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

Factors determine the price elasticity of supply, Factors determine the pri...

Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others

Low standards of living, Low standards of living: In developing natio...

Low standards of living: In developing nations general standards of living tend to be very low for the vast majority of the people. These low standards of living are manifest

Banking infrastructure, Banking Infrastructure: An efficient financial...

Banking Infrastructure: An efficient financial system can influence the long-term growth through three important channels, namely: 1) increase in the proportion of saving tran

Periodic table blocks, I have to do a project on the blocks in periodic tab...

I have to do a project on the blocks in periodic tables. How specifically should I describe them? Should I describe each block''s characteristics, and if so, which ones? P.S. This

Income elasticity, With the recession, average incomes have fallen from $44...

With the recession, average incomes have fallen from $44,375 to $41,720.  Before the recession Groucho's Gizmos sold 600 gizmos a month. As an economics, predict the number of gizm

What is ceteris paribus, What is ceteris Paribus?  Ceteris paribus is a...

What is ceteris Paribus?  Ceteris paribus is a Latin phrase, literally translated as "other things the similar," and usually rendered in English as "all other things being equa

Project, I have to make a research paper project on Investigating the buyin...

I have to make a research paper project on Investigating the buying behavior of individuals in the white goods sector and seeing if there exists any negative relationship between d

True or false , The efficiency loss of a tax is the tax revenue collected b...

The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?

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