... consumed or used for the satisfaction of today s needs but are put aside for use at a later point of time. A developmental problem lies in the fact that the rural people keep these savings only to a very small extent in the form of financial assets or in the banking system. Rather they save...

...Hamid Hosseini Outlines the ideas incorporated in “development economics” and criticizes the lack of distinction made by some writers between development and economic growth. Asks whether underdeveloped countries really need a different economic theory from Western Europe and suggests that growth...