Category: Economic Development

Main Advantages and Disadvantages of Foreign Trade in India are described below: Advantages: 1. Optimal use of natural resources: Foreign trade helps each country to make optimum use of its natural resources. Each country can concentrate on production of those goods for which its resources are best suited. Wastage of resources is avoided. Image Source: civilengineeringbasic.com ADVERTISEMENTS: 2. Availability of all type of goods: It enables a country to obtain goods, which it cannot produce or which it is not producing due to higher costs, by importing from other countries at lower costs.3. Specialisation: ADVERTISEMENTS: Foreign trade leads to specialization and encourages production of different good in different countries. Goods can be produced at comparatively low cost due to advantages of division of labour.4. Advantages of large-scale production: Due to…

The ability of nation to use power depends upon different factors but no single factor is entirely responsible for the growth of national power. Moreover, mere existence of various elements does not make a nation powerful. It is the ability to skillfully harness and use these factors that leads to national power.Different Classification of Elements of Power: According to Morgenthau: Permanent and Temporary ADVERTISEMENTS: According to Organski: Natural and SocialAccording to Palmer and Perkins: Tangible and IntangibleBroadly speaking there is following elements of power: Image Source: abduzeedo.com (1) Geography: Among the geographical elements of power size, location, climate, topography and boundary are important ones. The exponents of geographical elements include. (a) Size: ADVERTISEMENTS: The large size of a country enables it to accommodate large population. It can also be a…

The major reason at an all India level has been the low rate of economic growth. The rate of economic growth in India in the 1960s and 70s was about 3.5% and about 5% in the 80s. This was not significant enough to impart regional equality despite policies consciously designed to favour backward regions being followed. Secondly, the root of these states’ backwardness lies in their socio-economic and political organisation itself. Bihar and eastern U.P. did not have land reforms properly implemented.In Bihar and Orissa even land consolidation unlike Punjab and Haryana have not taken place effectively. Thirdly, the backward states have a lower level of infrastructural facilities such as power, irrigation, roads telephones and modern market for agricultural produce. Fourthly, these states also have a lower level of social…

Developing countries are mostly following the policy to restrict the growth of population. In fact, during the last four decades, many countries have adopted such policy.Economic incentives for small families in the Republic of South Korea and the Philippines, financial rewards for sterilization in India, Pakistan, Bangladesh, Nepal and Sri Lanka, the preferential treatment for mothers of small family in government hospitals in Singapore, free abortion facil­ities on demand in Tunisia, Cuba, China, India, Indonesia and Singapore, legalization of abortion on medical grounds in most of less developed countries are some of the examples of policies aimed at discouraging the rapid growth of population.In most of the developing countries, the techniques for promoting family planning and birth control vary from supplying contraceptives and information in some nations to much more…

The guiding principles of environmental education are as follows:(i) Environmental education should be continuous and compulsory, right from the pre­school to all formal as well as non-formal higher levels. ADVERTISEMENTS: (ii) Environmental education should have an interdisciplinary approach.(iii) The environment must be considered in its totality (i.e. a functional system composed of organised, interacting and independent parts). Image Source: i.ytimg.com(iv) Environmental education should promote the value and necessity of examining the major environmental issues from the local, national, regional, and international point of view.(v) Environmental education should emphasize the necessity of seeking international co-operation in environmental planning, prevention and control of environmental problems. ADVERTISEMENTS: (vi)Environmental education should emphasize the complexity of environmental problems and the need to develop critical thinking and problem-solving skills.(vii) Environmental education should emphasize the importance of…

Jawaharlal Nehru, a multifaceted personality, a dreamer and the man who molded the nation and gave it his breath of vision to make it the most powerful, force in Asia, was destined to create global influence.Independent India’s first Prime Minister dominated domestic politics as well as the international scene for nearly seventeen years. ADVERTISEMENTS: Born to rich aristocratic parents, Jawaharlal Nehru lived everything and joined the freedom struggle under the leadership of Mahatma Gandhi. His resolute spirit and dynamic personality made him a leading figure of the national movement. He injected into the movement a bit of western philosophy and idealism.As the president of the Indian National Congress he did a lot to steer the National Movement on its right course. Nehru was one of the most prominent members of…

Industrial designs refer to creative activity which result in the ornamental or formal appearance of a product and design right refers to a novel or original design that is accorded to the proprietor of a validly registered design. Industrial designs are an element of intellectual property.Under the TRIPS Agreement, minimum standards of protection of industrial designs have been provided for. As a developing country, India has already amended its national legislation to provide for these minimal standards.The essential purpose of design law it to promote and protect the design element of industrial production. Image Source: huxleyhillinvestigations.com ADVERTISEMENTS: It is also intended to promote innovative activity in the field of industries. The existing legislation on industrial designs in India is contained in the New Designs Act, 2000 and this Act will…

“Some are born great. Some have greatness thrust upon them by destiny. Some achieve greatness by dint of hard work”. I believe Pandit Jawaharlal Nehru was born great.He is reckoned as one of the most illustrious sons of India, an outstanding leader who left behind a blazing trail of remarkable achievements and success. Till today he stands unequalled, unrivalled and without a peer in the galaxy of Indian leaders who have graced our land.Jawaharlal Nehru was the son of Motilal Nehru who was a renowned barrister and a leading political figure. Nehru was born on 14th Nov. 1889 at Allahabad. He took his primary education from English tutors, at home. Later on, he was sent to England for higher studies and returned to India in 1919 after qualifying himself as…

Essay on Weber’s Theory of “Ideal Types” – The concept of “ideal type” is one of the major concepts in Weberian sociology. In fact, it has an important place in his methodology. In methodology, it is known as “typological analysis.” It is said that the inspiration which Weber had derived from the writings of Plato and Immanuel Kant enabled him to make use of the concept of “ideal type.”Weber’s Definition of Ideal Type: 1. Max Weber: “An ideal type is an analytical construct that serves the investigator as a measuring rod to ascertain similarities as well as deviations in concrete cases.” ADVERTISEMENTS: General Background of the Emergence of the Concept of “Ideal Type”: At the far end of the 19th century, philosophical discussions in Germany were focused on the question…

Essay on the Causes of Unemployment – The problem of unemployment is becoming a colossal one. Various factors, individual as well as social, have caused this problem. Here the causation is not one-sided. For example, unemployment is often the cause of poverty and some other time, its consequence also. Hence, tracing the causes of unemployment is a difficult task.C.B. Mamoria lists out the causes of unemployment in India in the following way:(i) The policy of “laissez-faire” or free trade pursued by the British did not accelerate the process of industrialization in India. As a result, employment opportunities could not be generated on a large scale, during the British rule. This situation continued up to the end of their rule in India. Image Source: localtvwhnt.files.wordpress.com ADVERTISEMENTS: (ii) The unchecked growth of…