Parameters for assessing economic reforms, Microeconomics

Assignment Help:

PARAMETERS FOR ASSESSING ECONOMIC REFORMS:

Let it be clearly understood that liberalisation, privatisation and globalisation are means with the help of which the growth process is sought to be accelerated. 

They should not be considered as ends in themselves. The goals of economic development have been defined in the First and the Second five-year plan. They alone become the parameters for judging the impact of economic reforms. The major goals are:

i) A higher rate of growth of GDP - 7-8 per cent per annum;

ii) Enlargement of the employment potential leading to full employment;

iii) Reduction of the proportion of population below the poverty line; 

iv) Promotion of equity or distributive justice so that a better deal is provided to the poor and less well off sections of the society;

v) Reduction of regional disparities between the rich and the poor states of India; and 

vi) Improvement in human development in terms of health and education of the population.

It would be useful if a critique of economic reforms is based on the success of economic reforms in achieving these goals.

 


Related Discussions:- Parameters for assessing economic reforms

Direction of trade, Direction of Trade: It is indicative of the struct...

Direction of Trade: It is indicative of the structure and level of economic development. As a country develops and its trade gets diversified, it has to seek new outlets for i

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

Utility and consumer surplus, Jeremy is an economics student who loves hamb...

Jeremy is an economics student who loves hamburgers. He could eat any number of them for dinner, but he gets a really bad stomach ache after eating a certain amount. In fact, his u

Production, explain the concept economies/diseconomies of scale and minimum...

explain the concept economies/diseconomies of scale and minimum efficient scale

Economic Growth, How do we measure economic growth and why do we need econo...

How do we measure economic growth and why do we need economic growth? (ii) What can governments do to stimulate economic growth and create jobs? (provide some current examples) (ii

Graph the demand and supply curves, The demand curve for oranges is given b...

The demand curve for oranges is given by the equation P = 5 - Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars per o

Decolonialisation of the developing world, Normal 0 false fal...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Help, I have some Microeconomics problem need to be solve, three Long quest...

I have some Microeconomics problem need to be solve, three Long question and 10 multiple-choice. If I give you four hours can you finish.

Income and substitution effects: normal good, Income and Substitution Effec...

Income and Substitution Effects: Normal Good *  The Special Case--The Giffen Good - The income effect may be large enough theoretically to cause the demand c

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