ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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YUGOSLAVIA- Brezhnev s Visit

In the ultimate analysis, McNamara tried to impress on the officials, it was not a question of making a one-shot improvement in the quality of life of the poor. The real problem was how to raise the earnings of the people. If on the one hand, this meant creating more job opportunities, on the other it implied more self-employment, es pecially in the small-scale sector. In other words, the money had to be spent in a manner that would ensure a take-off to a higher level of productivity and not Just be eaten up in schemes with no returns. As investment policy this is certainly a sound approach, but it remains to be seen how far this idea is transmitted to our developmental programmes for our urban and rural poor.

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