If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be...

Happiness research, which has been strongly represented in the social sciences for some years, also offers opportunities for application in public policy. Consequently, there are already considerations to evaluate development policy by the yardstick of subjective well-being. This paper aims to...

A decisive change now seems to be occurring in the development practices of the major OECD donor countries. Their own economic objectives are being moved distinctly closer to centre stage. Changes in the instruments of development policy are reputed to generate direct benefits for their own...

On the face of it it looks as if there should be no great difference between less developed countries (LDCs) and the advanced national economies as far as planning is concerned. And yet in reality such differences do exist, even if they do not necessarily stem from the inequalities in the...

At Nairobi, during this year's annual conference of the International Monetary Fund, the Fund's President, Mr Robert S. McNamara, called upon the LDCs to treat a more equitable distribution of personal incomes as a priority aim. However, the LDCs' machinery for making policy decisions makes it...

Economic growth of LDCs depends decisively on the volume of foreign currency avaliable to them. Apart from financial aid, such currencies can only be earned by exports. However, almost 90 p.c. of all export revenue of LDCs flows from shipments of raw and base materials, and thus, increasing...