Class 11 Economics - Indian Economic Development - Chapter Comparative Development Experiences of India and Its Neighbours NCERT Solutions | What are the various means by which coun
What are the various means by which countries are trying to strengthen their own domestic economies?
The following are the various means through which the nations are trying to strengthen their own domestic economies:
1. Nations are forming various regional and economic groupings like SAARC, European Union, G-8, G-20, ASEAN etc. in order to strengthen their economies. These groups provide a common platform to the member countries to raise their voice in a unified manner on common issues to safeguard their common interests.
2. Further, they are also interested in knowing the developmental process adopted by their neighbouring nations, so as to analyse their strengths and weaknesses. Accordingly, they formulate policies to accelerate social progress and cultural development among the member countries.
3. Moreover, nations also resort to liberalising their economies. This minimises the government interference in economic activities. The economy is governed by market forces, i.e. demand and supply forces.
4. Nations also resort to the process of globalisation to open up their economies to provide a wide international market to their domestic producers.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Comparative Development Experiences of India and Its Neighbours
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Compare and contrast the development of India, China and Pakistan with respect to some salient human development indicators.
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Define the liberty indicator. Give some examples of liberty indicators.
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Why are regional and economic groupings formed?
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Explain the Great Leap Forward campaign of China as initiated in 1958.
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Comment on the growth rate trends witnessed in China and India in the last two decades.
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Group the following features pertaining to the economies of India, China and Pakistan under three heads
• One-child norm
• Low fertility rate
• High degree of urbanisation
• Mixed economy
• Very high fertility rate
• Large population
• High density of population
• Growth due to manufacturing sector
• Growth due to service sector. - Q:-
Give reasons for the slow growth and re-emergence of poverty in Pakistan.
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What similar developmental strategies have India and Pakistan followed for their respective developmental paths?
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Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
(b) Maternal mortality rate is high in _____________. (China/Pakistan)
(c) Proportion of people below poverty line is more in __________. (India/Pakistan)
(d) Reforms in ______________ were introduced in 1978. (China/Pakistan) - Q:-
Compare and contrast India and China’s sectoral contribution towards GDP in 2003. What does it indicate?
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