Looking in the history: 7 decades back
8th May 2015 marked the 70th Anniversary of end of World War II. That day, in 1945, heralded a peace and stability for the Europe. Rapid economic recovery that followed through Marshall Plan provided to dilapidate Europe a generous grant of nearly 5 % of the USA’s GDP at that time. It was over and above 5 % of the aid that USA was already providing to Europe .
What followed during the years of Europe’s progress was the stark realization of the over-exploitation of the natural resources for the rapid economic recovery invoked the reflection and debate on the economy, measured by GDP, as against development, measured by Human Development Index (HDI). That is the time in 1961, when Organization for European Economic Co-operation (OEEC), set up in 1948, was reformed into Organization for Economic Co-operation and Development (OECD).
Unfortunately, Greedy Development Process- sarcastically...