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Public and Private Savings of Selected Developing Countries in the First UN Development Decade

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  • PAUL JONAS

    (Quaid-i-Azam University, Islamabad)

  • ANJUM NASIM

    (Quaid-i-Azam University, Islamabad)

Abstract

The developed countries contain about one-third of the world population and they produce more than 80 percent of Gross World Product (GWP). The remaining two-thirds of the population of our Globe who lives in Asia. Latin America and most of Africa produces less than 20 percent of the GWP. A small segment of the population of these countries is wealthy but the overwhelming majority subsists on substandard incomes and is characterised by mass illiteracy, mal-nutrition, bad housing and lack of medical care. Because of these characteristics they have low productivity, which yields low level of income; low incomes, in turn, imply a small capacity to save resulting in an economic situation where there is barely a possibility to moblize resources for development. The question has often been raised: 'Is there way out for the developing countries'?

Suggested Citation

  • Paul Jonas & Anjum Nasim, 1976. "Public and Private Savings of Selected Developing Countries in the First UN Development Decade," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 15(4), pages 446-457.
    • Handle: RePEc:pid:journl:v:15:y:1976:i:4:p:446-457
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