Implementation of economic policy, Microeconomics

Assignment Help:

Implementation of economic policy:

On the ability of civil servants and Government to learn, Government must possess the following qualities to ensure implementation of economic policy efficiently: 

i) Openness in the sense of having wide contact with the people administered; 

ii) A sense of justice, fair play and impartiality in dealing with men and matters; 

iii) Sensitivity and responsiveness to the urges, feelings and aspirations of the common people; 

iv) Securing the honour and dignity of the human being, however, humble he or she might be; 

v) Humility and simplicity in the persons manning the administrative machinery and their easy accessibility; 

vi) Creating and sustaining an atmosphere conducive to development, growth and social change; and 

vii) Honesty and integrity in thought and action. 

The bureaucracy must understand that the purpose of administration is to deliver the benefits of economic policies and not to exist for its own sake.  The widespread poverty and the depressed standards of living among such a large number of people pose a very serious threat to peace as well as socio-economic development. According to Dr. Lando, "What is happening around us shakes our complacency, challenges our faith in human progress and imbues us with an intense feeling of shame, doubt and guilt. In a world where the gigantic scientific and phenomenal technological achievements command our admiration and almost fetish acceptance, we are witnessing an intolerable degradation of man. Our pride in belonging to a generation that for the first time since the genesis of man has set foot on another planet cannot, however, disguise the awful truth that it may be easier to travel to the moon than to erase from the surface of the earth, the image of inevitable poverty, human exploitation, injustice and the degradation of human welfare." 


Related Discussions:- Implementation of economic policy

Determinants of private demand - linkages with employment, Determinants of ...

Determinants of Private Demand - Linkages with Employment Employment potential of courses in higher education is an important determinant of private investment in higher educa

Negative profit, Negative profit  FC + VC > R(q) MR > MC ...

Negative profit  FC + VC > R(q) MR > MC    Indicates higher profit at the higher output - Question: Why is profit negative when the output is zero? - Outp

Gdp price level, GDP Price Level At the equilibrium level of income agg...

GDP Price Level At the equilibrium level of income aggregate spending in the economy equals aggregate output. All along, we have assumed that the general price level remains un

Describe the features of monopolistic competition, It is important to under...

It is important to understand the important characteristics of monopolistic competition. The knowledge of these features will enable the students to know how this form of market st

Monopsony, disadvantages of monopsony

disadvantages of monopsony

Perfect competition in labor markets, the existance of a labor marketcharac...

the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss

Boltzmann distribution, Boltzmann Distribution: In most cases of interest o...

Boltzmann Distribution: In most cases of interest of chemistry the particles adopt the Boltzmann distribution. Qualitative considerations: the general expression for W given by eq

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