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Social & Economic Policies in Uk & Sri Lanka

Social & Economic Policies in Uk & Sri Lanka

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Government Policy Initiatives
Policy is a generic term used in describing a set of conditions and rules laid over achieving a specific outcome. In the case of government, any government is bound to provide/ maintain certain policies in social and industrial perspectives. y Social Welfare Policy: is a set of rules set in confirming the fabric of the community¶s well being. It contributes its final outcome in polishing the public welfare in away bringing in a relief to certain vulnerable issues of
Government Policy Initiatives
Policy is a generic term used in describing a set of conditions and rules laid over achieving a specific outcome. In the case of government, any government is bound to provide/ maintain certain policies in social and industrial perspectives. y Social Welfare Policy: is a set of rules set in confirming the fabric of the community¶s well being. It contributes its final outcome in polishing the public welfare in away bringing in a relief to certain vulnerable issues of

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Published by: Bhakthi Jagodaarachchi on Mar 11, 2011
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12/17/2012

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Government Policy Initiatives
Policy is a generic term used in describing a set of conditions and rules laid over achieving aspecific outcome. In the case of government, any government is bound to provide/ maintaincertain policies in social and industrial perspectives.
y
 
Social Welfare Policy:
is a set of rules set in confirming the fabric of the community¶swell being. It contributes its final outcome in polishing the public welfare in awaybringing in a relief to certain vulnerable issues of the public.
y
 
Indust
rial Policy (
I
P)
:
is responsible in cooperating to the development of the industrialsector. This policy may take forms of Fiscal or Monetary policies.
 
M
o
n
e
t
ary Policy: -
is a measurement used by the government to regulatethe rate of money circulation in country in order to prevent anyinflationary situation.
 
F
i
s
cal Policy: -
is another measure taken in regulating inflationarysituations by monitoring the purchasing power of the consumer.
S
ocial Welfare Policy in UK 
Social Care i
n
E
du
ca
t
io
n
:
UK has a wide spread community service in Education where manystrategies are being followed in developing the literacy rate of UK. Education policy sets outprograms in providing theoretical and practical fluency in different streams. Main target behindthis policy is to minimize the potential unemployment rate of UK due to lack of professioncy atwork. It also concentrates in providing special education service to those who has disabilities ingetting them self employed in the future.
Social Care i
n
Heal
th
:
UK is a country which makes strong decisions in developing mentalhealth parallel to the physical health of the working public. This is because; they believe that notask can be successfully accomplished with no healthy mind set. Therefore, when its workingforce is performing well, it could lead to a minimizing of potential unemployment rate of UK.(eg
:
Mental health & Employment providence)
 
 
S
ocial Welfare Policy in
S
ri Lanka
Social Care i
n
E
du
ca
t
io
n
:
As another measure of public service, SL government executesprojects in providing free education facilities to its younger generation in trimming theexpenditure of its people. This facility is more focused on improving the literacy rate of itsyounger generation in competing with the other nations of the world and serving for the wellbeing of the country¶s economy in future.
U
thu
r
u
Wa
s
a
nth
aya
:
is a projection of humanity for those who have been affected from war in the North province of Sri Lanka. The SL government paid its complete attention ondeveloping the living standards of war victims once the war ended. Government providednecessary food, education, medicine, sanitary facilities and accommodation facilities for thefamilies of North province in stepping in to and maintaining a life a quality.
Industrial Policy of UK 
M
o
n
e
t
ary Policy:
As a measure of controlling the money circulation of UK, in March 2009, themonetary policy committee announced that the bank rate will be set to 0.5% in order to make aninflow o money in to the UK economy in achieving inflation targets.
F
i
s
cal Policy:
³
The Golden Rule states that over the full economic cycle, the government should borrow to invest only for future needs. Current needs should be met by tax revenues. This should allow for stable finances as defined by the ratios of public sector net worth, debt and current expenditure to national income.In conjunction with the Golden Rule, the UK government also seeks to follow the SustainableInvestment Rule, which should keep national debt at a prudent level currently set at 40 per cent of GDP.By the end of 2008 estimated public debt had already risen to 42 per cent, and could rise to 70per cent of GDP by 2010, meaning that the Sustainable Investment Rule has been broken. Thejustification is that a severe recession needs Keynesian stimulus to revive it, and that balancing the books should only be sought once the economic recovery begins.´
(http
:
//www.economywatch.com/world_economy/united-kingdom/bank-of-england-monetary-fiscal-policy.html)
 

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