The strategy for economic growth through industrialization and "trickle down effect" have failed to have substantial impact on socio-economic development of most of the third world countries, said Secretary General of Afro-Asian Rural Development Organisation Abdalla Yahia Adam in the Capital on Friday.
Speaking at the Inter-Ministerial Summit of the Afro-Asian Rural Development Organisation AARDO being held here he referred to the World Development Report of 2000-01 in this regard and said that according to it in 1960, per capita income in richest 20 countries was 18 times that of the poorest 20 countries. By 1995, this gap widened to 37 times, he added.
Referring to the free trade as a strategy for development, he said that market access is still limited for the developing countries especially for commodities over which they have comparative advantage.
He said, multi-disciplinary approach for the development of agrarian economies since early 1970s has been having encouraging results in many countries despite the economic, social and natural constraints.
President Dr APJ Abdul Kalam who inaugurated the Summit said that employment generation particularly in rural areas is very essential for increasing GDP growth rate from the current 8 per cent to 10 per cent and maintaining it for a decade.
This necessitates the spread of the development process to the rural sector,he added.
He said this is important for uplifting the 220 million people living below the poverty level in the country.
Dr Kalam said that development processes like education and health care should follow employment generation for sustainable development.
The President dwelled upon in detail on the PURA (Providing Urban amenities in Rural Areas) programme and said that entire country should have 7000 PURAs encompassing over 6 lakh villages.
He said apart from concentrating on reinforcing agriculture, PURA will emphasize on Agro processing, developing of rural craftsmanship, dairying, fishing, silk production so that non-farm revenue for the rural sector is enhanced.
He called upon the participants of the summit to study the applicability of PURA to their respective nations keeping in view their needs and core competence.