Factors responsible for policy failures, Microeconomics

Assignment Help:

FACTORS RESPONSIBLE FOR POLICY FAILURES:

It is the subject of many official and academic studies to try and find out the reasons for the inability of many, in fact, most of the state policies to achieve their objectives, and later on even for the inability to adopt objectives sufficient to tackle major national tasks over a reasonable period of time. Just as the success of a policy prepares the ground for further successful accomplishments, the policy failures too become cumulative and make future policy process (i.e. from the identification of the agenda to the successfulimplementation of the chosen course of interventions) become the victim ofpast inadequacies, distortion and failures. A long period of continuation ofsuch implementation failures has become the Achilles' heel of India'sdevelopment policy experience. Many policy analyses have pointed outseveral factors ranging from national character, population pressure, political,bureaucratic and business elite values and modes of behaviour, legacy ofcolonialism and the domineering policies of the rich countries and themultilateral global organisation they control, including the adverse, improperpolicy advice, kibitzing and interference by the rich countries by means ofperipatetic advisers, to lack of technical expertise and proper appreciation ofthe narrow, vested interests hidden as  international 'development' expertise,transparency, accountability, widespread corruption, lack of popular peoples'organisation for active participation in democratic state processes, especially for want of any steps to provide the minimum essential conditions of existenceto the masses endowed with voting rights, etc. as responsible for the policyfailures in India. 

In addition to the above general factors, for every specific policy, a set of particular factors have often been identified. Many experts, committees, commission, international consultants too have made significant contribution towards the identification of the roots of the malaise affecting policy processes and governance in India. Some follow up action too has occasionally been initiated. But unfortunately, the problems and impasse seem to be becoming increasingly intractable. Even a major policy shift like the one towards liberalisation, privatisation, globalisation in the early 1990s seems to have become stuck in the deep-seated morass of cozy, crony relationships and partial, unrealistic analysis of the underlying reality. In addition to the neglect of popular concerns, at least some of the factors are still crying for attention.

For example, many tax reforms, public debt management, public expenditure and fiscal stabilisation related measures have been carried out. But the fiscal crunch continues. Similarly, liberalisation of industrial licensing has not succeeded in improving the share of manufacturing either in GDP or employment of workforce. External debt continues its upward spiral as the domestic policies are modified in order to win the confidence and approbation of the international financial operators so necessary for continued ability to borrow abroad.


Related Discussions:- Factors responsible for policy failures

Curvature of the iso-quant, Curvature of the Iso-quant: An iso-qunat i...

Curvature of the Iso-quant: An iso-qunat is convex to the origin. This is so because as more and more units labour are employed, the producer would prefer to give up less and

Austrian economics, Austrian economics is a brand of neo-classical economic...

Austrian economics is a brand of neo-classical economics that was established in Vienna during the late 19th century & first half of the 20th century. Austrian economics was strong

Arc elasticity of demand, Arc Elasticity of Demand - Arc elasticity cal...

Arc Elasticity of Demand - Arc elasticity calculates elasticity over the range of prices  - The formula of it is: *  Arc Elasticity of Demand: An Example

Illustrate the content in the rational consumer, Illustrate the content in ...

Illustrate the content in the rational consumer? Content in the rational consumer: a. How to spend income onto goods and services? b. Why maximizing usefulness? c. Wh

Resource markets, Business sell to households in the resource markets, but ...

Business sell to households in the resource markets, but households sell to businesses in the product market

Cyclical fluctuations, Cyclical Fluctuations: Consider a situation whe...

Cyclical Fluctuations: Consider a situation where the value of money above trend indicates an unexpectedly high level of money in the recent past. The model predicts that this

Investment in flood control infrastructure - present value, 1. An investmen...

1. An investment in flood control infrastructure  today will generate $1,000,000 in benefits 10 years from today. Using a 3% discount rate what is the present value of these benefi

Supply, Clearly explain the distinction between supply, demand and equilibr...

Clearly explain the distinction between supply, demand and equilibrium price.

Aggregate supply curve for entire economy, 1. Explain how the aggregate sup...

1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a

Health Reform, Healthcare Reform is currently in the news almost every day....

Healthcare Reform is currently in the news almost every day. The current approach proposes a government sponsored health insurance “market” to help control costs and make healthcar

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