Development and the Environment—A Third World Perspective

1988 ◽  
Vol 64 (6) ◽  
pp. 464-468
Author(s):  
Prem Kumar ◽  
K. K. Sharma
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Third World ◽  
Theoretical Concept ◽  
Best Interests ◽  
The Third ◽  
Sustainable Economic Development ◽  
The World Bank ◽  
The World ◽  
The Third World

Sustainable economic development and the environment are the two sides of a coin. The World Bank as the largest financier of the Third World development must seek not only a decent return on its investment, but it must also ensure that development projects are appropriate and in the best interests of developing countries. To achieve these goals, the Third World must be allowed to make its own decisions on development issues. This requires the substantial dilution of the World Bank's power and an enhanced role for the Third World technical manpower to act as catalysts for development and technology transfer. Sustainable economic development will remain as a theoretical concept unless this orientation is brought about in the World Bank. Without changes, the World Bank has the potential of becoming the largest agent of environmental degradation in the world.

The Deterioration of the Food Situation in the Third World and the Capitalist System

1981 ◽  
Vol 11 (2) ◽  
pp. 247-262
Author(s):  
Ernest Feder
Keyword(s):  
World Bank ◽  
Third World ◽  
Agricultural Development ◽  
Green Revolution ◽  
Capitalist System ◽  
The Third ◽  
The World Bank ◽  
The World ◽  
Staple Foods ◽  
The Third World

Hunger and malnutrition are today associated with the capitalist system. The evidence points to a further deterioration of the food situation in the Third World in the foreseeable future, as a result of massive capital and technology transfers from the rich capitalist countries to the underdeveloped agricultures operated by transnational concerns or private investors, with the active support of development assistance agencies such as the World Bank. Contrary to the superficial predictions of the World Bank, for example, poverty is bound to increase and the purchasing power of the masses must decline. Particular attention must be paid to the supply of staple foods and the proletariat. This is threatened by a variety of factors, attributable to the operation of the capitalist system. Among them are the senseless waste of Third World resources caused by the foreign investors' insatiable thirst for the quick repatriation of super-profits and the increasing orientation of Third World agricultures toward high-value or export crops (which are usually the same), an orientation which is imposed upon them by the industrial countries' agricultural development strategies. Even self-sufficiency programs for more staple foods, such as the ill-reputed Green Revolution, predictably cannot be of long duration.

Plundering the Poor: The Role of the World Bank in the Third World

1983 ◽  
Vol 13 (4) ◽  
pp. 649-660
Author(s):  
Ernest Feder
Keyword(s):  
World Bank ◽  
Third World ◽  
Recent Book ◽  
Social Phenomena ◽  
Industrial Countries ◽  
The Third ◽  
The World Bank ◽  
Rural And Urban ◽  
The World ◽  
The Third World

The World Bank, the most important so-called development assistance agency, annually dispenses billions of dollars to Third World governments, ostensibly to “develop” their economies through a variety of loan projects. But even a superficial analysis reveals that the Bank is the perfect mechanism to help (i.e., subsidize) the large transnational corporations from the industrial countries to expand their industrial, commercial, and financial activities in the Third World, at the expense of the latter and particularly at the expense of the rural and urban proletariat. This article discusses Cheryl Payer's recent book, The World Bank: A Critical Analysis, in which she analyzes the Bank's role in the Third World and sets forth the major reasons why poverty, hunger, and malnutrition, as well as unemployment, and all the adverse social phenomena associated with them, are on the increase.

The World Bank and the Third World: Reflections of a sceptic

Prospects ◽  
1981 ◽  
Vol 11 (3) ◽  
pp. 294-301 ◽  
Author(s):  
Milagros Fernández
Keyword(s):  
World Bank ◽  
Third World ◽  
The Third ◽  
The World Bank ◽  
The World ◽  
The Third World

The World Bank and the Third World

1970 ◽  
Vol 32 (4) ◽  
pp. 476-489 ◽  
Author(s):  
Arthur Karasz
Keyword(s):  
Foreign Aid ◽  
World Bank ◽  
Third World ◽  
Present Situation ◽  
Poor Countries ◽  
The Third ◽  
The World Bank ◽  
The Poor ◽  
The World ◽  
The Third World

My subject is the World Bank and the Third World. The Bank has taken on the overwhelming task of helping the development of the countries we call, for want of a better word, “underdeveloped,” less favored or, to use a kindlier expression, “developing.” In short, the poor countries. My talk will be divided into three chapters. The first will deal with the origins of foreign aid, the second with the present situation and the last with what we should do to improve our procedures, enlarge our sources of income and perfect their use in the developing world.

Urban Class and Communal Consciousness in Colonial Punjab: The Genesis of India's Intermediate Regime

1984 ◽  
Vol 18 (3) ◽  
pp. 459-489 ◽  
Author(s):  
Richard G. Fox
Keyword(s):  
Economic Development ◽  
Third World ◽  
World System ◽  
Intermediate Regime ◽  
The Third ◽  
The Core ◽  
Unequal Exchange ◽  
The World ◽  
Capitalist World ◽  
The Third World

A cornerstone of Wallerstein's (1974) theory of the capitalist world system is that economic development occurs in certain (core) regions of the world system at the expense of development in other (peripheral) regions. This thesis, accepted in one form or another by scholars following a dependency, neo-Marxist, or unequal exchange conception of economic development (as, for example, Amin 1976 or Laclau 1971; see discussion in Foster-Carter 1973 and Kahn 1980: 203ff) provides the foundation for their avowal of the ‘development of underdevelopment.’ The development of the core industrial capitalist nations required, so they argue, the distorted and repressed economic development of the third world.

Amiya Kumar Bagchi. The Political Economy of Underdevelopment. London: Cambridge University Press. 1982. Reprint 1983. pp.viii+276. List of books for further reading; Index. Price: £ 8.50 (paperback edition).

1985 ◽  
Vol 24 (1) ◽  
pp. 77-82
Author(s):  
Zia Ul Haq
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Third World ◽  
Social Process ◽  
Growth Strategies ◽  
Cambridge University ◽  
Working Classes ◽  
The Third ◽  
The Rich ◽  
The Third World

Amiya Kumar Bagchi, an eminent economist of the modern Cambridge tradition, has produced a timely treatise, in a condensed form, on the development problems of the Third World countries. The author's general thesis is that economic development in the developing societies necessarily requires a radical transformation in the economic, social and political structures. As economic development is actually a social process, economic growth should not be narrowly defined as the growth of the stock of rich capitalists. Neither can their savings be equated to capital formation whose impact on income will presumably 'trickle down' to the working classes. Economic growth strategies must not aim at creating rich elites, because, according to the author, "maximizing the surplus in the hands of the rich in the Third World is not, however, necessarily a way of maximizing the rate of growth".

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