Comments on: Economic Models http://www.sudipbandyopadhyay.in/2009/02/28/economic-models/ Fri, 10 Feb 2012 05:52:46 +0000 http://wordpress.org/?v=2.6.2 By: Sudip http://www.sudipbandyopadhyay.in/2009/02/28/economic-models/#comment-145 Sudip Tue, 03 Mar 2009 04:52:18 +0000 http://www.sudipbandyopadhyay.in/?p=489#comment-145 I agree with you at the conceptual level, in a scenario when the world economy is functioning in an optimum manner. Today we are definitely in a state of crisis. The world trade is rapidly shrinking for the first time since the second world war. In such an environment ,a country which is closed with the government playing a significant role, is probably insulated to a great extent. This is a fact and we must acknowledge this. This however, by no stretch of imagination, should be construed as an ideal or recommended model for economic development. Thanks for visiting my blog ...Keep writing. I agree with you at the conceptual level, in a scenario when the world economy is functioning in an optimum manner. Today we are definitely in a state of crisis. The world trade is rapidly shrinking for the first time since the second world war. In such an environment ,a country which is closed with the government playing a significant role, is probably insulated to a great extent. This is a fact and we must acknowledge this.

This however, by no stretch of imagination, should be construed as an ideal or recommended model for economic development.

Thanks for visiting my blog …Keep writing.

]]> By: Akhil http://www.sudipbandyopadhyay.in/2009/02/28/economic-models/#comment-142 Akhil Sat, 28 Feb 2009 18:23:41 +0000 http://www.sudipbandyopadhyay.in/?p=489#comment-142 Sir, Don't you think that when we keep the global scenario in mind, when the production of goods and services in one country is directly dependent on the demand in another country there is a need to rethink expenditure? There is no guarantee that the economy would remain afloat inspite of the immense expenditure the government makes. Just giving an example, using the Central Bank direct lower rates or even restructure debt could give a similar effect. Also the moral hazard associated with unemployment benefits, do you think considering the difference in cultures something like this would be successful in a country like ours? Sir, Don’t you think that when we keep the global scenario in mind, when the production of goods and services in one country is directly dependent on the demand in another country there is a need to rethink expenditure? There is no guarantee that the economy would remain afloat inspite of the immense expenditure the government makes. Just giving an example, using the Central Bank direct lower rates or even restructure debt could give a similar effect.

Also the moral hazard associated with unemployment benefits, do you think considering the difference in cultures something like this would be successful in a country like ours?

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