(SYBA-PAPER-III) LPG and Indian Administrative System LPG and Indian Administrative System Under the forces of globalization-liberalization recent decades have seen a shift towards reduced role for the state and government in all countries. India could have not remained unaffected by these global trends. The nineties saw the replacement of ‘License‚ Quota‚ Permit (LPG) Raj’ by Liberalization‚ Privatization and Globalization (LPG) regime. One natural and inevitable consequence of planned development in India
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was high level of intervention by the government in the corporate sector * Low awareness‚ demand and consumption for soft drinks. The per capita consumption was only 3 per annum * Foreign brand name could not be used * There was no liberalization and this not even 1% FDI was allowed. * Sensitive political and social problems in the country like terrorism * Cola concentrate – the major ingredient to make Pepsi soft drink could not be imported * Agriculture sector was the priority
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Table of Contents References & List Of Figures 4 Introduction 5 Economic Neo-Liberalism 5-6 Democracy and Economic Development 6-7 Economic Inequality 7-8 Pros & Cons of Income Inequality 8-9 The Example of Latin America 9-10 Economic Liberalism in a Nutshell 10-11 Conclusion 11-12 Reference List 1) Almond‚ Gabriel A. and Sidney Verba. 1963. The Civic Culture: Political Attitudes and Democracy in Five Nations. Princeton: Princeton University -Press
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Ricardian gains from freer trade are clear‚ whether trade is good for growth in the medium term is less certain. In the case of trade‚ the increasing interest of exporters in opening up domestic markets has had a powerful impact on the trend to liberalization. Cross-national variations in market integration still endure‚ but these are more the product of basic economic characteristics (such as country size and level of development) than political factors (such as regime type or the left-right balance
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Chapter 32: The Cold War and Decolonization‚ 1945–1975 1 CHAPTER 32 The Cold War and Decolonization‚ 1945–1975 INSTRUCTIONAL OBJECTIVES After studying this chapter students should be able to: 1. Understand the causes of the Cold War and its political and environmental consequences for Europe‚ Asia‚ Africa‚ Latin America‚ and the two superpowers. 2. Understand the process of decolonization and illustrate the variations in that process by reference to concrete examples. 3. Understa
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youth with quality employment opportunities. As a fresh graduate myself the challenges of unemployment are but my very own personal problems. WHERE IS MY JOB? In the last two decades‚ India has seen the impact and the effect of the LPG (liberalization privatization and globalization) policy introduced by Rajiv Gandhi’s government in the early 90s. This change quickened the technological advancement and the gradual shift from the manufacturing to the service sector. Manual laborers became more
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CHAPTER VII SUMMARY AND CONCLUSION Even aHer 55 years of planned development‚ India has not succeeded to solving the basic problems of the Indian economy. The rate of poverty and unemploynnent is increasing even after we completed 9 five year plans. ’l ’hough government of India launched various poverty alleviation programmes they have not benefited properly the people who were targeted. As P.C. Maholonobis once stated as a "result of economic planning rich became richer and poor
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September 10‚ 2011 September 10‚ 2011 Report Report South East Asian Crisis South East Asian Crisis INTRODUCTION The South East Asian financial crisis was a period of financial crisis that gripped much of Asia beginning in July 1997‚ and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in Thailand with the financial collapse of the Thai Baht caused by the decision of the Thai government to float the Baht‚ cutting its peg to the USD‚ after
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affect cross-border transactions‚ resulting in increased interdependence among countries and their citizens.” In an attempt to explain it further‚ she also described the three key facets of globalization namely: trade‚ investment and financial liberalization. These have also been regarded by the World Commission on the Social Dimension of Globalization or WCSDG (as how it shall be labeled in this essay) as significant aspects in determining whether globalization has‚ indeed‚ been beneficial to all
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research finds that what is considered to be an advantage for a transition economy during “normal” times – high degree of economic freedom and trade liberalization‚ financial system sophistication‚ and a well-developed service sector – became a disadvantage during the crisis. Keywords Transition economies . Global financial crisis . Financial liberalization . Cross-regional comparison JEL F30 . G20 . O57 . F39 Introduction This paper presents the results of an analysis of 28 transition economies during
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