Day: March 16, 2004

It’s the Small Stuff, Stupid

An ironic bit of popular wisdom goes

  1. Don’t sweat the small stuff.
  2. It’s all small stuff.

In the context of economic development, I totally agree with the latter bit, but strongly disagree with the former bit. If we don’t sweat the small stuff, we don’t have much hope of managing the big stuff since the big stuff is exactly what arises from an aggregation of all those small bits of stuff.
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Growth and Development

Prasad requested a bit more on the distinction between development and growth. Consider the life-cycle of a normal human being. The initial stages are marked by growth and development; the later stages by a cessation of growth but continued development (hopefully). Growth, apart from that required in the initial stages, is neither necessary nor sufficient for development. One can have one without the other.
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