Abstract
Economic thought has evolved over time, technology is becoming increasingly sophisticated and affluence continues to scale dizzying heights. This sequence of events would have been wonderfully flawless were it not for the alarming proportion of deprivation and poverty that relentlessly persists and does so in most parts of the world. I could say that underdevelopment is perhaps the most globalized phenomenon of contemporary times.
Development eludes many countries. This is not the outcome of not knowing what do but not doing what is known.
For all the growth ‘booms’ that the world has witnessed, how many development ‘booms’ have there been? Hardly any.
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© 2007 Piya Mahtaney
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Mahtaney, P. (2007). The New Age Paradox. In: India, China and Globalization. Palgrave Macmillan, London. https://doi.org/10.1057/9780230591547_1
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DOI: https://doi.org/10.1057/9780230591547_1
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