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Relevance of Gandhi's views on Economic Development

Relevance of Gandhi's views on Economic Development

By Gulabhai Jani

Translated into English by Alaka Sharma

The world economic order is in “crisis mode”. Well-known companies and banks of USA are declaring themselves as bankrupt, one by one. It is feared that the economy may slide down to the days of “Great Depression”. In this context, it is worthwhile to have a look at the economic thoughts of M. K. Gandhi.

Gandhiji’s economic thought is imbibed in his overall philosophy. His approach is holistic and aims at the socio-economic reconstruction of society. Once, Gandhiji was asked to write down the text of his economic thought, he refused, saying that his framework is based on some basic principles which he applies to solve the day to day practical problems. So it can’t be summarized in a few equations.

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Comment by GOPI KANTA GHOSH on June 15, 2012 at 2:03pm: Really superb. Our miseries is due the fact that we ignored it.

Comment by Andy Barnes on May 14, 2012 at 12:20pm: A vert interesting article. Thank-you.

another, excellent book dealing with globalisation vs. localisation and internationalism is 'Green alternatives to globalisation' m. Woodin & C. Lucas.

in this very good overview of each, it is put forward that a new model wherein each production occur wherever possible where resources are to be found, with each country being as self-sufficient as possible. Where resources, products and skills are lacking for this, the free trade in such occur, but always with the emphasis being first on finding ways of aiding the client community in becoming self-sufficient in this lack. This particularly in relation to education and skills.