Import substitution was heavily practiced during the midth century as a form of developmental theory that advocated increased productivity and economic gains within a country. This was an inward-looking economic theory practiced by developing nations after WW2. Many economists at the time considered the ISI approach as a remedy to mass poverty: Mass poverty is defined thusly:
Share via Email Farmers work on a betel leaf plantation in Nuagaon village, India. A tense stand-off threatens India's industrialisation. Or should the priority be conservation of tribal communities and the environment?
The debate around these questions is increasingly bitter and, for those on the frontline, increasingly violent. In a rural corner of eastern India, in the state of Orissa, armed police have been moving in on demonstrators who refuse to make way for two controversial steel projects.
Tribal villagers in Kalinga Nagar, protesting against a Tata Steel plant being built on their land, defended themselves with bows and arrows as the police advanced.
An estimated 25 demonstrators were injured and one killed, in a grim replay of events in January when 12 villagers were shot dead Industrialisation in india benefits the poor police. On 15 May, police stormed the area using batons, teargas and rubber bullets. This was inevitable ever since the Indian steel minister promised South Korean president Lee Myung Bak that local objections would be overcome "in the next four to five months" during his visit in January.
No one really believed there was a peaceful way of bridging the gap between people who refuse to give up their land and the fact it has already been signed away to the world's second largest steelmaker. Eventually, someone had to get a baton in the face. Why do local people oppose these industrial projects?
Do they not realise how hugely important they are to the Indian economy? The Posco site is the largest-ever foreign direct investment in India and a key component in the government's plan to double steel production to m tonnes per year by Unfortunately, the local people in Orissa are not desperately concerned about where India is placed in the world rankings of steel producers it's gunning for second place, steel fans.
They are more worried about Posco's plan to flood large portions of the 4,acre site, destroying cashew, mango and beetlenut crops, and tidal pools used by local prawn farmers.
Try to explain to them that the money from the project will come back to benefit them through government development schemes and they are likely to scoff. Such pervasive corruption helps explain why farmers feel cashew trees have a better chance of paying out than local bureaucrats. If India is to achieve its goal of 8.
The question of how to reconcile the need for industrial development with the consequences of environmental damage and community disruption goes to the heart of the challenge facing the world in the 21st century. One man who has sought answers to this question is Paul Collier, the Oxford economist whose most recent book, The Plundered Planetcontroversially argues that the world's mineral deposits must be exploited for the good of the poor.
For him, the most dangerous move would be to prevent developing countries benefiting financially from their natural resources, since they offer the best hope of economic advancement.
Many environmentalists have reacted with incandescence. A frothing rage spewed forth in the Guardian, whose environment editor saw him as an apologist for neocolonial practices of resource exploitation.
When I visited the protesters at the Posco site earlier this year, their complaints were not primarily about the preservation of the environment, but about the loss of livelihoods and the well-founded suspicion that they would not be adequately compensated for that loss.
Companies such as Posco offer them new homes in concrete housing blocks and a job for at least one family member, but without decent educational opportunities in the area the long-term employment prospects for these families are extremely limited.
This is where Collier's recommendations are important. He argues that government structures need to be fundamentally strengthened so that the profits from mining and industrialisation actually benefit not just the country as a whole, but also future generations. His analysis stems from a pretty pessimistic starting point — that there is no stopping the wholesale exploitation of the world's natural resources, so the best we can hope for is better management of the profits.
But that seems considerably more realistic than pretending the world will suddenly wake up to the wholesale destruction it is wreaking on the environment and somehow stop companies making trillions of dollars from mining and industry. On the other hand, perhaps he is not being pessimistic enough.
While we wait for governments to clean up their act and start diverting profits back to the communities that need them most, we are experiencing the worst of both worlds: A group of villagers in Orissa attempted to stand their ground against this lose-lose scenario and they got a baton in the face for their trouble.India accounted for the largest number of poor people in any country in , but its poverty rate was lowest among countries having large number of poor population, the World Bank said in a latest report, which uses a revised methodology for .
Industrial development and economic growth: Implications for poverty reduction and income inequality Matleena Kniivilä* 1. Introduction The share of poor people in . Jul 31, · 8 Reasons Why India Is so Poor. Updated on July 7, Goodpal. more. Contact Author. The end result is that the eligible poor are denied the benefits.
One of the reasons why india is a poor country is that the people live here are too much arrogant & too much selfish. People are jealous of each other's heartoftexashop.coms: Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society, involving the extensive re-organisation of an economy for the purpose of manufacturing.
Nov 13, · However, India’s path to industrialisation is not straightforward, many alleging that this growth story has excluded India’s poor.
With land acquisition being essential to building large dams, steel plants or economic zones, it is argued that India’s rural poor are being unfairly displaced, while benefits of the projects bypass them. Can industry help India's poor more than conservation? Eric Randolph Industrialisation may prove a more realistic long-term way to reduce poverty and improve developing countries as a whole.