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

Criteria for acceptability, The goal is to replicate a real life product de...

The goal is to replicate a real life product development and familiarize students with the invent process of a system, component, or process to meet desired wants within realistic

Choosing output in long run, Choosing Output in Long Run * In long run,...

Choosing Output in Long Run * In long run, a firm can change all its inputs, including size of the plant. * We are taking free entry and free exit. * Accounting

Monopolistic competition and oligopoly, Monopolistic Competition and Oligop...

Monopolistic Competition and Oligopoly: It was recognized that most industries exhibit the features of monopolistic competition in real-life. However, it must be pointed out t

Oxidation stete, write name and symbol of element from s-block that has zer...

write name and symbol of element from s-block that has zero oxidation state?

Economic reforms and foreign investment inflows, Economic Reforms and Forei...

Economic Reforms and Foreign Investment Inflows: A major objective of economic reforms was to increase foreign investment, which helps to increase capital formation of the eco

Tax, if the inverse demand curve is p = 120 - Q and the marginal cost is co...

if the inverse demand curve is p = 120 - Q and the marginal cost is constant at 10, how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?

Foreign direct investment, Foreign Direct Investment: It is an investment b...

Foreign Direct Investment: It is an investment by a company (based in one country) in an actual operating business, including real physical capital assets (such asmachinery, buildi

Macroeconomics, Consider the following: The city council has just approved ...

Consider the following: The city council has just approved the construction of a water park in your town. You are responsible for studying the impact of the new water park on the l

Economic reforms and industrial growth, Economic Reforms and Industrial Gro...

Economic Reforms and Industrial Growth Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, indu

Demand Supply, Ask qIf the supply and demand curves for labor are represent...

Ask qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the equili

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