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An overview of third-world problems, making use of Marxist and neo-Kiynesian methods of analysis.
First published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.
This volume examines the economic and social consequences of colonial rule in India covering areas like agriculture, industry, demography, land rights, finance, standard of living, and gross domestic product.
In this innovative and ambitious global history, distinguished economic historian Amiya Kumar Bagchi traces the global history of human change and survival under the sway of capitalism since the voyages of Columbus. Writing with extraordinary range and depth, he offers a critical analysis of the history and human costs and consequences of development in Europe and North America, and in major regions such as India, China, Japan, and Africa. Bagchi critically characterizes the emergence and operation of capitalism as a system driven by wars over resources and markets rather than one that genuinely operates on the principle of free markets. His unflinching examination of the human toll--in the periphery as well in the core nations--includes not only economic processes and issues of inequality within and among nations, but also the intertwining of economics and war-making on a world scale. Bagchi's compelling vision will change the ways in which we think about many of the largest issues in the world history and development over the past 500 years.
This book provides a historical background to the formation of the Indian capitalist class from before British colonial rule in India. It analyses the nature of that class, the ways in which it changed under colonial rule, and the state of independent India; it also sets some of the peculiarities of capitalist organization in India and the ideology of big capital in their historical context. The evolution of the working class in India is analysed in its dialectical interaction with global capital and Indian capitalism. The author challenges the view that the tensions within working class movements caused by caste, communal divisions or gender discrimination are to be attributed to primordial loyalties, emphasizing instead the influence of the deliberate strategies adopted by capitalists and of changes in the structure of global and Indian capitalism. Finally, the book investigates the impact of capital-friendly liberalization on the fortunes of the working class in the Third World.
Democracy and development are the ideological leitmotif's of the age, used so widely that their real meaning is often lost. In Capitalism, Development and Democracy Amiya Kumar Bagchi gives a historical and material grounding to these ideas, showing their intimate but troubled relationship with capitalism.Bagchi shows that the idea of development - of all human beings enjoying better standards of living - spread following the rise of capitalism, first in the Italian city-states and then in the nation states of Europe. He documents how capitalism systematically denied the very aspirations it raised, both widening and restricting human freedom in a contradictory process.A stimulating and innovative contribution to the fields of development studies, political economy and political theory, Capitalism, Development and Democracy reconnects development and democracy with the critique of capitalism.
In this innovative and ambitious global history, distinguished economic historian Amiya Kumar Bagchi traces the global history of human change and survival under the sway of capitalism since the voyages of Columbus. Writing with extraordinary range and depth, he offers a critical analysis of the history and human costs and consequences of development in Europe and North America, and in major regions such as India, China, Japan, and Africa. Bagchi critically characterizes the emergence and operation of capitalism as a system driven by wars over resources and markets rather than one that genuinely operates on the principle of free markets. His unflinching examination of the human toll—in the periphery as well in the core nations—includes not only economic processes and issues of inequality within and among nations, but also the intertwining of economics and war-making on a world scale. Bagchi's compelling vision will change the ways in which we think about many of the largest issues in the world history and development over the past 500 years.
In twelve incisive essays covering a wide range of issues, this volume undertakes an interdisciplinary and multi-level analysis and provides comprehensive and critical insights into the dynamics of the development process in these two countries.
The essays are concise, yet comprehensive, and each essay contains a substantial set of references, which an interested researcher or student could follow up. . . In addition to representing multidisciplinary interactions, this collection encompasses several different perspectives within development economics, so the reader can learn, for example, both about neoclassical approaches and dependency theories in the same volume. This makes the collection unique and all the more valuable. . . This is a very good reference collection, as the individual essays are informative and provide a good overall perspective on the topic that they set out to address. The extensive bibliography at the end of e...