Planning for National Development: An Agenda Guided by the Socioeconomic System’s Social Philosophy

Stanley Salvary

Chapter 25 in Regional Science: Perspectives for the Future, 1997, pp 361-383 from Palgrave Macmillan

Abstract: Abstract The idea of sovereignty, which involves self determination, is undermined with each suggestion for harmonization of socioeconomic systems and the globalization of trade, which is deemed to be inevitable. Being able to trade voluntarily with any country is highly desirable, but having to transform one’s way of life — from one that is desirable to one that is not desirable — is a serious problem. In the interest of social harmony and social welfare, each country has to start out with its own social philosophy. Some countries wholeheartedly desire the free market to determine the goods and services that are to be produced, the number of unemployed workers, the investment in human capital, the rate of interest and so on. Other countries, however, are coerced in overt and covert ways to adopt the free market system although that system will not serve the needs of the citizenry of those countries. To say that the free market provides the answer for all socioeconomic systems is to ignore the fact that the free market is blind and indifferent to human needs. The unconditional requirement, that this system be adopted by developing countries, violates the rights of those sovereign nations to choose a mode of operation that would foster their desired development without infringing on the rights of other countries.

Keywords: American Economic Review; Public Spending; National Development; Financial Capital; Dependency Ratio (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: PLANNING FOR NATIONAL DEVELOPMENT: AN AGENDA GUIDED BY THE SOCIOECONOMIC SYSTEM'S SOCIAL PHILOSOPHY (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25514-6_25

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349255146

DOI: 10.1007/978-1-349-25514-6_25

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().