What are the various means by which countries are trying to strengthen their own domestic economies?
Following are the various means by which countries are trying to strengthen their own domestic economies:
1. They are forming regional and economic grouping.
2. There is an increasing awareness on the parts of various nations to join hands together and understand the developmental processes pursued by their neighbouring nations at it allows them to better comprehend their own strengths and weaknesses vis-a-vis their neighbours.
3. By trying to understand the neighbouring economies as all major common economic activities in the region have an impact on overall human development in a shared environment.
Mention the various indicators of human development.
Various indicators of human development are Human Development Index, Life expectancy at birth, Adult literacy rate, GDP per capita, People below poverty line, Infant Mortality Rate, Maternal Mortality rate etc.
Explain the Great Leap Forward campaign of China as initiated in 1958.
The Great Leap Forward (GLF) campaign initiated in 1958 aimed at industrialising the country on a massive scale. People were encouraged to set up industries in their backyards. In rural areas, commune system, people collectively cultivated lands. In 1958, there were 26,000 communes covering almost all the farm population.
What similar developmental strategies have Idnia and Pakistan followed for their respective developmental paths?
Pakistan and India have followed the mixed economy model with co-existence of public and private sectors. The introduction of green revolution led to mechanisation and increase in public investment in infrastructure in selectareas, which finally led to rise in the production of food grains & agriculture is the mainstay of both the countries. They have atmost equal per capital income & both home succeeded in ??? their per capita income.
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