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The Oxford India Short Introductions are concise, stimulating, and accessible guides to different aspects of India. Combining authoritative analyses, new ideas, and diverse perspectives, they discuss subjects which are topical yet enduring, as also emerging areas of study and debate. Political Economy of Reforms in India discusses the political economy of the country's growth, globalization, and welfare. It finds that the political economy of growth and globalization are intimately connected. And, the political economy of welfare, though dependent to a much greater extent on state intervention than growth, is critically dependent on the growth process. Governments and markets can both fail t...
This book considers the remarkable transformations that have taken place in India since 1980, a period that began with the assassination of the formidable Prime Minister Indira Gandhi. Her death, and that of her son Rajiv seven years later, marked the end of the Nehru-Gandhi era. Although the country remains one of the few democracies in the developing world, many of the policies instigated by these earlier regimes have been swept away to make room for dramatic alterations in the political, economic and social landscape. Sumit Ganguly and Rahul Mukherji, two leading political scientists of South Asia, chart these developments with particular reference to social and political mobilization, the rise of the BJP and its challenge to Nehruvian secularism and the changes to foreign policy that, in combination with its meteoric economic development, have ensured India a significant place on the world stage.
India's Economic Transition examines the reforms and their impact on the political economy of India. The introduction to the volume analyzes the politics that shaped economic policy during three broad phases--from independence to 1968, between 1969 and 1974, and the period after 1975--leading to the balance of payment crisis of 1991. The book addresses such questions as: What were the economic reforms undertaken after 1991? Why did they occur and how were they sustained? What was the impact of economic reforms on India's political economy? In addition, it includes significant features of the post-reform political economy like the growing importance of Indian federalism; a new politics of regulation governing markets in areas such as telecommunications, power, and stock exchanges; industrial lobbying; trade union activism; and the curious mix of benefits and costs associated with the rise of India's IT sector.
This publication makes a contribution to the literature on economic change by exploring the institutional transition from state-led import substitution to deregulation and globalisation in India, the world's most populous democracy.
As India’s power and prominence rise on the international stage, its longstanding tradition of democracy is under threat. Since establishing a secular and democratic constitution in 1950, India has held elections at the local, state, and national levels with frequent transitions of power between opposing parties. This commitment to democracy has provided political order to a country that is twice the size of Europe and with a stunning array of social and economic divides. Despite this rich tradition, India’s democracy faces an unprecedented threat with the rise of Narendra Modi and his Hindu nationalist party, the Bharatiya Janata Party. After decisively winning general elections in 2014...
Global governance involves the exercise of power, beyond a single state, to influence behaviour, to generate resources, or to allocate authority. Regulatory structures, and law of all kinds, increasingly shape the nature, use, and effects of such power. These dynamic processes of ordering and governance blend the extra- national with the national, the public with the private, the political and economic with the social and cultural. Issues of effectiveness, justice, voice, and inequality in these processes are growing in importance. This series features exceptional works of original research and theory-both sector-specific and conceptual-that carry forward the serious understanding and evaluation of these processes of global governance and the role of law and institutions within them. Contributions from all disciplines are welcomed. The series aims especially to deepen scholarship and thinking in international law, international politics, comparative law and politics, and public and private global regulation. A major goal is to study governance globally, and to enrich the literature on law and the nature and effects of global governance beyond the North Atlantic region. Book jacket.
This volume examines the tangled relationship between globalization and governance through the lens of India’s domestic politics, structures, institutions and policies. The contributors to this volume draw attention to the interconnectedness of global and domestic processes. In doing so, this volume also captures the evolving dynamics of state-society-market relations. A unique blend of papers, the collection brings out the complex interplay and interconnections between global trends, domestic politics and governance challenges in explaining both the persistence of policy reforms, as well as institutional change. In this light, the volume examines the role of socio-political processes and ...
The 1955 Asian-African conference (the "Bandung Conference") was a meeting of 29 Asian and African nations that sought to draw on Asian and African nationalism and religious traditions to forge a new international order that was neither communist nor capitalist. It led six years later to the non-aligned movement. Few would dispute the notion that the inaugural meeting in 1955 was a watershed in international history, but there is much disagreement about its long-term legacy and its significance for present-day international affairs. Determining the what, why and how of this monumental event remains a challenge for students of the Conference and of Third World international politics. Was it a post-colonial ideological reaction to the passing of the age of empire or an innovative effort to promote a new regionalism based on mutual goodwill and strong regional ties? Were its principles of peaceful coexistence a rhetorical flourish or a substantive policy initiative? Did the Conference help define North-South relations? And in what way did the Conference contribute to the regional order of contemporary Asia? -- Back cover.
This reader, the third in the Critical issues in Indian politics series, deals with the political and economic processes that shaped the reform initiatives in India since 1991.
Globalization and Deregulation makes a contribution to the literature on economic change by exploring the institutional transition from state-led import substitution to deregulation and globalization in the world's most populous democracy-India. It proposes a largely internally driven 'tipping-point' model of economic change, which is in sharp contrast to the 'punctuated equilibrium' model of sudden exogenous shocks that drive transformations. Indian economists have provided excellent arguments about the need for change and have described changes that have occurred. This literature is essential for understanding how new economic ideas are born. But it does not explain the process of economic...