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

Economics of Developing Countries - move ExampleThis strategy aims to increase the domestic production and reduce the dependency on foreign imports. outward-bound looking strategy Outward looking strategies argon not just tie in to primary exports, unless lay more importance on the trade of employment opportunities and other strategies which increases the level of income in the country. championship expansion is to be used for scotch re worm and the generation of employment opportunities. b) Indias trade policies cause changed rapidly since independence. Before independence India made imports for even those products which could be manufactured in India. But subsequently independence there was a change in strategy and more emphasis is being displace on exports rather than imports. Today India has a strong trade policy and lays more emphasis on exports and follows the import substitute industrialization policy and restricts its imports. India now uses trade expansion as an ins trument for scotch growth and the generation of employment opportunities. It has been effective in improving Indias economy especially exploitation the uncouth economy. The overall trade policy is good for Tamil Nadu as Tamil Nadu has increased its agricultural income. c) Both India and china have been successful in increasing their exports and reducing their dependence on imports. chinaware 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. hesitation 6 The article Now we are seven billion states that Population growth has both arrogant and negative effects. Mr. Simon is of the opinion that prices would rise in real terms, when there is an increase in nation. The article states that as the world economy boomed the cosmos growth fell. According to the UNs population division the world population will 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 also 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 scotch 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 factor less poverty and each member of the family gets all the comforts of the life. Therefore this resu lts in better 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 coarse 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