Question

how far planning is relevant in the era of globalisation? Discuss​

Answer 1

Answer:

Role of Planning in a Globalised Economy A NEW Planning Commission has been constituted by the UF government as of July 31, with Madhu Dandavate as the deputy chairman. Despite the excellent past credentials of the new deputy chairman, somehow the new commission does not inspire much confidence that its sights are set right, if only because of the statement made by the chairman of the reconstituted commission at its first meeting on August 19, with focus on the continued pursuit of economic liberalisation policies and of changing the sights of planning in the above context.

Explanation:

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Answer 2

Planning in the era of globalization.

Explanation:

• The government has been pursuing the policy of liberalization, privatization and globalization (LPG) to provide larger role to markets but simultaneously increasing its intervention in those areas where markets fail, like poverty alleviation, employment generation, rural development, infrastructure development etc.
• The government is focusing on strengthening the regulatory mechanism through appropriate laws, rules, institutions, regulatory bodies and the like. to promote competition among all firms, be it private, public or foreign.
• Reforms do not mean ‘no government’ but a ‘different government’

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