Economic Reforms Liberalization And Structural Change
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Economic Reforms Liberalization And Structural Change
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Author : Ram Rattan Sharma
language : en
Publisher: Gyan Books
Release Date : 1997
Economic Reforms Liberalization And Structural Change written by Ram Rattan Sharma and has been published by Gyan Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Today most of the countries have opened their borders for trade. The process of liberalization that began a couple of years back has yielded tangible results and there are now better opportunities for new markets. How this process has completely changed the economic structure of both the countries, i.e., India and Hungary. The scholars of both these countries have shared their fruitful experiences with us.
Liberalisation And Globalisation Of Indian Economy
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Author : Ed. K.R. Gupta
language : en
Publisher: Atlantic Publishers & Dist
Release Date : 2005
Liberalisation And Globalisation Of Indian Economy written by Ed. K.R. Gupta and has been published by Atlantic Publishers & Dist this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
In India, The Move Towards Globalisation And Free Trade Coincided With The Process Of Structural Reforms And Economic Liberalisation That Began In July 1991. Since Then The Country Has Seen A Significant Integration Of Markets In Commodity, Services, Finance And Technology With Other Countries. Right At The Outset Of Globalisation, Some Persons In India Like Those In Other Developing Countries Were Against This New Trend, Perceiving It As Elite-Driven And Incapable Of Bringing Qualitative Change In Peoples Lives. Fear Of Lagging Behind In The Race With The Advanced Countries, Which Would Ultimately Capture A Lion S Share In The Global Market, Had Further Led Some People To Oppose Globalisation.But The Present Scenario Is Altogether Different. India S Apprehensions About Globalisation Have Been Removed To Some Extent. Economic Liberalisation Has Paved Way For Rapid Technological Progress For India While Globalisation Has Given Its Young Talent Vast Employment Opportunities In America And Europe. Today, India Has Become A Big Market For Multinational Giants. There Is Hardly A Big-Name Company That Is Not Outsourcing To India. India Has Developed Several Hubs Of Information Technology-Enabled Services, Business Process Outsourcing, Research & Development, Pharmaceuticals And Telecommunication. On The Contrary, The Advanced Countries Like The United States Are Now Fearing Globalisation Because They Are Losing Jobs In The International Corporate World To Indian Technical Experts. Globalisation And Liberalisation Have Brought New Opportunities In Our Country In Trade, Business, Services And Employment. The Atmosphere Is Vibrant. The Younger Generation Is Educated, Talented And Ambitious. The Opening Of International Markets Has Led To Earnest Endeavours To Improve Product Quality To Secure Marketing. Internationalisation And Privatisation Of Education Has Led To Updating Of Curriculum And Bring Technical Manpower That Would Implement The Latest Technology In Manufacturing And Servicing. The Globalisation Should Be Made An Instrument Of Rapid Economic Development In A Way That Its Benefits Reach All Regions Of The Country And All Sections Of Society.The Volume Has Wide Coverage Including In Its Spectrum The Structural Changes In The Indian Economy. Contributors To This Volume Have Not Only Recognised The Reality Of Globalisation As A Process Of Change But Have Also Comprehensively Dealt With The Major Issues And Concerns For India In The Context Of Globalisation. The Papers Closely Examine Important Implications And Impact Of Liberalisation And Globalisation Measures Taken By The Government In Recent Years.It Is Hoped That The Book Would Be Found Useful By The Researchers And Students Of Economics, Businessmen, Government Executives, Parliamentarians And Legislators, Concerned With The Formulation And Execution Of Economic Policies, And The General Readers Interested In Knowing The Changes That Are Taking Place In Our Economy.
Structural Reforms And Economic Performance In Advanced And Developing Countries
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Author : Mr.Jonathan David Ostry
language : en
Publisher: International Monetary Fund
Release Date : 2009-10-15
Structural Reforms And Economic Performance In Advanced And Developing Countries written by Mr.Jonathan David Ostry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-15 with Business & Economics categories.
This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Structural Reforms Productivity And Technological Change In Latin America
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Author : Jorge M. Katz
language : en
Publisher: United Nations Publications
Release Date : 2001
Structural Reforms Productivity And Technological Change In Latin America written by Jorge M. Katz and has been published by United Nations Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
Structural Reforms And Labor Reallocation A Cross Country Analysis
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Author : Khalid ElFayoumi
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-19
Structural Reforms And Labor Reallocation A Cross Country Analysis written by Khalid ElFayoumi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-19 with Business & Economics categories.
Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss in aggregate labor productivity. Using cross-country sector-level data, we use a dynamic panel error correction model to compute the speed of sectoral labor adjustment, as well as the contribution of structural reforms in governance, labor and product markets, trade and openness, and the financial sector to lowering the costs of labor reallocation. We find that, on average, sectoral employment shares converge towards equilibrium allocations, closing about 13.7 percent of labor productivity gaps each year; this speed of labor adjustment varies across sectors and income groups. On structural reforms, we find a significant association between more efficient labor reallocation and financial market liberalization, less bureaucracy, strong judicial and regulatory environment, trade liberalization, better education and more flexible labor and product markets.
Liberalisation And Globalisation Of Indian Economy
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Author : Kulwant Rai Gupta
language : en
Publisher: Atlantic Publishers & Dist
Release Date : 1995
Liberalisation And Globalisation Of Indian Economy written by Kulwant Rai Gupta and has been published by Atlantic Publishers & Dist this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Economic development categories.
Six Years Have Passed Since The Fast Process Of Liberalisation And Globalisation Was Started In India In July 1991. The Book Examines The Achievements And Failures Of The Process Of Economic Reforms During This Period. It Makes Useful Suggestions To Make The Economic Reforms More Successful And Human. The Role Which The State Has To Play In Accelerating The Process Of Economic Development And In Lessening Social Tensions Involved In Rapid Economic Reforms Has Been Clearly Laid Down In Detail.The Book Studies The Experience Of Economic Reforms In Other Countries And The Lessons Which India Can Draw From That. It Also Examines The Role Which Multinationals Can Play In The Economic Development Of The Country.The Book Analyses The Impact Of Economic Reforms On The Agricultural Economy And The Cottage And Small Scale Sector. It Emphasises The Need For Greater Attention To These Sectors On Which Depends The Well Being Of An Overwhelming Portion Of The Population.A Host Of Issues Concerning The Process Of Liberalisation And Globalisation Have Been Examined By Fortyseven Economists Spread Over The Entire Country.The First Volume Was Published In 1995 And The Response Of Readers Was So Heavy That It Had To Be Reprinted Again. The Encouraging Response To The First Volume Has Led To The Publication Of The Second Volume.
Structural Reforms In Industry Banking And Finance
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Author : C. Rangarajan
language : en
Publisher: Institute of Southeast Asian Studies
Release Date : 2000
Structural Reforms In Industry Banking And Finance written by C. Rangarajan and has been published by Institute of Southeast Asian Studies this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
The year 1991 marked an important watershed in the economic history of post-Independent India. The country went through a severe economic crisis triggered by a serious balance of payments situation. The crisis was converted into an opportunity to introduce some fundamental changes in the content and approach to economic policy. The purpose of this book is to detail the structural reform process undertaken by India and to evaluate its results. In the post-liberalization period, the country has moved to a higher growth path. Objective conditions exist for the economy to grow at a sustained rate of seven per cent. The slow growth in agriculture and the consequent impact of a slower decline in poverty reduction are areas of concern.
The Politics Of Economic Liberalization In Indonesia
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Author : Andrew Rosser
language : en
Publisher: Routledge
Release Date : 2013-07-04
The Politics Of Economic Liberalization In Indonesia written by Andrew Rosser and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-04 with Social Science categories.
This book examines the dynamics shaping the economic process of economic liberalisation in Indonesia since the mid-1980's. Much writing on the process of economic liberalisation in developing countries views economic liberalisation as the victory of economic rationality over political and social interests. In contrast, this book argues that economic liberalisation should not be understood in these terms, but rather in the way that political social interests shape processes of economic reform in both a positive and negative sense. Specifically, Rosser argues that economic liberalisation needs to be understood in terms of the extent to which economic crises shift the balance of power and influence within society away from coalitions opposed to reform and towards those in favour of reform. In the Indonesian context, the main coalitions that need to be examined in this respect are the politico-bureaucrats and the conglomerates who have generally opposed reform and mobile capitalists who have generally supported reform. Based on extensive original research, and providing much new material, the book considers the politics of economic policy-making in Indonesia in a range of sectors including the capital market, intellectual property law, the banking industry, and the trade and investment sectors. Analysing why the nature of economic policy in Indonesia has varied over time, this study argues that there is nothing inevitable about a transition to a fully-fledged liberal market order in Indonesia, and outlines possible future scenarios for the country's political economy.
Structural Reform In Germany
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Author : Mr.Tom Krebs
language : en
Publisher: International Monetary Fund
Release Date : 2016-04-25
Structural Reform In Germany written by Mr.Tom Krebs and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-25 with Business & Economics categories.
This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector. The analysis is based on a macroeconomic model with physical capital, human capital, job search, and household heterogeneity. All three reforms have positive short-run and long-run effects on employment, wages, and output. The quantitative effects of the deregulation reform are relatively small due to the smal size of professional services in Germany. Policy reforms i) and ii) have substantial macroeconomic effects and positive distributional consequences. Ten years after implementation, reforms i) and ii) taken together increase employment by 1.6 percent, potential output by 1.5 percent, real hourly pre-tax wages in the low-wage sector by 3 percent, and real hourly pre-tax wages of women with children by 2.7 percent. The two reforms create fiscal deficits in the short run, but they also generate substantial fiscal surpluses in the long-run. They are fiscally efficient in the sense that the present value of short-term fiscal deficits and long-term surpluses is positive for any interest (discount) rate less than 9 percent.
Structural Reforms And Productivity Growth In Emerging Market And Developing Economies
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Author : Ms.Era Dabla-Norris
language : en
Publisher: International Monetary Fund
Release Date : 2016-02-09
Structural Reforms And Productivity Growth In Emerging Market And Developing Economies written by Ms.Era Dabla-Norris and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-09 with Business & Economics categories.
This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some emerging market and developing economies (EMDEs) than others. Recognizing the possibility of time lags between reform implementation and reform payoffs, the paper also examines how productivity gains from various reforms evolve over the the short- and medium-term.