McNamara, Robert S.2020-02-132020-02-131972-09-25https://hdl.handle.net/10986/33328Robert S. McNamara, President of the World Bank, reported on the Bank’s operations in fiscal year 1972 and reviewed the progress of the Five-Year Program for 1969–73. He assessed the current state of development in member countries and outlined the program for the five years 1974–78. He explored the central issue of the relationship of social equity to economic growth. Given the shortfall in official development assistance, the debt problem, and the procrastination of the developed countries in dismantling discriminatory trade barriers, the Second Development Decade’s 6 percent growth target is not going to be met by many nations. The most persistent poverty is that of the low-income strata, roughly the poorest 40 percent of the total population in all development countries—who are trapped in conditions of deprivation. He argues that an urgent task is to reorient development policies to directly attack the poverty of the most deprived 40 percent of the population. Governments must achieve this without abandoning their goals of overall economic growth. Greater priority is needed to establish growth targets in terms of essential humans needs: nutrition, housing, health, literacy and employment, even at the cost of some reduction in the pace of advance in certain narrow and highly privileged sectors whose benefits accrue to the few.CC BY 3.0 IGOABSOLUTE POVERTYACCESS TO CREDITACCOUNTINGADVICE TO GOVERNMENTSAGRICULTURAL GROWTHAGRICULTURAL PRODUCTIVITYAGRICULTURAL RESEARCHAGRICULTURAL TECHNOLOGYAGRICULTURAL YIELDSAID AGENCIESALLOCATION OF RESOURCESAPPLICATION PROCEDURESAPPROPRIATE INCENTIVESARID TROPICSBANK FINANCINGBORROWINGCAPITAL MARKETSCAPITAL REQUIREMENTSCITIZENCITIZENSCOMMUNITY OF NATIONSCONFLICTCONSOLIDATIONCONSUMER GOODSCOOPERATIVESCREDIT POLICIESCREDITSCREDITWORTHINESSCROPLANDCURRENT PRICESDEBTDEBT BURDENDEBT PAYMENTSDEBT SERVICEDECENTRALIZATIONDECENTRALIZATION OF AUTHORITYDEMOGRAPHIC PROJECTIONSDEVELOPING COUNTRIESDEVELOPMENT GOALSDEVELOPMENT OBJECTIVESDEVELOPMENT PLANSDEVELOPMENT POLICIESDEVELOPMENT POLICYDEVELOPMENT STRATEGIESDIMENSIONS OF POVERTYDISEASESDROUGHTEARLY DEATHEARNINGSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC PROGRESSEMERGENCY PLANEXCHANGE RATESEXPENDITURESEXPORT EARNINGSEXTENSION AGENTSFAMILY FARMSFAMILY PLANNINGFARM FAMILIESFARM IRRIGATIONFARMERSFEEDER ROADSFINANCE MINISTRIESFINANCIAL AIDFINANCIAL ASSISTANCEFINANCIAL COMMITMENTSFINANCIAL POLICIESFINANCIAL RESOURCESFINANCIAL STRUCTUREFOOD SHORTAGEFOREIGN EXCHANGEGREATER ACCESSGROSS NATIONAL PRODUCTGUIDE TO ACTIONHEALTH CENTERSHEALTH SERVICESHUMAN BEINGSHUMAN DIGNITYHUMAN LIFEILLITERACYINCOMEINCOME DISTRIBUTIONINCOME GROUPINCOME GROUPSINCREMENTAL INCOMEINDUSTRIALIZATIONINEQUALITIESINEQUALITYINFANTINFANT MORTALITYINSURANCEINTEREST RATEINTEREST RATESINTERNAL MIGRATIONINTERNATIONAL ASSISTANCEINTERNATIONAL BANKINTERNATIONAL COMMUNITYINVESTMENT PLANSLAND CEILINGSLAND REFORMLAWSLEGISLATIONLIFE EXPECTANCYLIVES OF INDIVIDUALSLIVESTOCK PRODUCTIONLIVING STANDARDSMALNUTRITIONMILKMINORITYMODERNIZATIONMONEY LENDERMONEY LENDERSNATIONAL GOVERNMENTSNATIONAL LEVELNET INCOMENUTRITIONNUTRITIONAL DEFICIENCIESOFFICIAL DEVELOPMENT ASSISTANCEPEOPLESPER CAPITA PUBLIC EXPENDITURESPESTICIDESPLAN OF ACTIONPOLITICAL LEADERSHIPPOLITICAL POWERPOORPOOR COUNTRIESPOOR FARMERSPOOR NATIONSPOPULATION INCREASEPUBLIC SERVICESPURCHASING POWERQUALITY OF LIFEQUANTITATIVE GOALSRATE OF GROWTHRATES OF INTERESTREORGANIZATIONRESEARCH INSTITUTIONSRURALRURAL AREASRURAL DEVELOPMENTRURAL INSTITUTIONSRURAL POORRURAL POVERTYSAVINGSSCARCE RESOURCESSELF-RELIANCESHORT SUPPLYSMALL FARMSMALL FARMERSMALL FARMERSSMALL FARMSSMALL LOANSSMALL-SCALE AGRICULTURESMALL-SCALE IRRIGATIONSMALLHOLDERSMALLHOLDER AGRICULTURESMALLHOLDERSSOCIAL EQUITYSOCIAL INFRASTRUCTURESOCIAL TENSIONSSUBSISTENCESUBSISTENCE FARMERSTECHNICAL ASSISTANCETECHNICAL INFORMATIONTECHNOLOGICAL CAPACITYTRADE IMBALANCESUNEMPLOYMENTUPPER INCOME GROUPSURBAN AREASURBAN SLUMSURBANIZATIONVICTIMSVILLAGEWATER RESOURCESWORKING CAPITALHUMAN NEEDSWORLD BANK GROUP STRATEGYEXTREME POVERTYSpeechWorld Bank10.1596/33328