This article provides information about the recent development observed among developing countries: From the perspective of 10,000 years of history, human progress over the past 200 years has been extraordinary and the achievements of the past five decades are nothing short of miraculous. In two centuries social productivity has increased to the extent that the… Continue reading Recent Development Observed among Developing Countries
Category: Economics
Development Experience of India with that of Brazil – Explained!
This article provides information about the development experience of India with that of Brazil: India and Brazil, both the nations are strikingly similar in many aspects. They had similar policies between 1950-1980 (Import Substitution, trade barriers, etc.), started their liberalisation process at approximately the same time (early 1990s) and both of them, for a very… Continue reading Development Experience of India with that of Brazil – Explained!
How Industrialisation Accelerated the Economic Development? – Explained!
This article provides information about “How Industrialisation accelerated the Economic Development?” The industrialisation process from the 1950s to the 1970s led to the expansion of important sectors of the economy such as the automobile industry, petrochemicals, and steel, as well as to the initiation and completion of large infrastructure projects.