ABSTRACT
The decades since the 1950s have witnessed significant evolution in the approach towards and perspectives on development processes, patterns and policies. This is particularly so with respect to growth and equity issues. There was a time when economic growth was considered to be a sufficient objective of development policy. But during the last two decades, it has been increasingly recognized that economic growth, while necessary, is not a sufficient objective, and that equity, stability and peoples’ participation are equally important objectives to pursue.
