Arun Shourie

Essay
Jan
1973
Arun Shourie

Growth is a beseiged deity. An increasing number of economists and policy- makers are becoming convinced that it is imprudent for a country to devote all its efforts toward maximizing the rates of overall growth-and wait for the benefits to trickle down to all sections of the population. Trickle- downism is thus on the wane. Developing countries are now being warned that rapid growth is liable to take too long to alleviate the miseries of the poor, and that for long periods rapid growth may indeed worsen the lot of large numbers-hence they should launch "direct attacks" on poverty.