Introduction

We, Indians, suffer from three disabilities, viz.

(1) We do not have brevity of expression.
(2) We do not take decision.
(3) We do not have value of time.

The writer has reached to the above conclusion after he visited U.S.A. in 1995. Every Indian is very competent and hard working only out of India, where there is hire and fire. In foreign country, he snatches the business of native of country and supports his own business. He is capable of adjusting with the environment of the new country. In India, he adjusts with the above disabilities.

Sir Alvin Toffler in his book "POWER SHIFT" (1990) has classified fast decision economies and slow decision economies. He has observed, "Since the end of World-War-II, the world has been split between capitalist and communist, North and South. Today, as these old divisions fade in significance, a new one arises. To be fast or slow is not simply a matter of metaphor. Whole economies are either fast or slow." "In fast economics, advanced technology speeds production. But this is the least of it. Their pace is determined by the speed of transactions, the time needed to take decisions (especially about investment), the speed with which new ideas are created in laboratories, the rate at which they are brought to market, the velocity of capital flows, and above all the speed with which data, information and knowledge pulse through the economic system. Fast economies generate wealth and power faster than slow ones; "By contrast, in peasant societies economic processes move at a glacial pace. Tradition, ritual, and ignorance limit socially acceptable choices. Communications are primitive; transport, restricted. Before the market system arose as an instrument for making investment choices, tradition governed technological decisions. Tradition, in turn relied on "rules or taboos to preserve productive techniques that were proven workable over the slow course of biological and cultural evolution, according to economist Don Lavoie."

"But the most acute shortage facing LDCs is that of economically relevant knowledge. The 21st Century path to economic development and power is no longer through the exploitation of raw materials and human muscle, but as we've seen, through application of the human mind."

Above paragraphs are quoted to point out that Less Developed Countries (LDCs) suffer from disability as leaders are incapable of taking decisions and if the decisions are taken, bureaucrats will try their best not to implement good suggestions if their power and positions are in conflict with new project or system. The few examples which prove above conclusions.

 

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