The role of monetary and fiscal policy in industrial development: industrial revolution in developing countries.
Journal Title:SCHOLARLY RECSEARCH JOURNAL FOR INTERDISCIPLINARY STUDIES
The purpose behind to construct the macroeconomic policies is to stabilize
the fluctuation in
business cycle. Usually, fiscal and monetary policies in industrial countries have been
expansionary in response to weak domestic conditions.
In spite of high prevalence of
vulnerable employment and working poverty in developing Asia, fu
ll employment is not a
legislated objective of any industrial countries. This paper presents a broad overview of
fiscal issues dealing with developing countries. We focus the factors which associated to
weak institutional framework that play a key role in
optimal policy decisions
and weak integration to either domestic or international financial markets.
In this paper we
investigate the multifaceted correlation between industrial development and economic
structure, by focusing on one of its tr
ade implications, the effect of international
specialization patterns on export performances of countries.This analysis is stand on
secondary data which is based on industrial policy of India, ILO, Indian government
industrial growth data and World