Ask Microeconomics Expert

GROWTH OF EMPLOYMENT OPPORTUNITIES:

Policy failure refers to situations:  

i) When the objectives of public policy are attained partially or inadequately or in a distorted manner especially in relation to cost or desired outcomes; 

ii) Produce counter-productive outcomes;  

iii) Impose costs disproportionate to positive outcomes or in a manner contrary to the policy objectives;   

iv) When policy outcomes are associated with or generate heavy present and future negative externalities (i.e. originally unintended or unanticipated negative effects on society as a whole or certain sections of it); and  

v) Weaken the state's capacity to initiate course-correction measures and give rise to domestic or external forces inhibiting/blocking the pursuit of the original, inclusive social agenda effectively.  

These situations, whether appearing severally in isolation or jointly, may be termed policy failures. In so far as the state is the prime or may be even the sole agency for these policies (including their implementation), the  policy failures are an element, a large one at that, of state failure. It may possibly be suggested that it was unlikely that an inclusive, egalitarian agenda of development, as contrasted with a narrow, status-quost economic growth, was adopted in India as the initial given situation was marked by vast multi-dimensional inequalities, differentiations and stratifications (as noted in the First Five Year Plan). However, the Indian State was equipped with the legitimacy and authority of a democratic State as the prime, empowered agency for policy interventions and social change. It is worth wondering what are the conditions either for the adoption of such an agenda and further for its successful implementation. Moreover,  the availability of a set of policies establishing a one-to-one relationship between the objectives, actors/agencies, resources and policy instruments commanding a broad national consensus cannot easily be taken for granted. Even the availability of the required knowledge base and expertise may be problematic. Be it as it may, the uncomfortable fact remains that the experience of post-independence India is marked by very large and painful policy failures, giving credence to the hypothesis of state failure. This kind of judgment is reflected in calling the Indian experience so far as one of muddling through, or describing India as a functioning anarchy. Of course, it is not the case that every single policy failed. Far from so as many of our policies, like the one of introducing green revolution, was clearly a success. The  point simply is that the successes overall get overshadowed by failures. That this kind of state failure is essentially related to state character, state capacity and state-society relation-ship in a historical perspective is pretty obvious but is often lost right of.  

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9514994

Have any Question?


Related Questions in Microeconomics

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question in the tradeoff between economic output and

Question: In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent? The response must be typed, single spaced, must be in times new roma ...

Question consider the case of global environmental problems

Question: Consider the case of global environmental problems that spill across international borders as a prisoner's dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries ...

Question consider two approaches to reducing emissions of

Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question suppose a city releases 16 million gallons of raw

Question: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits in ...

Question four firms called elm maple oak and cherry produce

Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As