2. What is liberalization?
Liberalization is lessening of government
restrictions and regulations on important
elements of economy regarding
production,distribution, export and import
in exchange for greater participation by
private entities
4. MEASURES INCLUDED IN
LIBERALIZATION
Encouraging foreign direct investments
Reduction of import tarrifs
Abolishing the cess on export of goods in
order to encourage exporting
Increasing the quantum of goods allowed
for import
6. PHYSICAL
DEVELOPMENT
Due to liberalization all goods
and commodities including
essential items like food and
clothes will available in cheaper
rate
Increase in job opportunities and
family income
With the monthly income, the family can
afford nutritional food for the child
which is the essential need for the
physical development of the child.
NEGATIVE IMPACT:
Income of the parent affects children
directly by affecting the quantity and
nutritional content of the food which
children eat , their access to medicines.
7. COGNITIVE DEVELOPMENT
Due to liberalization,
Government expenditure
is increased. Free
education, scholarship is
provided.
Electronic items will be
cheaper.
The learning difficulties is
decreased
The child’s learning experience
gets expanded which in turn
improves their cognitive
development
NEGATIVE IMPACT:
Usage of mobile phone and
internet for longer times leads to
lack of concentration
less involvement in studies
8. EMOTIONAL
DEVELOPMENT
A child has no knowledge about its family
economic background.
The upperclass families can provide which
the child wishes for.
If the family doesn’t provide what the child
wants, he/she develops a feeling of loneliness
,he/she develops a feeling that no one cares
enough to buy a product
9. SOCIAL DEVELOPMENT
If the financial situation of the family is
balanced then a child benefits in all way.
If the financial situation is disturbed in the
family. They may go for borrowing money
from others which cause disharmony in the
society. The child may go to other kids and
make a bad impression on others minds
10. MORAL DEVELOPMENT
Every need of the child is taken care by its
parents.
Sometimes , a child might be stubborn and
pesters parents to buy a product without
knowing its cost
11. DRAWBACK
Liberalization policy of the government does
not augar well for the all round development
of children hailing from poor families,
However it helps children from the middle
and upper class families to get quality
education and healthcare which contribute
for the all development of their personality.