Past and Present Global Trends for Economic Development and their Implications for an Emerging India
Published: 2009
Author(s) Name: G Krishnamurthi, Yogeshwar P. Kosta
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Abstract
This paper is the result of an exhaustive review of some basic sectors to identify the trends in the
journey of nations to economic development. A knowledge and understanding of the past trends in
the evolution of developed countries would help us to craft the strategy for betterment in terms of
social and economic growth. We have attempted to answer in this paper two questions, viz.: What
the developed countries did and what the developing countries must do in order to become
competitive. The paper has been largely India-centric in respect of developing countries, even
though reference to China has been made frequently.
Keywords: Infrastructure, Demography, Lifestyle, Recession
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