Everyday, some 40,000 people die from hunger-related causes. In
the 47 'least developed' countries, 10 per cent
of the world's population subsists on less than 0.5 per cent of
world's income. Over a billion people are
compelled to live on less than a dollar a day. And the strain on
the planet's resources increases every moment.
Around 2 to 3 million people will be added in a year and 95 per
cent of them will be in the developing countries
At the same time, the carbon emission by the US continues to be
24 times more than that of India at the per
capita level. Surely, the poorest are the worst-hit in this
development syndrome. The aid flow to the South may
not be very encouraging, but the investment flow continues to
rise every year! Where does this money go?
The World bank proposes a policy to amend its outlook towards development and calls for further participatory approach among private investors, governments and NGOs for an intelligent investment pattern whereby they may help eradicate rampant poverty and environmental destruction.
We present here some vital indicators of the proposal:
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