Poverty, Globalisation and Human Development
Synopsis
The structural adjustment programmes are basically the reforms programmes, designed for the socialist and mixed economies. The establization polices are the policy programmes designed to bring the short term economic balances. The SAP programmes paved the way to liberalization and globalization for widening the market economies. With the expansion of globalisation programmes, the poverty issues became debatable. The studies reflect mixed reactions about the issue. However, the quality of human development activities along with globalisation processes has preceded the global efforts towards the favourabilities. The individual rationality, in fact, is improving with the introduction of competition in the markets. The market economies normally prefer to have a competition and the transitory economies, the challenges of the globalisation have been converted into opportunities with proper policy and reforms initiatives essential for maintaining the competition and liberlisation in the system.
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