About the Book This book examines the role of International flow of resources in assisting economic develop ment in third world countries in general and India in particular. The study covers three types of assistance to India such as Official Development Assistance, Private Capital Flow and Transfer of Technology since 1969. A brief review of the flow of resources since 1951 has been made. The present study has a macro approach and is analytical. It is mainly based on the official documents published by the Government of India, Ministries, RBI and Embassies.
About the Author Dr. (Smt.) S. Indumati is working as Lecturer in Economics, at Mallamma Marimallappa Women's Arts & Commerce College, Mysore, since 1984. Dr. S. Indumati obtained her B.A.. Degree from the University of Mysore in 1980 and M.A. Degree from Bangalore University in 1983. She started working for Ph.D. Degree in 1984 and completed the same in 1989. She received her Ph.D. Degree in Economics in 1990 from the University of Mysore.
Dr. S. Indumati has contributed articles to some of the reputed Journals. She is associated with a few Professional Organizations in India.
Foreword In the post Second World War period, developing countries all over the world have made, and are making, serious and sustained efforts to bring about the economic uplift of the peoples. Over a period of four and half decades, these countries have, by and large, succeeded in obtaining an average rate of growth in excess of the growth rate of their populations. Taking the experience after 1980 it seems that, for most of the developing countries the average rate of growth is higher than that of developed countries, a picture reverse of what obtained during the seventies. In general, savings to income ratios have moved up to above 15% and this has been supplemented by inflows of investible. Resources from the developed world. While no doubt internal political disturbances, fluctuating and often declining terms of trade, ebbs and flows in international demand for their goods and frequent exposures to external shocks like unanticipated oil price rises and disruptions in the flows of foreign capital and aid, have created obstacles the developing countries have managed to sustain positive growth rates.
Preface The present book examines the role of External Resources in the process of Economic Development of the LDCs in general and India in particular. The study covers three major types of assistance to India such as Official Development Assistance, Private Capital Flow and Transfer of Technology since 1969. The main objective of the study is to indicate the impact of these assistance on Indian economy and what policies and programmes should be undertaken to overcome some of the problems faced in these transfers and further what needs to be done to achieve self-reliance in the country. Significance of Planning policies adopted by the Government of India have been highlighted to pin-point the need and importance of external assistance in the process of development.
This research work was taken up because there was no systematic and comprehensive study undertaken by researchers on International Flow of Resources and Economic Development in India covering all the three major factors of resource flows. This book is a revised version of the doctoral thesis submitted by me to the University of Mysore in 1989.
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