Indian Economy and Issues-Effects of Liberalization on the Economy [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 1 - 7 of 9

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Question 1

Effects of Liberalization on the Economy
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Essay▾

Explain the functions of the European free trade association.

Explanation

On 3rd May 1960 the European free trade association was established.

  • It is signed the vaduz convention in June 2001 to liberalise the trade relations among EFTA countries.
  • It is the responsibility of them EFTA to oversee the operation of free trade area among the member Nations.
  • it՚s a main functions are as following:
    • It formed European economic area (…

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Question 2

Effects of Liberalization on the Economy
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Appeared in Year: 2017

Describe in Detail

Essay▾

Account for the failure of manufacturing sector in achieving the goal of labour intensive exports rather than the capital intensive exports. Suggest measures for more labour intensive rather than capital intensive exports.

Explanation

  • Our development model is itself capital intensive rather than labour intensive. After globalization many foreigners are coming up and investing amount in the country.
The Development Model
  • Our exports driven by capital intensive industry not by labour intensive industry.
  • The main possible reasons our competitiveness of labour, wages, labour loss, infr…

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Question 3

Effects of Liberalization on the Economy
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Appeared in Year: 2015

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Essay▾

What are the social and economic consequences of abolishing child labour in India?

Explanation

India is facing the challenges in child labour. A large number of children have to work as child labourers in industries, hotels, shops etc. ,

  • Laws have been made to abolish child labour from India.
  • Various schemes and programmes have been formulated to abolish child labour.
  • India will have to face some consequences in social economic field, if the ch…

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Question 4

Effects of Liberalization on the Economy
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Foreign direct investment (FDI) in the defence sector is now set to be liberalized. What influence this expected to have an Indian defence and economy in the short and long run.

Explanation

The Sluggish Fdi in Defence

The liberalisation of FDI in the defence sector have following impacts on Indian defence and economy.

  • It brings much needed capital for the sector by attracting investment from foreign countries.
  • It will bring critical technologies, skills which India՚s private and public sector industries lack.
  • For this FDI should be more t…

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Question 5

Effects of Liberalization on the Economy
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What are the factors that contributed to faster pace of poverty reduction in India in the last two decades discuss.

Explanation

In India largest people living in extreme poverty. Defined as an income below $ 1.90 per person per day will also be drop sharply.

  • The aim should be to quickly enhance the living standard of large number who remains economically vulnerable.
  • Policy makers need to heed lessons from domestic as well as global experience. Poverty has declined since the 1…

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Question 6

Effects of Liberalization on the Economy
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How do companies evade taxes through offshore companies set up in so called tax havens? In the light of ‘Paradise Papers’ , discuss critically. (250 Words)

Explanation

Introduction:

A trove of 13.4 million corporate records, primarily from Bermuda firm Appleby, as well as from Singapore-based Asia Citi Trust and corporate registries maintained by governments in 19 secrecy jurisdictions, often referred to as “tax paradises” has once again highlighted the issues of tax heavens and taxes evasion by off shore companie…

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Question 7

Effects of Liberalization on the Economy
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Essay▾

Do you think philanthropy can effectively solve public problems? Discuss with a note on the Co-Impact initiative. (250 Words)

Explanation

Introduction:

  • The new Co-Impact initiative launched is meant to target precisely that kind of change. It is born out of the Giving Pledge — Bill Gates and Warren Buffett՚s 2010 pact which around 170 billionaires have now signed on to, promising to give at least half their fortunes to charity.
  • Co-Impact is aimed at providing the expertise and linkages…

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