Tuesday, November 18, 2008

Development vs. Growth in the Global Recession

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November 18th, 2008 8:30 am

Brooks said about so-called "developing" nations but more accurately these are nations that were exploited and systematically 'underdeveloped' by colonial (example Britain) and later neo-imperial (U.S.) powers:

"Over the past decade, millions of people in these societies have climbed out of poverty. But the global recession is pushing them back down. Many seem furious with democracy and capitalism, which they believe led to their shattered dreams."

As a person born and raised in a "developing" nation, our greatest challenge is to forge economies and social justice systems that are NOT based on the U.S model of militaristic capitalism, and where the greatest freedom is the unlimited freedom to shop.

Each formerly oppressed nation-state will have to find its own economic and social justice trajectory. For example Gandhian-type (India) self reliance or Nyerere-type (Tanzania) Ujamaa African socialism is a more apt and necessary alternative. The elites in our Global South countries are the biggest roadblocks to this alternative because they have joined with the dominant economic order that we now see, justifiably, turned upside down.

The U.S.-initiated global recession offers an opportunity to THE PEOPLE of Global South nation-states to build self-reliant, interdependent and yes, innovative green, social-justice economies to primarily benefit their peoples, not serve as sweatshops to produce shoddy, ever-cheaper goods for the consuming West.
Development is not the same thing as growth.

Chithra KarunaKaran
http://www.EthicalDemocracy.blogpost.com

— EthicalDemocracy, http://www.EthicalDemocracy.blogspot.com

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