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

Role of monetary policy, Q. Role of Monetary Policy? Monetary Policy: M...

Q. Role of Monetary Policy? Monetary Policy: Monetary policy reflects the use by government and government agencies (mainly the central bank) of interest rate adjustments and o

Marginal revenue, Marginal revenue: Marginal revenue is the change in ...

Marginal revenue: Marginal revenue is the change in total revenue with respect to a change in quantity sold. That is, it is the change in total revenue that results from the s

Calculate revenue, Question 1  (9 marks) During the 1990s, technologi...

Question 1  (9 marks) During the 1990s, technological advance reduced the cost of computer chips.  Explain, with the use of supply and demand diagrams, how the following mark

#Monopoly, How to prepare an assignment of Monopoly in economics#Minimum 10...

How to prepare an assignment of Monopoly in economics#Minimum 100 words accepted#

Structure of marginal cost, "Consider a market with n firms occupied in Ber...

"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal cost

Materials requirements calculations - mrp system, Materials Requirements Ca...

Materials Requirements Calculations - MRP System MRP is a computer-based 'engine' which carries out calculations in order to determine:  What is needed, and When i

Micro, a. Suppose the demand for saline solution is perfectly inelastic for...

a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what hap

Increasing Economic Inequality, What are the economic implications of incom...

What are the economic implications of income inequality? How can economic theory be helpful to analyze the causes and impact of income inequality? What are the concerns and how can

Construct anova design matrix - right reference cell coding, 1. Consider th...

1. Consider the following 2-way ANOVA Table with the group number listed in the cells of the table. Factor B=1 B=2 B=3 B=4

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