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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 has been minimal, if any. There is need to reorganise these organisations in such a way that they become aeffective as similar agencies in Japan and South Korea.
Strategy to Fight NTBs:
India should adopt a four-pronged strategy tomeet the joint challenge of a United Europe and opening up of EasEurope. The strategy should consist of four elements: (a) restructuringof the corporate sector; (b) better quality products; (c) revaluation oGeneral System of Preferences (GSP); and (d) linkages in industriaproducts. The corporate sector should identify products which have market in EU. Simultaneously, the high cost of Indian goods should bbrought down by raising productivity and upgradation of technology. A related aspect is that India must develop a policy to fight NTBs. Apossible way will be to utilise some kind of an instrument like Specia301 used by the US against countries which restrict Indian goods. Whilit may be difficult to have as strong a weapon as Special or Super 301India can work out some such instruments to be used against unfair tradpartners. Likewise, strategies will also have to be developed to improvIndia's stand at WTO on issues pertaining to countries imposing NTBs.
#suppose EEPCO is amultiplant monopolist with two plants: Gibe plant and Fincha plant. The operating costs of the two plants are: Gibe plant Tc1=10Q^2 and Fincha plant TC2=20Q^2.
average-marginal relationship
JOINT DEMAND AND COMPETITIVE
Liberalisation of the Economy: Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic
Special Drawing Rights: SDRs are entitlement granted to member countries enabling them to draw from the IMF apart from their quota. It is similar to a bank granting a credit l
effect of tariffs on national income and employment
Exit Strategy The exit strategy denotes that which investors in an organizations realize all or elements of their investment, regardless of the organizations success.
Let Consider the following insurance market. There are two states of the world, B and G , and two types of consumers, H and L, who have probabilities p H =0.5 and p L
Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl
How does the approach of someone who has adopted the precautionary principle differ from someone with a blind faith in substitutability, when it comes to a non-renewable resource l
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