INTRODUCTION Though economic liberalization in India can be traced back to the late 1970s‚ economic reforms began in earnest only in July 1991. The reforms initiated by former Prime Minister Narasimha Rao and former Finance Minister Dr. Manmohan Singh in July 1991 represent a watershed in India’s economic development strategy and policies since independence. A balance of payments crisis at the time opened the way for an International Monetary Fund (IMF) program that led to the adoption of a major
Premium Investment Economic growth Macroeconomics
DOES CORRUPTION HAS NEGATIVE EFFECT ECONOMIC GROWTH? HOW GOVERNMENT CAN CONTROL CORRUPT BEHAVIOR? Most developing as well as developed countries are facing the problem of corruption‚ which is becoming one of the biggest concerns of all countries because it is an impediment to economical sustainable development. Corruption may be defined as the misuse of public resources by public officials for private benefit by different forms such as favors‚ tax evasion‚ bribes and payment in kind (Bai‚ Jayachandran
Premium Economic growth Investment Gross domestic product
Entrepreneurship and Economic Development A Commentary on Entrepreneurship and Economic Development (ed. Wim Naudé) Robert J. Strom Interest in the study of entrepreneurship has flourished among scholars in recent years. This research has brought to light‚ among other things‚ the important role of entrepreneurship and innovation in economic growth. We know that innovative entrepreneurs—those who bring new products and processes to the market—are disproportionately responsible for the breakthrough
Premium Economics Developing country Developed country
Economic Crisis in Nigeria. NIGERIA. (google)The evolution of Nigeria was from about 1849 until it attained independence in 1960. During this period a lot of events occurred‚ and is largely the story of the great impact of the British on the Nigerian people. The colonial authorities (British) sought to define‚ protect and realize their imperial interest in the portion of West Africa because of its endowment with natural resources‚ apparently this occurred about hundred years ago. The British was
Premium Economic growth Economics Gross domestic product
Abstract This study examines the relationship between human capital development efforts of the Government and economic growth in Nigeria. It seeks to find out the impact of government recurrent and capital expenditures on education and health in Nigeria and their effect on economic growth. The data used for the study are from secondary sources while the augmented Solow model was also adopted. The dependent variable in the model is the level of real output while the explanatory variables are
Premium Economics Economic growth Capital
Course Project Report of HS 700 – Applied Economics Spring 2006 The economic dominance of the US is already over. What is emerging is a world economy. India is becoming a powerhouse very fast. Peter Drucker‚ Management Guru‚ In Fortune The dynamism shown by India in the last 15 years is phenomenal. Paul Wolfowitz‚ President‚ World Bank There is huge amount of optimism about India...the country is well positioned to accelerate from its present 6.5% growth to around 8% in the near future. Montek
Premium Economic growth Stock market Economics
ICRA RATING FEATURE TWO-WHEELER INDUSTRY: GROWTH DRIVERS INTACT Contacts Anjan Ghosh aghosh@icraindia.com (+91-22-30470006) Subrata Ray subrata@icraindia.com (+91-22-30470027) Jitin Makkar jitinm@icraindia.com (+91-124-4545368) Overview The Indian two-wheeler (2W) industry has shown a strong volume growth over the last two-years‚ having grown by 25% in 2009-10 and 27% in 2010-111 to reach 13.3 million units. This strong double-digit growth has been driven by multiple factors. One reason
Premium Income Honda Household income in the United States
ECONOMIC REFORMS IN PAKISTAN There is a widely shared consensus about the nature of reforms that Pakistan should embark upon. This consists of two components – stabilization and long term structural reforms. Under the first component the economy has to be stabilized with the help of fiscal consolidation‚ widening of tax net and mobilization of domestic resources‚ cutting down the losses of state owned corporations‚ curtailing wasteful development expenditure and assigning priority to removing supply-side
Premium Economics Economic growth
Individual Coursework International Economics Compiled By: Ankit Malhotra BBA III 110085 TOPIC: Should governments seek to protect “strategic industries”? Introduction Strategic Industry is an industry an industry that a country considers very important for its economic development‚ growth‚ safety and stability. It also contributes a major share to the GDP and employment rate of its country. The characteristics of as strategic industry are that it has
Premium Economic growth Economics Nation
Why has BMW planned to build its second factory in Shenyang‚ China? Introduction This case study will investigate the car manufacturer BMW and its recent plans to increase production in the Chinese market. BMW is a Transnational Corporation which can be defined as ‘a firm that has the power to coordinate and control operations in more than one country’ (Dicken‚ 2011‚ p.110). The automotive industry for years has been very static‚ but the automotive power is now shifting. Over the past decade
Premium Economics Economic growth Automotive industry