Parameters for assessing economic reforms, Microeconomics

Assignment Help:

PARAMETERS FOR ASSESSING ECONOMIC REFORMS:

Let it be clearly understood that liberalisation, privatisation and globalisation are means with the help of which the growth process is sought to be accelerated. 

They should not be considered as ends in themselves. The goals of economic development have been defined in the First and the Second five-year plan. They alone become the parameters for judging the impact of economic reforms. The major goals are:

i) A higher rate of growth of GDP - 7-8 per cent per annum;

ii) Enlargement of the employment potential leading to full employment;

iii) Reduction of the proportion of population below the poverty line; 

iv) Promotion of equity or distributive justice so that a better deal is provided to the poor and less well off sections of the society;

v) Reduction of regional disparities between the rich and the poor states of India; and 

vi) Improvement in human development in terms of health and education of the population.

It would be useful if a critique of economic reforms is based on the success of economic reforms in achieving these goals.

 


Related Discussions:- Parameters for assessing economic reforms

Types of taxes, Taxes: Compulsory government levies collected to pay for pu...

Taxes: Compulsory government levies collected to pay for public spending. There are numerous types of taxes (corporate, income, wealth, sales, environmentaland payroll taxes); each

Cells electromotive force, Defining Cells Electromotive Force: The main ob...

Defining Cells Electromotive Force: The main objective of this particular aspect of Physical Chemistry is to examine the relation between free energies and the mechanical energy o

Utility and constrained optimization , Suppose the price of books is $15, t...

Suppose the price of books is $15, the price of movies is $5, and your income is $75. Assuming you have a desire to reach constrained optimization, how many movies will you buy? Ho

Competition and industry ., need to get assignment on income effect and sub...

need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect

Oligopoly, what are the factors causing oligopoly market?

what are the factors causing oligopoly market?

Bertrand paradox, Consider the following duopoly with differentiated goods ...

Consider the following duopoly with differentiated goods where x 1   and  x 2   denote the amounts of the goods 1 and 2  respectively, with prices p 1   and  p 2 . The demand funct

Hydrogen alkali and alkaline earth metals, Hydrogen, Alkali and Alkaline ea...

Hydrogen, Alkali and Alkaline earth metals Lithium atom and ion are very small and are comparable in sizes to those of Mg. Their polarizing power (charge / radius) are almost t

Floating exchange rates, Floating exchange rates There are two basic s...

Floating exchange rates There are two basic systems that can be used to determine the exchange rate between one country's currency and another's: a floating exchange rates (al

Deviation, Deviation - Difference between the expected and actual payof...

Deviation - Difference between the expected and actual payoff -  Adjusting for the negative numbers -  The standard deviation measures square root of average of squa

The market system, why is normal rate of return on capital included in the ...

why is normal rate of return on capital included in the total cost and what implication does it have

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