chapter 2 closing case questions

chapter 2 closing case questions - Shawnae Cristobal...

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Shawnae Cristobal International Business Professor Rayan September 4, 2008 Box #283 Chapter 2: Closing Case Questions Page 89 #s 1-5 1. The economic system that developed in India after 1947 was a mixed economy characterized by a large number of state-owned enterprises, centralized planning, and subsidies. In 1991, India’s government embarked on an ambitious economic reform program. Much of the industrial licensing system was dismantled, and several areas once closed to the private sector were opened. In addition, investment by foreign companies was welcomed, and plans to start privatizing state-owned businesses were announced. India has posted impressive gains since 1991, however there are still impediments to further transformation. Attempts to reduce import tariffs have been stalled by political opposition from employers, employees, and politicians. Moreover, the privatization program has been slowed thanks to actions taken by the Supreme Court. Finally, extreme poverty continues
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This note was uploaded on 04/13/2010 for the course BUSINESS 121581 taught by Professor Schils during the Spring '10 term at École Normale Supérieure.

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chapter 2 closing case questions - Shawnae Cristobal...

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