Educational planning and economic growth, Microeconomics

Assignment Help:

Educational Planning and Economic Growth

The 1950s was an era of intense global economic activity. This was the initial period of decolonisation. The new nations were faced with the challenges of nation-building and economic reconstruction. Achieving high levels of economic growth was believed to be the magic wand for national reconstruction. This was also the historical experience of advanced countries. Arthur Lewis was in the forefront of this thesis, A.O. Hirschman, Dudley Seers being others. Leontiff had also suggested a model, input-output model, to achieve high rates of economic growth.


Scarcity of resources, in particular capital, was a major constraint for developing countries including India in making investments required for achieving growth.Needs of the economy were enormous and goals of nation-building, as revealed in the Indian case in its Constitution adopted in 1950, were noble. There were several competing demands from society. Infrastructure for development – roads, railways, ports, aerodromes, communication, transport, financial institutions, markets, energy and power – were very poor. Added to this, illiteracy, infant mortality, maternal mortality and morbidity were very high while life-expectancy and enrolment rates in schools were very low. Demands from several sectors and sub-sectors such as agriculture, irrigation, industry were co-existing with those of health, education, housing, drinking water supply and sanitation.

Public spending came under a cloud – whether the limited resources of the State be devoted to growth–oriented sectors or frittered away on welfare of the people was the issue. Education was treated as a welfare/consumption sector. Even within the education sector there were competing demands across adult education, school education and higher education. Within the levels – say school education – there were competing demands across programmes such as opening of new schools, supply of teachers, school buildings, equipments, etc. It is in this scenario that developing countries began to think about planning in general and educational planning in particular.

 


Related Discussions:- Educational planning and economic growth

Infrastructure , Infrastructure : Infrastructure plays an important ro...

Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p

Perfect competition, When should a firm shut down production in the short r...

When should a firm shut down production in the short run?

Subsitution and income effect, subsitution effect dominate tha income effec...

subsitution effect dominate tha income effect in which good case?

Assignment, If the Bank of England wanted to discourage investment spending...

If the Bank of England wanted to discourage investment spending and reduce aggregate demand, it could?

Draw a graph of the market for reserves, During summer of 2006, China incre...

During summer of 2006, China increased their reserve requirement for the banking system while maintaining a fixed target for the interbank lending interest rate. Draw a graph of th

Describe the term price elasticity of demand, Problem : (a) Describe th...

Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and  Explain how demand of a commodity will change if there is a tax on that product

Consumer equlibrium, have to do a group project on consumer equlibrium. plz...

have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)

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