defence
Ministers’ meeting for ASEAN countries in Hanoi.
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People’s participation in development
The development at micro, mezzo and macro level
must take place with the involvement and active participation of the
people. This is very important where programs or developmental
activities affect the people as they would experience the effects of
the development activities.
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