Rural Development: Principles, Policies and Management comprehensively addresses the basic concepts, elements, paradigms, determinants, policy instruments, strategies, programs, and management of rural development. The book emphasizes, in particular, the pivotal role of human resources as both a means and an end of development. New pedagogical featuers have been added in the Third Edition, including 'Learning Outcomes' at the start of each chapter, and 'Main Points' summaries and 'Questions for Discussion' at the end of chapters.

Policy Instruments of Rural Development

Policy instruments of rural development

Learning Outcomes

After having gone through this chapter, students should be able to

  • define and illustrate the concepts of ‘policy instrument’ and ‘policy measure’;
  • know the meaning and components of the conceptual framework for public policy as propounded by Nobel Laureate Jan Tinbergen;
  • identify the relationship between various components of the conceptual framework, that is, social welfare function, policy goals and policy instruments;
  • define the term ‘Action System’ in the context of development management and identify its components and utility and
  • describe various types of policy instruments, that is, ‘public finance’, ‘money and credit’, ‘direct controls’, ‘exchange rate’ and ‘changes in institutional framework’, and the purposes for which they are used, when, how and by whom.


An instrument is defined as something which ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles