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The crisis in development strategies

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This address by Mahbub ul Haq, Senior Advisor to the World Bank, paints a gloomy picture for economic development. ‘After two decades of development, the achievements are quite meagre [...] for about two-thirds of humanity the increase in per capita income has been less than one dollar a year. [...] Even this increase, miserable as it may seem, has been unevenly distributed.’ Development strategy, therefore, has to change; ‘It must be based on the premise that poverty must be attacked directly.’

Mahbub ul Haq