what are the merits and demerits of public policy in a developing economies
Privatization developed a country's economy by strengthening the quality of the product.
The Industrial Policy of 1991 in India aimed to liberalize the economy by reducing government intervention and promoting private sector growth. Merits include increased foreign investment, modernization of industries, and improved competitiveness. Demerits include challenges for small-scale industries, widening income inequalities, and environmental concerns due to unchecked industrialization.
Merits of decentralization include increased efficiency, as decision-making is closer to the point of service delivery, increased accountability and responsiveness to local needs, and reduced burden on central government. Demerits include potential duplication of services, lack of consistency in policy implementation, and challenges in coordinating resources and efforts across different regions.
Business policy is dependent on consumer satisfaction and gathering information regarding merits/demerits so as to introduce timely modifications on products. If this strategy is followed and policies are made, the organization will prosper.
their economies were so inter-related that they needed to cooperate in developing a common economic policy. By;YUMEIRI HERNANDEZ<3zTINO:)
their economies were so inter-related that they needed to cooperate in developing a common economic policy. By;YUMEIRI HERNANDEZ<3zTINO:)
* Government will be more consensus-based: resulting policies will be broadly approved of * Better representation of the electorate's wishes * Better quality of policy: enhanced scrutiny and increased attention paid to each policy * Increased continuity: election does not lead to dramatic overhaul which can produce fragmented rule
mercantilism actually help global trade
Typically, those involved in developing public policy are lawmakers in Congress, who bring such policy bills to the president to be signed into law and officially enacted as public policy. Public policy is implemented at a national level.
cost and benefit
M. A. Ramady has written: 'The GCC economies' -- subject(s): Economic policy, Gulf Cooperation Council, Energy policy
the caribbean the african economies can be described as one.discuss