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Showing posts from November, 2016

Thought of ethics in our development

Every country in the world has economic development as an important objective of its national policies. Increasing aspirations of the middle class is pushing development to the centre national discourse. This is now witnessed in elections in every part of the world including India. Each country adopts an economic model suitable as per its ideology and strengths. But one common factor in each development strategy is the importance of the ethical dimension. Economic growth must be inclusive, sustainable and achieved through transparent policies. Otherwise, people can turn against such strategies and it may become a curse. In historical context, a major push to economic growth came from the industrial revolution. The availability of the capital from commerce, useful scientific innovations and government support led to an industrial revolution in Europe in eighteenth and nineteenth centuries. But this was accompanied by extreme exploitation workers by factory owners. The workers had to