Journal of Economic Literature‚ Vol. XXXIV (March 1996)‚ pp. 9–41 Rodrik: Understanding ofEconomic Policy Reform Journal Economic Literature‚ Vol. XXXIV (March 1996) Understanding Economic Policy Reform By DANI RODRIK Columbia University This paper has benefited from the comments of Herschel Grossman‚ Anne Krueger‚ Gustav Ranis‚ Jeffrey Sachs‚ John Williamson‚ and three referees. I. Introduction HIS GOVERNMENT will be austere‚ uncompromising‚ and unpopular if that is what is required to
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Coming to the issue of the impact of the new economic policy on the vulnerable sections‚ Rangarajan argues‚ "analytically‚ we need to address two sets of issues. One is whether the new economic policy affects in any way the specific policy measures that we normally undertake in order to improve the conditions of the poor. Second‚ is there anything in the new economic policy which per se has an anti- poor bias? The new economic policy which may be a convenient expression to refer to the measures
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Bill Clinton’s Economic Policy One of President Bill Clinton’s biggest accomplishments during his presidential term is his policy to stimulate the American economy. In 1993‚ Clinton and his vice president Gore released the economic strategy for their term. Most believed it wouldn’t do much to spur our economy but in 1997 positive outcomes began to surface as the national deficit began to shrink. (Schaller‚ Anderson‚ and Schulzinger 514) Clinton faced a high unemployment rate‚ record deficits‚ and
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How successful were the economic‚ social and political policies of the Tsar’s government from 1894-1914? In 1894‚ Nicholas II ascended to the throne following the death of his father‚ Alexander III. Woefully unprepared for such a role‚ Nicholas II has been characterized as a naive and incompetent leader. At a time of enormous social and political change in Russia‚ Nicholas held fast to the outdated‚ autocratic policies and opposed reform of any kind. His inept handling of the military matters and
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During 1980 and 90s‚ the major ideology and economic policy shifted from Conservatism to Centrism. Reagan’s government believed that “government is the problem‚ not solution”. Thus‚ they implement the “supply-side” program which reduced welfares and government interference in business‚ and lowered tax rate on wealthy. President Clinton merged free market policy and appropriate government intervention by raised tax rate on rich people and reformed welfare (ex: children health care) and eligibility
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City University of Hong Kong Department of Economics and Finance Semester B 2013–2014 EF2401 Economics II Instructor: Dr. KUNIEDA‚ Takuma Office: P7318‚ Academic Building‚ Level 7‚ Lift 6 Phone: 3442-7960 Email: tkunieda@cityu.edu.hk Office Hours: To be announced 1 Objectives and Outcomes 1.1 Objectives The main objective of this course is to introduce students to the basic principles of macroeconomics. Students will learn to apply macroeconomic analysis to the business world and other
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PAPER SERIES PUBLIC POLICY AND ECONOMIC GROWTH; OEVELOPING NEOCLASSICAL IMPLICATIONS Robert G. King Sergio Rebelo Working Paper No. 3338 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Masaarhusetts Avenue Cambridge‚ MA 02138 April 1990 This paper is part of NBER’s research program in Growth. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research. NBER Working Paper #3335 April 1990 PUBLIC POLICY AND ECONOMIC GROWTH: DEVELOPING NEOCLASSICAL
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?Economics is a social science that mainly focuses on different fields of knowledge dealing with the proper distribution‚ allotment‚ production and consumption of resources. Economics has been divided into two significant branches; one of it being the microeconomics and the other one being the macroeconomics. Microeconomics can be easily understood through the term micro itself which means small‚ microeconomics focuses on small level that is to say it includes areas of individual decision making
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Inflation and Government Economic Policies ECO201 Macroeconomics Argosy University Online Inflation is described as the process by which prices are continuously rising or the value of money continuously decreases (Consumer Price Index Frequently Asked Questions‚ 2013). As the definition explains‚ this is not something that would be desirable for the government or its citizens. For example‚ Germany during the 1920’s experienced a period of hyperinflation. Germans literally had
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"Education is the best economic policy there is". (Tony Blair) Economic policy is defined as “a government policy for maintaining economic growth and tax revenues". (The free dictionary) Economic policy is the actions taken by the government in the economic field. They make decisions on the tax rate‚ how much to spend‚ how much to import and export. Supply-side economics thinks that economic growth can be most effectively created by lowering barriers for people to produce goods and services as well
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