In which sectors of the economy, types of economic activity should be used development-oriented socio-economic policy to stimulate the economic processes of the entire economy?
This issue is particularly important now, ie in the period of the forecasted slowdown in economic growth in many countries for 2019.
What types of business ventures should be supported by state bodies and co-financed from the state budget?
What types of public goods should be developed as part of a pro-development socio-economic policy?
What types of investment projects, eg in communication, energy and IT infrastructure, should be developed with state support?
What economic policy should be actively pursued by the state? Is monetary policy (eg purchase of assets lost by central banks from commercial banks), fiscal policy (eg lowering certain categories of taxes), housing policy (eg building housing for the poorest citizens), social policy (eg subsidies for setting up a business in the form of a micro-enterprise) etc.?
Please, answer, comments.
I invite you to the discussion.
Best wishes
Good thrust of thought. However, drop the normative (the ‘should’). Most of these emerging economies are strongly non-ergodic. So, investment must be made on an incremental and reflexive frame. Cf.
Article Public-Private Partnerships (PPP) on Moulding State Structur...
Preprint Public-Private Partnerships (PPP) in Africa: Harking the Holonomic
To me infrastructure creation and/or maintenance would get due weight. Secondly, in today's era of fast disruption, sharing of resources and aggregators models are becoming everyday news. Hence, any new concepts that has the potential to become very large, which also provides economies of scale, efficiency in supply chain, last mile inclusion, and the progressive taxation (e.g. Goods and Service Tax) with some targeted incentives would work effectively.
I think developing economis like India should focus on the developement of the labour intensive manufecturing sector that can create enough jobs. Structural reforms in agriculture sector also need to bring the economy on the development path.
In my opinion, construction is such a booming and developing sector of the economy. However, in the context of the current processes of long-term business cycles, the slowdown in economic growth recorded since the end of 2018 in many countries and in the context of the state of state finances, the following question is up-to-date: In a situation of a balanced state budget, a low level of indebtedness of the state finances and current economic realities, can a large-scale state-supported housing policy and social policy be promoted and promoted on a large scale?
In view of the above, it is also important to include in the above discussion also the following issue:
Does the housing policy based on the state-supported construction of affordable housing for citizens and the system of family-friendly benefits paid to raise fertility in society as part of social policy are good instruments for pro-development socio-economic policy?
In a situation of well-managed public finance, in a situation of a balanced state budget, whether the low level of national finance debt can be developed on a large scale, the aforementioned housing policy and social policy?
In a situation of well-managed state finance and current economic realities, can a large-scale state-supported housing policy and social policy be promoted on a large scale to improve housing and living conditions, raise the income and financial situation of citizens?
Can this kind of pro-development social and economic policy be a good solution to the situation of a decline in economic activity and the cyclically slowdown of the country's economic growth?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
- Badges
- Science topic
- Similar topics
- Economics