Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
International Comparisons Method
In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, South Korea examined the profile of development of a few industrialised nations of the world such as Japan, the United States and the Federal Republic of Germany. Other illustrations are: Puerto-Rico used the coefficients arrived at by the United States while Italy used those of France.
Even a model firm of one country can be taken as a model for a similar firm in another country. On a comparative and summative analysis, Korea realised that every increase in national income by one per cent was associated with an increase in participation of high-level manpower by 1.038 per cent. Likewise, the corresponding increase in participation of second level manpower was 1.655 percent.
Based on this information, South Korea planned its manpower supply by adopting the same ratios. This approach of looking to one country as a model cannot be followed by all countries. The chief parameter that controls the process of development in a country is its geographical location. For instance, a country like Nepal which is landlocked cannot think of modelling after Japan or France. Further, apart from geographical factors there are other factors related to the history and culture of the people. For instance, one of the factors associated with Japan’s rise as an industrial power is the quality of the people, their work-culture, self-discipline, entrepreneur-behaviour, etc. Hence, international comparisons as an approach for manpower planning has limited value.
Substitution Effect - The substitution effect is change in an item's consumption associated with the change in the price of the item, level of utility held constant. - Wh
Summary of Educational Planning and Economic Growth An economy with scarce resources and enormous needs and aspirations requires planning. This is true of the education sector
Direct and Indirect Benefits Life time earnings of an educated person is an instance of direct benefit from education. Skills produced in training or extension programmes in a
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
Q. What is Unit Labour Cost? Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividi
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 1. Suppose that the
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
What are the economic and social costs of high inflation levels? High inflation will have serious redistribution costs; make distortions to the economy; decrease international
What are expansionary and contractionary effects? Expansionary effect refers to the effect of raising the equilibrium level of national income. For example, an increase in gov
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd