An Evaluation Of Government Reform Programmes For The Economy
Reform Programmes are appearing on the agenda of the government daily and increasingly. Generally, it is recognized that persistent fiscal deficit and growing government debt ca can lead to increased interest rates. A key aspect of the institutional reforms is to fight corruption and ensure transparency where the goal is to make sure the government serve the people.
According to the world report, adjustment policy have adverse effects on the poor and on income distribution. The art of reforming the government is not limited to any country and at one point in time, industrialization has scaled down the size of the government in order to maximize the redistribution of social welfare.
A country must be seen to be implementing policies that seek to actualize the goals which is to restructure and strengthen government and public institutions to deliver effective service to the people.
Due to the inefficiency of the public institutions in some part of the world, the idea of increasing public private sector partnerships is a welcome development. Also, security which provides safety and freedom is very necessary for economic growth and development.
Finally, the non economic variables like belief, value, attitude, norm, and power structure are also very much important in promoting the economic growth and development of a country.
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