This article acknowledges the fact that even though 'growth rates' in developing countries have increased in the recent past, the divergence of inequality has widened and that employment prospects have not improved despite such growth. He argues that there is a problem of resources developing countries despite such growth rates due to the continuous resource flow from these countries to the developed nations. The author discusses different methods of generating resources and thereby improving employment conditions in developing countries, much of it in the context of the Millennium Development Goals (MDG) of the UN. The paper also presents a criticism of the current practices of resource generation as dictated by mainstream arguments, highlighting the long run pitfalls of the seeming gains in the short run.

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March 10, 2007.