Growth and Development Planning in India

2021 ◽  
Author(s):  
K. L. Datta
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Development Strategy ◽  
Growth And Development ◽  
Poverty Reduction ◽  
Development Planning ◽  
Reform Process ◽  
The People ◽  
Standards Of Living ◽  
The Impact

The central theme of this book is to appraise the role of planning to maximize the rate of economic growth, and improve the standards of living and quality of life of the people in India since Independence. The book addresses four core areas. First, it delves into the circumstances which led to the adoption of planning and presents a comprehensive analysis of the economic scenario that unfolded in the six decades between 1951 and 2011, documenting shifts in growth and development strategy. Second, it explores the rate and pattern of economic growth, and traces reasons behind the shortfall in growth rate from the target. Third, the book contextualizes the backdrop against which economic reform measures were introduced to understand how different areas and sectors of the economy were integrated with the reform process. Fourth, it analyses the transition from growth measures pursued until the 1970s, to a mix of growth and redistribution from the 1980s, and then to inclusive growth in the 2000s, and finds out how income, especially of the poor and marginalized sections of the population increased. It makes an assessment of the level and change in poverty over time, and the impact of economic growth on poverty reduction. These four thematic areas of the book are essential to understand the process of economic growth and its impact on the lives of the people in India's rapidly changing socio-economic environment. Finally, it assesses the economic scenario in the 2010s, when planning was abandoned, and pinpoints the reasons behind dipping growth rate, and suggests measures for its revival.

scholarly journals The Impact of Population, Labor, Unemployment, and Poverty on Economic Growth Regencies/Municipality in Sulawesi Tengah Province

2020 ◽  
Vol 18 (1) ◽  
pp. 62
Author(s):  
Muhammad Syahrul Mubarak ◽  
Nugroho SBM
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regression Model ◽  
Poverty Reduction ◽  
Education Level ◽  
Good Education ◽  
The People ◽  
High Population Growth ◽  
Industrial Productivity ◽  
The Impact

High population growth could be a serious barrier to regional economic development. In general, if productivity in each sector of the economy is very low, there will be a high unemployment level in that society. The purpose of this study is to analyze the partial and simultaneous influences of population, labor, unemployment, and poverty on economic growth. The type of data used is panel statistic data from 11 regencies and municipality in Sulawesi Tengah province of Indonesia during the 2011-2019 period with 99 observations. The regression model with fixed effect approach was used to analyze the data panel. The results reveal that labor and unemployment do not significantly affect economic growth, whereas population and poverty significantly affect economic growth in positive and negative ways, respectively. The partial results of the test imply that the increase in population must be coherently supported by the specialization of the workforce through an increase in the length of school each individual. These implications can be realized through the construction of educational infrastructure. Poverty reduction can be implemented through the improvement of the education level of the people. It is expected that good education will generate more new experts to increase industrial productivity, which in turn will increase the output

Economic Reform and Inclusive Growth

2021 ◽  
pp. 206-253
Author(s):  
K. L. Datta
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Reform ◽  
Paradigm Shift ◽  
Market Mechanism ◽  
Decision Makers ◽  
Reform Process ◽  
Inclusive Growth ◽  
The Government ◽  
The Impact

This chapter discusses the backdrop against which economic reform measures were initiated in 1991, marking a paradigm shift in the approach to planning from that pursued in the previous four decades, 1951–90. It dwells on how market mechanism replaced different agents of the government as dominant decision-makers, and the manner in which different areas and sectors of the economy were integrated with the reform process. It analyses the features of growth in the two decades of reform, 1991–2011, identifies factors that drive the growth rate to a higher trajectory, and evaluates the impact of reform measures on the rate and pattern of growth and equity. Taking note of the concern about social problems arising from market mechanism, it makes an assessment of the measures taken by the government to strengthen income redistributive programmes, so as to ensure that economic growth becomes inclusive.

Remittances, Economic Growth and Poverty: A Case of African OIC Member Countries

2018 ◽  
Vol 57 (2) ◽  
pp. 121-143
Author(s):  
Nasim Shah Shirazi ◽  
Sajid Amin Javed ◽  
Dawood Ashraf
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Poverty Reduction ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Annual Data ◽  
Simultaneous Equation Model ◽  
African Countries ◽  
Alternative Source ◽  
The Impact

This paper investigates the impact of remittance inflows on economic growth and poverty reduction for seven African countries using annual data from 1992-2010. By using the depth of hunger as a proxy for poverty in a Simultaneous Equation Model (SEM), we find that remittances have statistically significant growth enhancing and poverty reducing impact. Drawing on our estimates, we conclude that financial development level significantly increases the remittances inflows and strengthens poverty alleviating impact of remittances. Results of our study further show a signficant interactive imapct of remittances and finacial develpment on economic growth, suggesting the substitutability between remittance inflows and financial development. We further find that 3 percentage point increase in credit provision to the private sector (financial development) can help eliminate the severe depth of hunger in the region. Remittances, serving an alternative source of private credit, can be effective in this regard. Keywords: Remittance Inflow, Poverty Alleviation, Financial Development, Simultaneous Equation Model

The Role of Education and Technology Adaptation in Poverty Reduction in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 124-127
Author(s):  
Novi Firmawati ◽  
◽  
Budi Sasongko
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Moving Average ◽  
Negative Relationship ◽  
Secondary Data ◽  
Technological Adaptation ◽  
Education Investment ◽  
The People

This study examines the role of education in improving technology adoption as reflected in technology inclusion, poverty alleviation and efforts to increase community income which is reflected in economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We found that education investment and technology inclusion were positively related to economic growth. And,negatively related to probability. This indicates that education plays a role in encouraging technological inclusion which reflects technological adaptation and encourages economic growth which is an indicator of the prosperity of the people in Indonesia which is strengthened by a negative relationship with poverty which indicates that education plays an important role in poverty alleviation

Biotechnology Law in The Socialist Republic of Vietnam

2005 ◽  
Vol 2 (3) ◽  
Author(s):  
Sarah E. Hilmer
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
National Economy ◽  
Agricultural Production ◽  
Economic Liberalization ◽  
Structural Reforms ◽  
Socialist Republic ◽  
Communist State ◽  
Science Technology ◽  
The People

IntroductionThe communist state of Vietnam with its currently 64 provinces (tinh) and 5 municipalities (thu do), experienced little economic growth over the last two decades. This was a result of the more conservative leadership policies in the country. However, since 2001 Vietnamese authorities have committed to economic liberalization, whereby structural reforms were enacted, as well as the economy was modernized and the country produced more competitive, export-driven industries.With a population of approximately 82,689,518, over 70 % of the people are involved in agricultural production, such as paddy rice, corn, potatoes, rubber, soybeans, coffee, tea, bananas, sugar; pigs, and fish. Other active development of the country, besides agriculture, is considered to be industry with its imports and exports. The growth rate of the national economy is estimated of 7.2 % on average, and investments for science, technology and environmental protection can be seen as the major reasons of economic growth.

scholarly journals IMPACT OF THE STATE SOCIAL POLICY ON THE ECONOMIC GROWTH RATE

2010 ◽  
pp. 56-59
Author(s):  
A. N. Ryahovskaya
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Social Policy ◽  
Economic Crisis ◽  
The State ◽  
Special Significance ◽  
Economic Growth Rate ◽  
The People ◽  
The Social ◽  
Scientific Justification

As a result of the global financial and economic crisis, social problems have sharpened significantly. They affect the interest of the most population of the country. The efficiency of anti-recessionary measures and their productivity in the social field are analyzed in the article. According to the adjusted estimates of the RF Government, decrease in actual income of the people will continue and only by the end of 2012 a growth by only 3% to 2008 level is projected. The degree of elaboration and scientific justification of the state turnaround policy are getting special significance.

scholarly journals Introduction

2020 ◽  
pp. 1-13
Author(s):  
John Rand ◽  
Finn Tarp
Keyword(s):  
Development Strategy ◽  
Urban Areas ◽  
Poverty Reduction ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Labour Force ◽  
Reform Process ◽  
Middle Income ◽  
State Sector ◽  
Doi Moi

Small and medium enterprises (SMEs) have been at the core of Vietnam’s strategy for inclusive growth and economic transformation. Vietnam has experienced unprecedented growth and poverty reduction, turning the country into a middle-income economy relatively quickly. Most growth came from structural change with labour force movement to the manufacturing sector. This change has largely happened without worrying trends as regards income inequality, especially within urban areas. SMEs have been key for this transition following the Doi Moi reform process. Vietnam adopted a dual-track approach allowing private firms to expand alongside the state sector as long as they fulfilled their quotas at state-given prices. Also important for the development of a thriving SME sector has been reform design and willingness to experiment. These initiatives included state-owned enterprise (SOE) reform, foreign direct investment, industrial zone policies, and business-related administrative initiatives, with significant state influence remaining a core feature of the development strategy.

scholarly journals Pro-poor Growth: Concepts and Measurement with Country Case Studies (Distinguished Lecture)

2003 ◽  
Vol 42 (4I) ◽  
pp. 417-444 ◽  
Author(s):  
Nanak Kakwani ◽  
Hyun H. Son
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Poverty Reduction ◽  
Poor Growth ◽  
The Poor ◽  
Actual Growth Rate ◽  
Actual Growth ◽  
The Republic ◽  
Increasing Function ◽  
Proportional Reduction

This paper looks into the interrelation between economic growth, inequality, and poverty. Using the notion of pro-poor growth, we examine the extent to which the poor benefit from economic growth. First, various approaches to defining and measuring propoor growth are scrutinised using a variety of criteria. It is argued that the satisfaction of a monotonicity axiom is a key criterion for measuring pro-poor growth. The monotonicity axiom sets out a condition that the proportional reduction in poverty is a monotonically increasing function of the pro-poor growth measure. The paper proposes a pro-poor growth measure that satisfies the monotonicity criterion. This measure is called a ‘poverty equivalent growth rate’, which takes into account both the magnitude of growth and how the benefits of growth are distributed to the poor and the non-poor. As the new measure satisfies the criterion of monotonicity, it is indicative that to achieve rapid poverty reduction, the poverty equivalent growth rate—rather than the actual growth rate—ought to be maximised. The methodology developed in the paper is then applied to three Asian countries, namely, the Republic of Korea, Thailand, and Vietnam.

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