Savings Generation and Financial Programming in a Basic Need Constrained Developing Economy

This paper attempts to outline an approach to economic development that aims at avoiding domestic inflationary pressures and external payments’ imbalances, while increasing the per capita consumption of certain commodities which are treated as ‘basics’. Predictably, a prior assessment of the availability of and demand for ‘basics’ emerges as the keystone of policies for balanced development. The argument is offered, however, as no more than a tentative first step toward strengthening the real economic content of policies for financial balance. Also, the aim is not so much to present a complete formal system as to assemble a few operationally related ideas. As such, the most that the paper can offer is a theoretical basis for further reflections upon a somewhat new framework for analysing an old problem.