Essays on New Economic Policy

Agriculture has always been an important part of Indian Economic Development. With, almost half of the Indian Population dependent on Agriculture for their livelihood, this primary sector employment arena contributed 50% to India’s National Income. However, since the time of Independence, the contribution of agriculture and its allied activities to the National Income has reduced to 18%. Indian Sub Continent has seen a drastic shift, both in Agricultural Technology and Policies related to it since independence. Since, development of other industries and sectors is dependent on agricultural development; it continues to be dominant sector in Indian Economy. Prior ...

After the 1905 Revolution, trade unions sprung up in Russia. The Moscow’ Printers Union was the first illegal trade union set up in Russia in 1903. Between the years 1906 and 1907, there was the flourishing of trade unions. However, they were persecuted during the “Years of Reaction.” From the years 1914-17, they were seen to revive again only to be suppressed another time due to the war outbreak. Thus, the March of 1917 saw leaders construct a trade union movement, building it from the very basics1. Although skilled and artisanal workers were mainly joining the trade unions in ...

Introduction

The National Development Policy (NDP) policy is a Malaysian development blue print that was introduced into the country in 1990 by Dr. Mahathir Mohamad who was the Prime Minister then. The NDP was meant to replace the NEP. NDP was meant to continue upholding the basic strategies that were held by NEP. In addition, NDP was to look into the following issues; focus on antipoverty strategy, place emphasis on human resource development, change the focus from over reliance on private sector for economic growth and finally focus on development of Bumiputera Community of Industry and Commerce (BCIC). In this paper ...

Introduction

The racial riots took place in Malaysia in the year 1969 and this was followed by the New Economic Policy which was announced by the Malaysian Government in the year 1970. The plan was brought into effect in the year 1971 and set certain objectives to deplete poverty regardless of ethnicity and race and society restructuring n order to attain inter-ethnic economic equality between the predominantly Chinese non – Bhumiputera and the predominantly Malay Bhumipetera. The implementation of the New Economic Plan in Malaysia leads to partially abandoning the laissez faire policy in this country. State intervention was encouraged ...

Why was the New Economic Policy introduced?

The early 20th century was a time of tumult for Russia. Tsar Nicholas attempted to expand the Russian Empire and ended up fighting the Japanese in the east, resistance in Finland, and internal rebellion. When the Russian Navy was soundly defeated in the war against Japan, the internal protest and rebellion escalated. On a Bloody Sunday in January of 1905, the Imperial Guard fired demonstrators lead by the priest Georgi Gapon launched revolution of 1905. In May the first Soviet, or council was formed in a textile strike in Ivanove-Voznesenk and the sailors on the battleship Potemkin defected to Romania. Matters calmed ...

Introduction

When Karl Marx wrote his seminal work, das capital, he never thought that his work would be as influential as events in the 20th century testifies. Karl Marx is thought to be one of the most influential economists of all time (Barnett 46). His ideas were first put in practice by Lenin in Russia. Marx had predicted the revolution of the proletariat to depose the owners of capital in the industrial societies. But this revolution happened in one of the most backward societies in Europe at the time. Together with Leon Trotsky, Lenin established communism in Russia. Lenin came ...