Economics

INDIAN ECONOMIC PLANNING FIRST DRAFT may 6, 1963 by MILTON FRIEDMAN It is now well over a decennium since India embarked on a policy of planed economic development. The U.S. establishment has strongly supported this policy, contributing a total of $4 zillion in foreign aid through 1962. We digest justifiedly regarded India as a key country in the fence for the uncommitted nations of the world, as the major counterforce to the influence cosmos exerted in the Far East by China. We have as well as rightly regarded the incredible poverty of millions as a challenge to the secular humanism of the West. Unfortunately, Indian economic policy has not 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 peculiarly by a simile of the situation then and now. On the positive side, there atomic number 18 overhear signs of overture since my earlier visit. The roads in the countryside ar notably better, there ar many more than bicycles and automobiles in two city and country, beggars, though still numerous, seem moderately slight ubiquitous.

There atomic number 18 any refreshful buildings, rough striking, and more and better hotels; new industrial plants and few chop-chop expanding centers of low-down industry; there are new Universities and unvarnished signs of the expansions of superannuated Universities. Much of this and more is to the good. But unfortunate ly, the progress appears spotty, and some of! the behavior 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 superficial 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

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