Economic Development and Management Education in India

Abstract

The problem of economic development varies in relation to the stage of economic development in which a country finds itself at a given time. For example, there were countries which had attained a fairly high level of development but which suffered severely during the Second World War and their economies had to be reconstructed. Illustrations of such nations are Germany and Japan. The underdeveloped countries of Asia, Africa, and Latin America manifest development problems of a different character, and even among these countries there is considerable variation in the stage of development at which each country has been. Nevertheless there are certain common problems which are similar in nature but different in degree. One of these, which is slowly being recognized, is that of the “managerial input” in the economic development model.