Book contents
- Frontmatter
- Contents
- Preface
- Introduction
- Ragnar Nurkse: Trade and Development
- 1 Causes and Effects of Capital Movements (1934)
- 2 The Schematic Representation of the Structure of Production (1935)
- 3 Conditions of International Monetary Equilibrium (1945)
- 4 Domestic and International Equilibrium (1947)
- 5 International Monetary Policy and the Search for Economic Stability (1947)
- 6 Growth in Underdeveloped Countries (1952)
- 7 Problems of Capital Formation in Underdeveloped Countries (1953)
- 8 Period Analysis and Inventory Cycles (1954)
- 9 A New Look at the Dollar Problem and the United States Balance of Payments (1954)
- 10 International Investment To-day in the Light of Nineteenth-Century Experience (1954)
- 11 The Relation between Home Investment and External Balance in the Light of British Experience, 1945–1955 (1956)
- 12 Reflections on India's Development Plan (1957)
- 13 Balanced and Unbalanced Growth (1957)
- 14 International Trade Theory and Development Policy (1957)
- 15 Trade Fluctuations and Buffer Policies of Low-income Countries (1958)
- 16 Patterns of Trade and Development (1959)
- Notes
- Bibliography
12 - Reflections on India's Development Plan (1957)
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Preface
- Introduction
- Ragnar Nurkse: Trade and Development
- 1 Causes and Effects of Capital Movements (1934)
- 2 The Schematic Representation of the Structure of Production (1935)
- 3 Conditions of International Monetary Equilibrium (1945)
- 4 Domestic and International Equilibrium (1947)
- 5 International Monetary Policy and the Search for Economic Stability (1947)
- 6 Growth in Underdeveloped Countries (1952)
- 7 Problems of Capital Formation in Underdeveloped Countries (1953)
- 8 Period Analysis and Inventory Cycles (1954)
- 9 A New Look at the Dollar Problem and the United States Balance of Payments (1954)
- 10 International Investment To-day in the Light of Nineteenth-Century Experience (1954)
- 11 The Relation between Home Investment and External Balance in the Light of British Experience, 1945–1955 (1956)
- 12 Reflections on India's Development Plan (1957)
- 13 Balanced and Unbalanced Growth (1957)
- 14 International Trade Theory and Development Policy (1957)
- 15 Trade Fluctuations and Buffer Policies of Low-income Countries (1958)
- 16 Patterns of Trade and Development (1959)
- Notes
- Bibliography
Summary
The main features of India's development policies are matters of common knowledge. The First Five Year Plan placed the emphasis on agriculture. The Second Plan, which came into effect in April 1956, seeks to promote an expansion of small-scale village industries for the production of consumer goods. At the same time it calls for a big increase in steel production and engineering capacity. Before considering these specific programs it is necessary to deal with a subject that dominates the background of economic policy in India.
The Problem op Unemployment
Concern with the problem of unemployment is paramount in current Indian thinking. Professor P. C. Mahalanobis, one of the chief planners, regards this as “the most pressing problem.” A panel of Indian economists speaks of it as “a problem of enormous dimensions.” The urgent need to create more employment opportunities is stressed in nearly all documents relating to the current Plan.
This emphasis may seem surprising, perhaps even incomprehensible, to some economists outside India. What are the facts? There is first a certain amount of open unemployment, mostly in urban centers, which is said to have increased in the years 1952–1955 and is estimated at somewhere between five and ten million persons. India has rightly been proud of her success in expanding production since 1951 without any price inflation, at any rate up to the end of 1955.
- Type
- Chapter
- Information
- Ragnar NurkseTrade and Development, pp. 315 - 328Publisher: Anthem PressPrint publication year: 2009