Trade-Off Between Growth and Social Justice or Employment in the Third World?

Abstract The experience over the recent past reveals that the patterns of development carried out in most of the developing countries have failed both to create adequate job opportunities as also to ensure a socially acceptable distribution of income and opportunities. It is true that rapid growth of population is the chief cause for emerging situation, but there are a number of other factors too. Among them, there are, for instance, too much emphasis on the factor capital, neglect of domestic resource endowments and the prevalence of sharp inequalities. In order to foster a genuine development, planners will now have to look for non-conventional prescriptions for development. While doing this even the established development criteria will have to be re-devised.