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Showing posts from June 13, 2014

Self Sufficient Villages in Today's Global Village :

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The relevance of Gandhian economics : Introduction- The relevance of Gandhian economics in today's world seems to be paradoxical.  Gandhi believed that India lives in villages and that development of the villages will mean development of India as a whole.  If we are to increase the scope on a bigger scale and look at the world as a unified country and countries as villages, the relevance is clear.  Today, we live in a global village and, as they say, it has indeed become a small place to live in.  With recession affecting the world like never before, it is time to go back to the drawing board.  Gandhi saw the problems associated with industrialisation and modernisation.  He believed that unless villages are developed and made self sufficient, it will lead to mass migration, overcrowded cities and the vicious circle of poverty and under-development cannot be extinguished.  Gandhi's economic ideas were closely linked to t...