Gdp growth, employment and poverty, Microeconomics

Assignment Help:

GDP Growth, Employment and Poverty:

The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething troubles of the just two years - 1991-92 and 1992-1993, growth rate picked up and GDP growth averaged about 7 per cent during 1993-94 to 1997-98 (Refer table 8.1). However, thereafter, the growth process became uneven and even decelerated during 1998- 99 to 2002-03 to an average of 5.3 per cent per annum. If we compare the annual average growth rate during the pre-reform period (1980-81 to 1990-91) which was of the order of 5.6 per cent per annum, then the post-reform 12-year period (1990-91 to 2002-03) also shows an average growth rate of 5.5 per cent (Refer table 8.1). Obviously, the claim of the advocates of reforms that they have been able to substantially jack up growth to 6-7 per cent per annum is not borne out by facts. This implies that the reform process has yet to establish its distinct superiority over the pre-reform period.

 


Related Discussions:- Gdp growth, employment and poverty

Current account - balance of payments, Current Account: The Current Ac...

Current Account: The Current Account can be broken down into two parts, viz., one, balance of trade, and, two, balance on invisibles. The Balance of Trade (BOT) deals only wit

Isoquant, if the price of labour is 2000 per hour and the price of capital ...

if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.

Williamson''s managerial discretion., how is price and output equilibrium d...

how is price and output equilibrium determined in Williamson''s model of managerial discretion?

Strategy to fight ntb and reorganisation of export councils, Reorganisation...

Reorganisation of Export Councils: India has a large number of exporpromotion councils, commodity boards and other similar agencies, butheir impact on India's foreign trade h

Equilibrium level of economic output, Provide an economic explanation of wh...

Provide an economic explanation of what you have shown in your diagram above.  Iceland was a small open economy with perfect capital mobility. Consequently, the equilibrium domesti

Advertising budget, Analyse the method by which a firm can allocate the giv...

Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?

Macroecon, How might a “perfect” macro equilibrium be affected by (a) a sto...

How might a “perfect” macro equilibrium be affected by (a) a stock market crash; (b) the death of a president; (c) a recession in Canada; (d) a spike in oil prices?

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