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(b) review of administrative laws and regulations for dismantling procedures and red tapism by repeal or amendment of outdated and obsolete laws, regulations and procedures that mystify, and confuse the people, (c) creating the environment to reap the benefits of IT by harnessing IT,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

Central planning of economic system, Q. Central Planning of economic system...

Q. Central Planning of economic system? Central Planning: An economic system in that crucial decisions regarding consumption, investment, exchange rates, interest rates and pri

Graph the demand and supply curves, The demand curve for oranges is given b...

The demand curve for oranges is given by the equation P = 5 - Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars per o

HELP, Suppose Jean Splicer, an investor, buys $300,000 of shares of stock i...

Suppose Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000. Assume the

Determine the number of units of capital and labour, a) The production func...

a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim

What is Oxidation Number, Definition of oxidation number... Oxidation numb...

Definition of oxidation number... Oxidation number is a charge of central atom appears to keep if all of the ligands are removed along with the electron pairs which are shared wit

Elasticities of demand, The price of a laptop increases by 20% and there is...

The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.

Economic policy efficiently, Economic policy efficiently: The reason f...

Economic policy efficiently: The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but t

Econ, Draw a Production Possibilities Frontier with consumer goods on the v...

Draw a Production Possibilities Frontier with consumer goods on the vertical axis and capital goods on the horizontal axis. Show how the PPF will shift if the production of capita

International economics., How has the Haberler''s theory of opportunity cos...

How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade

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