Question

The notes suggest a need for a new development vision in Kerala that balances rapid growth with what?

• A. Increased income disparity.
• B. Reduced government intervention.
• C. Fair employment practices and redistributive justice.
• D. A focus solely on economic liberalization.

Answer 1

Answer:

C. Fair employment practices and redistributive justice.

• The inequality-growth trade off (which ideally should be 1 per cent growth in GINI coefficient to be accomplished with 5.02 per cent income growth in Kerala context) is found to be less impressive with a nearly 2 percent rise in the value of GINI coefficient accompanied with only a per capita income growth of around 5 percent per annum.

• These and other findings emerging from our analysis of Kerala experience with rising inequality along with high growth point at some worrisome trends and hence call for introspection among celebrators of fast economic growth

• These findings highlight troubling trends and call for reflection among those celebrating rapid growth.

• They underscore the need for a new development vision in Kerala, where, as Isaac (2007) notes, "the government is expected to play the role of a catalyst and a moderator of rapid growth with a fair degree of employment practices and redistributive justice"