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Liberalisation, Privatisation And Globalisation : An Appraisal

Question
CBSEENEC11008944

Differentiate between first generation reforms and second generation reforms.

Solution

These are difference between first generation reforms and second generation reforms:

First Generation Reforms

Second Generation Reforms

1. First generation reforms are those reforms which do not require any legislative procedures.

2. These measures are generally undertaken by the executive and administrative machinery of the government.

3. They do not take much time and are not delayed.

1. Second generation reforms are those reforms which require some legislative procedures.

2. These measures are not undertaken by the present administrative and executive structure of the government.

3. They take much time and are delayed.