"Under developed countries are the slums of the world." This statement is by:

Question

Accepted Answer

The correct option is 1:

The statement, "Under developed countries are the slums of the world," is attributed to Sir Alexander Kirkland Cairncross (A. N. Cairncross), a prominent British economist known for his work in international finance and economic development. This quote powerfully encapsulates the severe disparities in living standards, infrastructure, and economic opportunity between developed and developing nations in the mid-20th century. Cairncross used this metaphor to draw attention to the acute poverty, overcrowding, and lack of basic services prevalent in the developing world, comparing their marginalized global economic position to the condition of slums within a city. The statement highlights the need for substantial international efforts and capital assistance for these nations to achieve self-sustaining growth and rise out of their perpetual state of underdevelopment.

The incorrect option is 2: Colin Clark
Colin Clark was an Australian economist famous for pioneering the concept of dividing economic activity into three sectors: primary (agriculture), secondary (manufacturing), and tertiary (services). While his work was foundational to understanding economic structure and development, he is not the originator of the "slums of the world" metaphor.

The incorrect option is 3: J. Bhagwati
Jagdish Bhagwati is an Indian-American economist renowned for his research on international trade and globalization. He is a strong advocate for free trade and economic liberalization, often addressing criticisms of globalization, but this specific quote does not belong to his body of work.

The incorrect option is 4: Ragnar Narkse
Ragnar Nurkse was an Estonian economist who made significant contributions to development economics, particularly with concepts like the "vicious circle of poverty" and the need for "balanced growth." While his focus was heavily on solving the problems of underdeveloped nations, the phrase "slums of the world" is not his famous quote.