Economics

INDIAN ECONOMIC PLANNING FIRST DRAFT may 6, 1963 by MILTON FRIEDMAN It is now well over a tenner since India embarked on a policy of planed economic development. The U.S. giving medication has strongly supported this policy, contributing a total of $4 zillion in foreign aid through 1962. We receive justifiedly regarded India as a key country in the fence for the uncommitted nations of the world, as the major counterforce to the influence being exerted in the Far East by China. We have similarly rightly regarded the incredible poverty of millions as a take exception to the secular humanism of the West. Unfortunately, Indian economic policy has non been producing the results that they and we hoped for and I do not believe it can do so. That was my tentative polish just about eight long time ago after a two months visit to India. It has been greatly strengthened by observations during a recent two months visit, and curiously by a simile of the situation then and now. On the positive side, there atomic number 18 make signs of approach since my earlier visit. The roads in the countryside ar notably better, there argon many more(prenominal) bicycles and automobiles in twain city and country, beggars, though still numerous, seem moderately slight ubiquitous.

There argon any refreshful buildings, rough striking, and more and better hotels; new industrial plants and few chop-chop expanding centers of shrimpy industry; there are new Universities and unvarnished signs of the expansions of overaged Universities. Much of this and more is to the good. But unfortunately, the progress appears spot ty, and some of the appearance of progress ! is misleading. Many of the most impressive new structures are signs not of progress but of waste, for example, factories producing items at for higher(prenominal) cost than that at which they can be purchased abroad. Most substantial of all, there is circumstantial that is evident to the naked eye in the way of improvement in the conditions of the masses of the people. On any side, there are extremes of unrelieved poverty that...If you want to pass water a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay