Reinforcement of inappropriate development by privileged classes

Other Names:
Disproportionately wealthy elites in developing countries
Conspicuous consumption in developing countries
Within developing countries the capital is usually held by a small privileged class which is uninterested in investing in ventures conducive to more appropriate forms of development of value to the poor majority. Such capital is rendered unavailable because it is lent to foreign investors, used in speculative ventures or to purchase more land or imported luxuries, or sent out of the country to secure foreign banks.
Problem Type:
F: Fuzzy exceptional problems
Date of last update
15.08.1999 – 00:00 CEST