Good governance to ensure implementation of economic policy, Microeconomics

Assignment Help:

GOOD GOVERNANCE TO ENSURE IMPLEMENTATION OF ECONOMIC POLICY:

 Government is very sensitive to the expectation of the people and sincere efforts in this direction have already been initiated. Good governance is an overarching component of the agenda of Government which has taken measures to make administration accountable, responsive and transparent through: (a) citizen charters to signify the visible commitment for quality service and attention to grievance, (b) review of administrative laws and regulations for dismantling procedures and red tapism by repeal or amendment of outdated and obsolete laws, regulations and procedures that mystify, and confuse the people, (c) creating the environment to reap the benefits of IT by harnessing IT, (d) setting up of Information and FacilitationCounters, and (e) formulation of a Freedom of Information Bill. 

The Government has to become a learning organisation. It has to lead businessand industry in the emerging competitive world. The coming millennium isgoing to be one of information, science, technology, growth and competition.To face the emerging challenges, systemic thinking is essential. It is alsonecessary to involve the people as well as the employees in the effort througha shared vision. Personal mastery by individual should be encouraged. Forthis, change in the existing mental models in many areas are required. ThePresent culture of competition between individuals has to be replaced bycompetition between teams and organisations.  

The difficulties the Government is facing in implementing performancebudgeting, zero-based budgeting, control of deficit financing andimprovement of its image among its people, are mainly due to the lack ofinvolvement of employees in their work. Once the Government is able to drawupon their competence and commitment, these will become easier and moreeffective. For making the Government a learning organisation, employees'commitment and involvement are very essential. The depends effectiveness ofthe nation to tackle the challenges of the future. 


Related Discussions:- Good governance to ensure implementation of economic policy

Privatisation of the economy:, Privatisation of the Economy: Privatisa...

Privatisation of the Economy: Privatisation has to be viewed in two ways: In a narrow sense, it implies the induction of private ownership in a public sector undertaking. In a

Demand and Supply, #questDuring the 1990s, technological advance reduced th...

#questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter

Elasticity, what are the uses of elasticity to the private sector

what are the uses of elasticity to the private sector

Market , What is a Market? Markets A geographically stated area wh...

What is a Market? Markets A geographically stated area where buyers and sellers interact or communicate to decide the price of a product or a series of products. Marke

Calculate currency exchange rate, Question-1 : This question is designed ...

Question-1 : This question is designed to show your understanding of stock market terminology and also the impact of currency exchange rate. You are a Swiss Franc (CHF) based inv

Production, Ask questA rmuses 4 inputs to produce 1 output. The production...

Ask questA rmuses 4 inputs to produce 1 output. The production function is f (x 1 ; x 2 ; x 3 ; x 4) =minfx 1 ; x 2 g + minfx 3 ; x 4 g.ion #Minimum 100 words accepted#

Regulating skilled labour, 5 stratgies that can be used to regulate skilled...

5 stratgies that can be used to regulate skilled labour in developing countries

Williamson''s managerial discretion., how is price and output equilibrium d...

how is price and output equilibrium determined in Williamson''s model of managerial discretion?

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