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.
Compare and contrast the development of India, China and Pakistan with respect to some salient human development indicators.
Define the liberty indicator. Give some examples of liberty indicators.
Why are regional and economic groupings formed?
Comment on the growth rate trends witnessed in China and India in the last two decades.
Explain the Great Leap Forward campaign of China as initiated in 1958.
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.
Give reasons for the slow growth and re-emergence of poverty in Pakistan.
What similar developmental strategies have India and Pakistan followed for their respective developmental paths?
Mention the salient demographic indicators of China, Pakistan and India.
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)
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What are the two major sources of human capital in a country?
What do you mean by rural development? Bring out the key issues in rural development.
Define a plan?
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
What is the significance of ‘energy’? Differentiate between commercial and non-commercial sources of energy.
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
Why did RBI have to change its role from controller to facilitator of financial sector in India?
How is human development a broader term as compared to human capital?
Give two instances of
(a) Overuse of environmental resources
(b) Misuse of environmental resources.
What objectives did the British intend to achieve through their policies of infrastructure development in India?
Why are less women found in regular salaried employment?
An establishment with four hired workers is known as (formal/informal) sector establishment.
Explain the role of non-farm employment in promoting rural diversification.
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.