International Environment Assignment Example | Topics and Well Written Essays - 3500 words

International Environment - Assignment Example The achievement of independence in India was followed by the implementation of mixed economic system for growth and development in long run. In this regard, it is worth mentioning that the new mixed economic system was introduced with the aim of developing both private and public sectors. However, in contrast neo-liberal policy focuses on replacing the old mixed economic system with developing private sectors respectively. The neo-liberal policies further facilitates global governing authorities of other nations to bring changes to the neoliberal policies of India respectively (World Bank, 2015). The importance of this study is to understand the concept of neo-liberalism and its differences with the other economic policies as well as its effects on the society. Additionally, the study will outline the effects of neo-liberalism in India and its contribution in growth and development. Furthermore, the paper examines the impact of neo-liberal policy on social, cultural and economic poli cy of India.The concept of ‘Neo-Liberalism’ is associated with approach in economic theories where shift in economic factors can be observed between private sectors as well as public sectors with the aim of enhancing the position of the economy. However, the neo-liberalism policy mainly focuses on the private sector rather than public. The implementation of the new-liberalism policy within the economy enables the government minimise the shortage of monetary resources, amount of loans provided to organisations as subsidies