Académique Documents
Professionnel Documents
Culture Documents
Wrong Theories
Determined Opposition –
Total Interest Payments from Poor to Rich
Countries: around 7 Trillion USD
Transfer Payments by Multinationals: Another
7 Trillion.
The Neo-Colonial System
Debt & Interest Based
“All that we had borrowed up to 1985 or 1986 was
around $5 billion and we have paid about $16 billion yet
we are still being told that we owe about $28 billion.
That $28 billion came about because of the injustice in
the foreign creditors’ interest rates. If you ask me what
is the worst thing in the world, I will say it is compound
interest” President Obasanjo of Nigeria, speaking after
G8 summit in Okinawa, Japan 2000
Blocking ALL paths to development
Illusion of Foreign
Expertise Remedies
Learned Helplessness Knowledge – Neo-Colonial
Mechanisms of Debt-Traps
Dis-information
Courage to Act
Perkins: Confessions of an
Economic Hit-Man Desire to Act
Bad Ideas ARE dominant
conventional islamic
Minimize consumption Spend on:
Maximize investment Essential consumption
Mahbubul haq experience in Productive investment
implementing this strategy
Don’t spend on
Consequences: HDR Wasteful consumption
Unproductive investment
Good honest sincere people who wish to serve, don’t ask anything for
themselves!
Clearing mind of fallacious and deceptive theories
Smart technical analysis of cost benefit for different projects
Creation of thousand points of light – community led development
Life is not about wealth, power, fame
Circumstances are training grounds
personal development is the goal
Realize the infinite potential buried within you – this is development.
Serve in a way to ALLOW others to achieve their potentials. – this is the
strategy for development.
Put all your efforts into serving others, and ask for nothing for your self
from others. This will open the channels to receiving from God, who can
give a lot more, and from where you cannot expect.
Secret to Rapid Growth:
Community Driven Development
This creates millions of engines of growth.
REVERSES current paradigm; WE create growth & share fruit with the
poor
INSTEAD: Support communities, and LET THEM be drivers of growth.
Lesson has been learned repeatedly
The RICH have buried this lesson under carpet repeatedly.
Domestic Demand, instead of FDI, Exports, Taxes.
Game Changers