Restrictive effects of external capital on development
Experimental visualization of narrower problems
The former centrally planned economies of Central and Eastern European have found foreign capital inflows in their various forms to be a mixed blessing, threatening the macroeconomic balance that they have recent achieved. These countries have learned that it is not easy to continue to attract foreign capital and simultaneously to reduce its adverse effects on inflation, the exchange rate and the current account, and to contain disturbances resulting from reversals of the flows.
A consistent system of money flow from sources outside a country or community creates the attitude that development can only begin to take place at the administrative level. When government funded improvements stop short of completion, a community may simply stand still, the people generally assuming that they can do nothing. Convinced that delay is inevitable, due to constantly shifting priorities which are largely beyond their control, they prefer to wait for the government to continue improvements rather than seeing the viability of alternative routes and pursuing them.
The Encyclopedia of World Problems and Human Potential is a collaboration between UIA and Mankind 2000, started in 1972. It is the result of an ambitious effort to collect and present information on the problems with which humanity is confronted, as well as the challenges such problems pose to concept formation, values and development strategies. Problems included are those identified in international periodicals but especially in the documents of some 60,000 international non-profit organizations, profiled in the Yearbook of International Organizations.
The Encyclopedia includes problems which such groups choose to perceive and act upon, whether or not their existence is denied by others claiming greater expertise. Indeed such claims and counter-claims figure in many of the problem descriptions in order to reflect the often paralyzing dynamics of international debate. In the light of the interdependence demonstrated among world problems in every sector, emphasis is placed on the need for approaches which are sufficiently complex to encompass the factions, conflicts and rival worldviews that undermine collective initiative towards a promising future.
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