The following booklet titled “Economic Growth in a Free Society” was published on November 5, 1963, and was authored by W.W.Rostow. The author addresses the problem of economic development, which is often considered in the context of the relationship between rich and developing countries. While it is true that there is a vast difference in the GDP of advanced countries and low countries, the author lists three problems with posing the question of development as a matter of the rich and the poor. Firstly, He asserts that rather than wealth, continual growth is essential for development. Secondly, the author states that despite advanced countries’ high average income, there is intra-national income disparity. Thirdly, he mentions the issue of social equity in rich and emerging countries. The author writes that each country’s primary concern is its economic development. They want to achieve a rising and proportionate economic growth that benefits the living conditions of their people. In light of these problems, the author provides specific lessons for economic growth that he deems appropriate. His first proposition is that foreign aid can only be helpful if the receiving country effectively utilizes this marginal resource. The other lesson is on the significance of national planning in effectively mobilizing the country’s resources. Thereafter, he elaborates on the role of private enterprise. He advocates that the interests of an advancing society are best served when individuals manage industry and agriculture and the market is driven by competition. National programming and private enterprise must function through a relationship of partnership. Public and Private enterprises should endure that growth is not disproportionate and is enjoyed equally by all sections of society. Finally, the last proposition concerns human freedom. He asserts that economic development is not the sole responsibility of the Government but a collective responsibility of various institutions in society. The Government’s primary task is to provide the framework and stimulate and educate the people to take the necessary initiative.
