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Political will needed to use South Asia's resources for people's welfare: Saifur
by Staff Reporter
The Independent, March 31, 2002

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Finance and Planning Minister M Saifur Rahman yesterday said political will was needed for using resources of the South Asia region for economic welfare of the people. He stressed on the need of investment in human resources and added that if it happened people would not go beyond national boundaries.


The Finance and Planning Minister was speaking as the chief guest at the inaugural session of the two-day policy dialogue on the SACEPS Task Force Reports on South Asian Co-operation at the BRAC Centre Inn at Mohakhali in the city.


South Asia Centre for Policy Studies (SACEPS) organised the dialogue in collaboration with the Centre for Policy Dialogue (CPD). Chairman of SACEPS Prof Arjun K Sengupta chaired the inaugural session. Executive Director of SACEPS and chairman of CPD Prof Rehman Sobhan gave the introductory speech. President of the Institute of Integrated Development Studies (IIDS), Nepal Dr Mohan Man Sainju, Chairman of Maga Institute, Sri Lanka Godfrey Gunatilleke, Pro-Chancellor of Lahore University of Management Sciences Dr Syed Babar Ali, and Minister for Planning and National Development of Maldives Ibrahim Hussain Zaki gave statements. M Saifur Rahman said people want development. He said without political will there would be no development.


The Finance Minister said until the politicians were willing to ensure good governance, economic development and co-operation would not take place. Saifur Rahman said South Asia had most of the poor people in the world although the region had a very rich heritage. He said, "We can pull our resources together and eradicate poverty." The Finance Minister said we were suffering from a historical mindset. He said India was a big power and that if it had been more generous, co-operation would have been possible.


He said India had to make a big drive. He said we have a common destiny of millions but we did not trust each other. The minister said despite all ups and downs efforts should continue to bring millions of people out of the curse of poverty. Saifur said private investment in the name of globalisation was a predatory investment. He said technical know-how was not coming to the developing countries from the developed ones. Arjun Sengupta said common history would help build a common policy. He stressed on the need to change the old mindset. Prof Rehman Sobhan said Bangladesh was already an active trade partner in the South Asian region.


He emphasised on the need of trade diversification. He said rather than becoming victim of rapid globalisation South Asian nations should try to benefit from it. Dr Mohan Man Sainju appreciated Bangladesh for taking first initiative for establishment of SAARC. He said globalisation offers enormous opportunity but most of the people were not in the market process and were lacking behind in globalisation. "We are dictated by external ideas," he said. Sainju said policy should be home grown. He said unless we were able to develop our own capacity we would not be able to cope with globalisation process.


He said South Asia would be a focal region in the coming days. Godfrey Gunatilleke said rationale of economic co-operation was much stronger despite political issues and temporary conflicts. He said the strength of civil society was very important in South Asia and that the civil society should be non-partisan and free from political polarisation. Ibrahim Hussain Zaki said South Asia would have to stand together. He said economic co-operation must take the front line.


Two sessions on "Energy co-operation in South Asia" and "The SAARC Social Charter" were held in the working sessions that followed the inaugural session.