Development administration, Microeconomics

Development Administration:

Since the Government has been entrusted to manage economic and business activities, it was found difficult to manage the economic policy with the traditional administration as it has the experience of mostly dealing with law and order and justice. Therefore, development administration was introduced to manage new activities like economic policies. Let us now understand the meaning of Development Administration. Development is a process of growth in  the direction of modernity, especially towards nation-building and socio-economic progress. It has been stressed that "development is the rational process of organising and carrying out prudently conceived and staffed programmes or projects as one would organise and carry out military or engineering operations".

According to K.S. Dadzie, United Nations Director-General for Development and International Economic Cooperation, "The final aim of development must be the constant increase of the well-being of the entire population on the basis of its full participation in the process of development and a fair distribution of the benefits therefrom." Thus, the main aim of development should be to enrich the quality of life. You must have understood that Development Administration was introduced to ensure implementation of economic policies faithfully. But the structure of administration remained same. Now, let us explain the essentials of Development Administration.  

Posted Date: 11/10/2012 5:33:31 AM | Location : United States







Related Discussions:- Development administration, Assignment Help, Ask Question on Development administration, Get Answer, Expert's Help, Development administration Discussions

Write discussion on Development administration
Your posts are moderated
Related Questions
Problem: (a) Consider the Classical Linear Regression Model (CLRM) Y i = α + βX i + ε i (i) Using the method of ordinary least squares (OLS), derive an expression for

electronic configuration of s block elements

What is International Trade Economics, Explain study area of international trade economics.

Slutsky's Theorem: Graphical Presentation  We prove here that own price effect is the sum of own substitution effect and income effect for a price change, which is known

Why do so many international markets tend towards oligopolist structure? Definition of oligopoly - few and large firms with market power Basic assumptions of oligopoly

Sources of monopoly power: The main sources of monopoly power include the following: (i) Control of the entire supply of a basic input . It only one firm has access to or co

Suppose you have 10 individuals with values {$1, $2, $3, $4, $5, $6, $7, $8, $9, $10}.  Your marginal cost of production is $2.50.  What is the profit-maximizing price?  Using this

AS STUDENT OF ECONOMICS ELABORATE ON THE KALDOR-HISCKS COMPENSATION

how to make attractive assignment on theory of supply

What is Cost Push Inflation Cost Push Inflation :    When a cost of production (e.g. wages) enhances and firms put up prices to maintain profits. Cost increases may occur beca