Kamala B Sarup by Kamala B Sarup
Economy back to normalcy
The best way to bring the economy back to normalcy is to give due respect to internal economy. We should not hesitate in experimenting and adopting various successful programs experimented by various countries ranging from taxes levied on a country's citizens, to population control. Effective regional and local administrations with strong policies in certain administrative sectors (such as transport, education, health, water supply, solid-waste disposal, energy systems, and air quality) could play a great role in the promotion of sustainable development in the long run.
We can not forget how the contraction in public expenditure and the consequent reduction in aggregate demand could not but adversely affect employment in the unorganised sector, whether non-agricultural rural employment or urban informal-sector employment.
Higher literacy and health standards were the most crucial factors in enhancing labour productivity, which in turn went to facilitate significant import substitution and export promotion. Though we have always had the intention to eradicate poverty, much of it has been guided by displaced concerns and misplaced priorities.
Since money enables people to buy at least the basic living needs for themselves and their families: food, drink, shelter, clothing, medicines, and health care.
We have a question--Can we realistically expect to gain more economy in the future?
At the same time, there is need to review these programmes, and the emphasis also needs to be put on what are the adjustment implications on the provision of public goods, particularly public health, nutrition, education, because these not only have immediate effects on consumption, but they have long-term effects on the people.
What do we need to do? At the same time, we also need to learn and act. If human poverty has to be eradicated, attention must shift from income poverty to the poverty and inequality of opportunities -- economic, social, and political. We need sustained public action to be guided by strong economic development priorities. Further reforms are needed in agriculture, industry and services. All subsidies should be targeted sharply at the poor and the truly needy like small and marginal farmers, farm labour, and the urban poor.
A good economy is what provides the money and takes the risks and benefits of ownership. They and their surrogate managers buy equipment, goods, and labor services to create products for sale. Thus, in an economy, money creates greater amounts of money and greater average living standards, which are distributed unequally among its people.
Devote money (financial capital) to technical education, like programming, which is labor-intensive, and requiring little capital equipment, and export that knowledge, but that requires spending lots of money providing technical educations.
Kamala is an editor for http://www.mediaforfreedom.com. Her specialties are in-depth reporting and writing stories on peace, freedom, democracy, women, anti terrorism, and development. Some of her publications include: Women's Empowerment in South Asia, Nepal; Prevention of Trafficking in Women Through Media.
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