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Liberalisation, Privatisation And Globalisation : An Appraisal
Question
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Differentiate between stabilisation measures and structural reform measures.

Answer

These are difference between stabilisation measures and structural reform measures:

Stabilisation Measures

Structural Reform Measures

1. These measures are short-term measures.

2. It is intended to correct some of the weakness that have developed in balance of payments and to bring inflation under control.

1. These measures are long-term measures.

2. It aims at improving the efficiency of the economy and increasing its international competitiveness by removing rigidities in the various segments of the Indian economy.

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