Educational planning and economic growth, Microeconomics

Assignment Help:

Educational Planning and Economic Growth

The 1950s was an era of intense global economic activity. This was the initial period of decolonisation. The new nations were faced with the challenges of nation-building and economic reconstruction. Achieving high levels of economic growth was believed to be the magic wand for national reconstruction. This was also the historical experience of advanced countries. Arthur Lewis was in the forefront of this thesis, A.O. Hirschman, Dudley Seers being others. Leontiff had also suggested a model, input-output model, to achieve high rates of economic growth.


Scarcity of resources, in particular capital, was a major constraint for developing countries including India in making investments required for achieving growth.Needs of the economy were enormous and goals of nation-building, as revealed in the Indian case in its Constitution adopted in 1950, were noble. There were several competing demands from society. Infrastructure for development – roads, railways, ports, aerodromes, communication, transport, financial institutions, markets, energy and power – were very poor. Added to this, illiteracy, infant mortality, maternal mortality and morbidity were very high while life-expectancy and enrolment rates in schools were very low. Demands from several sectors and sub-sectors such as agriculture, irrigation, industry were co-existing with those of health, education, housing, drinking water supply and sanitation.

Public spending came under a cloud – whether the limited resources of the State be devoted to growth–oriented sectors or frittered away on welfare of the people was the issue. Education was treated as a welfare/consumption sector. Even within the education sector there were competing demands across adult education, school education and higher education. Within the levels – say school education – there were competing demands across programmes such as opening of new schools, supply of teachers, school buildings, equipments, etc. It is in this scenario that developing countries began to think about planning in general and educational planning in particular.

 


Related Discussions:- Educational planning and economic growth

Market supply labour, Use a graphical illustration to describe briefly what...

Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en

Price determination, illustrate and discuss the implications of various mar...

illustrate and discuss the implications of various market structures (competitive and non-competitive) for price determination

Classical model explanation for involuntary unemployment, What is the class...

What is the classical model's explanation for involuntary unemployment? According to the classical model, involuntary unemployment only increases when there is something impedi

Capitalism, what to produce of capitalism

what to produce of capitalism

Government, A government official announces a new policy. The country wishe...

A government official announces a new policy. The country wishes to eliminate its trade deficit, but will strongly encourage financial investment from foreign firms. Explain why su

Explain tragedy of commons-tax incidence-elasticity, 1. Explain- a. Trag...

1. Explain- a. Tragedy of commons b. Free rider problem c. Diminishing marginal utility d. Diseconomies of scale e. Tax incidence f.  Elasticity g. Gains from

Parameters for assessing economic reforms, PARAMETERS FOR ASSESSING ECONOMI...

PARAMETERS FOR ASSESSING ECONOMIC REFORMS: Let it be clearly understood that liberalisation, privatisation and globalisation are means with the help of which the growth proces

Wave theory , what is the energy of violet light with a frequency =7.50 x 1...

what is the energy of violet light with a frequency =7.50 x 10 to the 14 s-1

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd