Economics of Developing Countries Essay Example | Topics and Well Written Essays - 1000 words

Economics of Developing Countries - Essay ExampleThis strategy aims to increase the domestic production and reduce the dependency on conflicting imports. Outward looking strategy Outward looking strategies atomic number 18 not just related to primary merchandises, but lay more importance on the employment of employment opportunities and other strategies which increases the level of income in the country. Trade expansion is to be used for scotch growth and the generation of employment opportunities. b) Indias trade policies have repositiond rapidly since independence. Before independence India made imports for even those products which could be manufactured in India. But after independence in that respect was a change in strategy and more fury is being laid on exports rather than imports. Today India has a strong trade form _or_ system of government and lays more emphasis on exports and follows the import substitute industrialization policy and restricts its imports. India no w uses trade expansion as an instrument for economic growth and the generation of employment opportunities. It has been sound in improving Indias economy especially developing the agricultural economy. The overall trade policy is good for Tamil Nadu as Tamil Nadu has increase its agricultural income. c) Both India and china have been successful in increasing their exports and reducing their dependence on imports. China has laid emphasis on the export of manufactured products, while India has laid much emphasis on the export of services. Indias exports are of capital and skill intensive products, while chinas exports are labor intensive goods. Both the countries have reduced their imports by the Import substitute industrialization strategy. chief 6 The name Now we are seven million states that Population growth has both positive and negative effects. Mr. Simon is of the opinion that prices would rise in real terms, when there is an increase in population. The article states that a s the world economy boomed the population growth fell. According to the UNs population division the world population entrust reach 7 billion as on 31st October 2011. According to Mr. Simon, the worlds rising population was not a problem since an increase in population is to a fault related to an increased demand for investment. The author provides the example of China, where fertility is less and one child is the policy in the nation. The author states that chinas policy is a violation of rights. Encouraging smaller families is good for economic growth as it reduces the poverty in the country, but there are large families too. Although there is a basic view that rising population creates scarcity of resources, yet population is important for the economic growth of the country. The argument presented is that smaller families create economic growth. Smaller families create economic growth because smaller families means less poverty and each member of the family gets all the comforts of the life. Therefore this results in wear economic growth of the country. The argument presented against is that when the population decreases then it reduces the growth of the economy, which again hampers the economic growth of the country. Thus population has both positive and negative effects. Question V DEEP in the South Atlantic, a huge business operation is under system that Brazils leaders say will turn their state into an oil power by the end of this decade. If the ambitious plans of the national oil