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Asian Drama: An Inquiry into the Poverty of Nations by Gunnar Myrdal

By Gunnar Myrdal

Asian Drama, An Inquiry Into The Poverty of countries Volumes I, II and III (Volumes I, II and III)

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Extra info for Asian Drama: An Inquiry into the Poverty of Nations

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Mobilization of resources through fiscal policies should be accompanied by efficient spending of fiscal resources. In particular, the allocation of government spending should be poverty sensitive. Furthermore, domestic resources can be mobilized by reorienting fiscal expenditures towards areas that attract private savings and investment. This could, for instance, involve public expenditure policies for infrastructure development, communication, and human capital development. In LDCs, fiscal spending on, and investment in, rural roads and utilities would have a positive impact, not only in opening up the rural economies and thereby improving rural incomes, but also in creating a favourable environment for financial service providers to operate in rural areas, thus further stimulating the mobilization of resources.

Those representatives presented their individual perspectives on graduation and its possible consequences from the point of view of their organizations. They also provided information about their facilities in the areas of trade-related assistance, development finance and technical cooperation that could support the smooth transition of graduated least developed countries. 12. The Committee was informed that the World Trade Organization had a number of special dispensations and programmes of assistance specifically designed for the least developed countries, but it was emphasized that entitlement to these was determined by the members of the World Trade Organization, not by its secretariat.

30. There are opportunities to lower the cost of petroleum imports by raising energy efficiency but, for LDCs, the cost of capital and the absence of supportive government policies often act as obstacles. The development of public-private partnerships for renewable energy development could make a contribution to reducing the pressure of foreign debt on the economy, while providing employment, environmental and social benefits. This would include additional markets for rural farmers who could become producers of biomass fuel for electricity.

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