During the 1950s, economic indemnity became the main policy objective in newly independent developing countries because mountain believed that this policy would rid them of social inequalities. GNP was primarily employ as a measure of economic growth. At this leg in time people equated growth with development, and viewed growth in less developed countries as essentially a noncontinuous process requiring large investment. In the 1960s, GNP remained a sum total objective; however, economists also began to pay more attention to the sense of balance of payments equilibrium and employment. In the 1970s economists maintain their focus on GNP growth and employment, but also select income distribution, scantiness alleviation, and external equilibrium as other objectives.
In the 1980s, the pump objectives included stabilization, external equilibrium, internal equilibrium, structural adjustments, and efficiency. In the 1990s, the sum objectives included continued adjustment, good governance and institution building, revivification of indigence alleviation as a goal, moderating personal effects of Asian financial crisis, limiting global capitalism, liberalization and deregulation. From 2000 to 2005, the objectives remained the like as the previous decade except the revising and speculative of the Washington Consensus took place, and a focus on Human Development was included. Other objectives in this time period include poverty and inequality reduction, the Millennium Development goals, and reducing vulnerability.
Some examples of these theories and...If you want to get a full essay, order it on our website: Ordercustompaper.com
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