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Industrial Policy Challenges for India
This book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and FDI liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15–16% since the 1980s, India’s policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), ...
After the Storm
After the Storm discusses restructuring and growth strategies adopted in Indonesia, Malaysia, Thailand, and South Korea after the currency and financial crisis of 1997-98. These four Asian economies were the most adversely affected despite achieving rapid growth in the 1970s and 1980s, with low inflation and current account surpluses. Although macroeconomic fundamentals in these countries were relatively sound prior to the crisis, early analyses of the crisis dwelled on the failure of corporate governance, currency controls and immature financial institutions and infrastructure in some countries. The book offers fresh insights into the causes of the crisis and postcrisis restructuring, the growth strategies adopted, and domestic initiatives taken by these countries. It also reveals why reforms recommended by the IMF, World Bank and others were met with resistance, thereby contributing to the ongoing discourse on the effects of globalisation.
Look East, Cross Black Waters
India’s core goals for Southeast Asia are in basic harmony with those of the United States, including regional stability, peaceful settlement of territorial disputes, and containment of radicalism Still, America should not expect India to enter any sort of alliance, nor join any coalition to balance against China, but should demonstrate strategic patience and willingness to cultivate a long-term relationship.
Neoliberalism and Conflict In Asia After 9/11
Key events in Asia’s recent history have included the end of the Cold War, the Asian Economic Crisis and the ‘war on terror’. This is a critical assessment of these events, and of the interplay of security and economics in shaping political regimes and modifying market systems. Based on the notion that market systems are inherently political and conflict-ridden, this collection clarifies and explains the conflicts shaping the path of neoliberal globalization. Collectively it represents a disciplined and systematic address of four overarching questions: * What are the significant conflicts emanating from neoliberal globalization, and what are their implications? * What are the implicati...
India’s Economy and Society
This book is a collection of fifteen contributions that undertake a detailed analysis of seven broad dimensions of India’s economy and society. All the contributions approach the problems in their respective areas empirically, while being theoretically informed. The book begins with a section containing detailed and empirically supported chapters on the recent crisis in India’s agricultural sector and the reforms in the agricultural markets. Another section is dedicated to the issue of infrastructure financing, and new ways of financing large infrastructural projects are critically examined. Other sections are related to innovations and technology impacts on industry; international trade...
