Future directions - economic policies, Microeconomics

Assignment Help:

FUTURE DIRECTIONS:

It is often said that the difficult things are the beautiful things, and if they are as vital for healthy national development as an economy, society and polity purged of the scourge of the dirty economy, the difficult things are really a challenge worth grabbing. But who would take up this challenge and how? Clearly the ordinary citizens of the country. They are paying the price of the debilitated state under the weight of the massive black economy and distorted policy processes and outcomes. It is these masses who have to make use of the democratic space consisting of the institutions, parties, freedoms and the opportunities afforded by the democratic plans, policies and programmes adopted ostensibly for the common citizen under the political compulsion of mobilising voters' support (howsoever token their size compared to the bounties bestowed by the state on the better-off sections), who have to rise like one person to assert their democratic rights and freedoms for tilting the system in their favour. A new concept, theory, strategy and policy framework of development are needed. These are long-term and uncertain tasks, depending on mega socio-economic factors of both the national and global politics. In the short-run and a partial relief, a number of steps can reduce the severity, spread and size of the black economy by means of a number of policy, institutional, administrative and other policy and programmatic measures. An essential precondition for effective intervention by the people is that they must have at least a minimum of livelihood adequacy and security. This is essential for building up in a democratic society with robust political and civil society institutions their capacity and willingness to work for a clean and just social order. The existing order and its beneficiaries are the fountain head of the black economy and perversion of policy processes. Hence, it is natural that beyond a point they would not like the policies which strike at the very roots of the underground economy and their capacity to manipulate the policies away from the general interest and towards their group, class and/or personal interests. Hence, a political framework which guarantees the livelihood adequacy and security, as seems to be on the horizon with the enactment of the Employment Guarantee law by the United Progressive Government at the center, may be treated as a positive sign for strengthening the anti-black economy forces in the economy. Then, methods of checkmating benami, that is fictitious names transactions and fictitious transactions, is also another major prerequisite for dealing some effective blows against the black money phenomenon. The secrecy of public decision-making and totally unwarranted protection available to Government functionaries against public scrutiny are also factors which must be curbed in order to reduce corruption and increase public accountability and transparency in public affairs. The prevailing bad money dominated politics and politicians are an active agency distorting the policy processes from the declared lofty objectives and for amassing illegal wealth. Democratisation of political parties and electoral reforms in order to break the unholy nexus between politicians, corrupt business persons, bureaucrats and the criminal mafia gangs can go a long way in moving towards a clean democratic society. Then a series of changes in our planning, policies, administration and methods of policy and programme implementation are essential for effective and honest policies. Democracy and peoples' own efforts are the means which may be slow, difficult, at times frustrating, but they do produce overtime desirable outcomes. There is every reason to hope that over time India would move towards a genuine, honest pro-people state, economy and society. Then the black economy and policy perversions would become marginal instances of deviant behaviour, unable to change the basic course and character of system. 


Related Discussions:- Future directions - economic policies

Estimating Industry Demand for Fresh Market Carrots, this is a project I ne...

this is a project I need help answering the questions

S block elements , #question.what is the periodc clasification?.

#question.what is the periodc clasification?.

Explicit costs are accounting costs, An economist's view of costs contains ...

An economist's view of costs contains both explicit and implicit costs.  Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou

Consumers demand function, A consumer purchases food (X) and clothing (Y). ...

A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ

Explain the demand pull inflation, Explain the Demand Pull Inflation D...

Explain the Demand Pull Inflation Demand Pull Inflation:    Occurs when aggregate demand exceeds aggregate supply. If there is an excess level of demand in the economy, this w

Types of unemployment, Question 1: a) Describe the different types of u...

Question 1: a) Describe the different types of unemployment that exist. b) Critically examine how monetary policy will be used to deal with inflation. c) Critically deter

Social cost of monopoly, Price Discrimination: occurs when the same produc...

Price Discrimination: occurs when the same product is sold at different prices to different consumers. A monopolist divided his consumers into groups and sells his product at vary

EM13106443, May I get a quote on order number EM13106443. Thanks

May I get a quote on order number EM13106443. Thanks

Discuss about the evaluation step in analytical frameworks, Discuss about t...

Discuss about the evaluation step in analytical frameworks. Evaluations: The fifth step into studying an economic step is to estimate outcomes resulting through the under

Production, Suppose that a firm’s production function is given by Q=30L-3L2...

Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produc

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