Economic Development (Based on Theoretical and Conceptual Foundations of Negligence towards Production)

Economic planners and policy-makers need to pay special attention to the design and implementation of appropriate economic development models for developing and less developed countries while taking advantage of the knowledge and experiences of the better developed ones. The current paper studies the negligence made to the significance of production in economy which is prevalent in most under-developed nations. Evidence shows that negligence towards production has created a narrow view of welfare. This view which regards people as consumers rather than producers, resulted in the depletion of issues such as employment, job quality and labor welfare from government policies. This study analyses the foundations of negligence towards production with regard to the three important axes of emergence of Neo-liberalism, the response of humanists to the old issue of production-based development and the spread of post-industrial service economy.