Locked in Place

Locked in Place PDF Author: Vivek Chibber
Publisher: Princeton University Press
ISBN: 1400840775
Category : History
Languages : en
Pages : 355

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Book Description
Why were some countries able to build "developmental states" in the decades after World War II while others were not? Through a richly detailed examination of India's experience, Locked in Place argues that the critical factor was the reaction of domestic capitalists to the state-building project. During the 1950s and 1960s, India launched an extremely ambitious and highly regarded program of state-led development. But it soon became clear that the Indian state lacked the institutional capacity to carry out rapid industrialization. Drawing on newly available archival sources, Vivek Chibber mounts a forceful challenge to conventional arguments by showing that the insufficient state capacity stemmed mainly from Indian industrialists' massive campaign, in the years after Independence, against a strong developmental state. Chibber contrasts India's experience with the success of a similar program of state-building in South Korea, where political elites managed to harness domestic capitalists to their agenda. He then develops a theory of the structural conditions that can account for the different reactions of Indian and Korean capitalists as rational responses to the distinct development models adopted in each country. Provocative and marked by clarity of prose, this book is also the first historical study of India's post-colonial industrial strategy. Emphasizing the central role of capital in the state-building process, and restoring class analysis to the core of the political economy of development, Locked in Place is an innovative work of theoretical power that will interest development specialists, political scientists, and historians of the subcontinent.

Locked in Place

Locked in Place PDF Author: Vivek Chibber
Publisher: Princeton University Press
ISBN: 1400840775
Category : History
Languages : en
Pages : 355

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Book Description
Why were some countries able to build "developmental states" in the decades after World War II while others were not? Through a richly detailed examination of India's experience, Locked in Place argues that the critical factor was the reaction of domestic capitalists to the state-building project. During the 1950s and 1960s, India launched an extremely ambitious and highly regarded program of state-led development. But it soon became clear that the Indian state lacked the institutional capacity to carry out rapid industrialization. Drawing on newly available archival sources, Vivek Chibber mounts a forceful challenge to conventional arguments by showing that the insufficient state capacity stemmed mainly from Indian industrialists' massive campaign, in the years after Independence, against a strong developmental state. Chibber contrasts India's experience with the success of a similar program of state-building in South Korea, where political elites managed to harness domestic capitalists to their agenda. He then develops a theory of the structural conditions that can account for the different reactions of Indian and Korean capitalists as rational responses to the distinct development models adopted in each country. Provocative and marked by clarity of prose, this book is also the first historical study of India's post-colonial industrial strategy. Emphasizing the central role of capital in the state-building process, and restoring class analysis to the core of the political economy of development, Locked in Place is an innovative work of theoretical power that will interest development specialists, political scientists, and historians of the subcontinent.

Industrial Policy and Economic Development in India

Industrial Policy and Economic Development in India PDF Author: Anup Chatterjee
Publisher:
ISBN: 9788177083101
Category : Business & Economics
Languages : en
Pages : 630

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Book Description
India's development pattern during 1950-80 was characterised by strong centralised planning, Government ownership of basic and key industries, excessive regulation and control of private enterprise, trade protectionism -- through tariff and non-tariff barriers -- and a cautious and selective approach towards foreign capital. It was a quota, permit and license regime guided and controlled by a bureaucracy trained in colonial style. This so-called inward-looking, import substitution strategy of economic development began to be widely questioned with the beginning of 1980s. Policy makers started realising the drawbacks of this strategy which inhibited competitiveness and efficiency and produced a much lower rate of growth than expected. Tilt towards economic liberalisation started in 1985 when Government announced a series of measures aimed at deregulation and liberalisation of industry. These measures, described as New Economic Policy, were followed by drastic changes introduced by the 1991 Industrial Policy Statement of the Government. As a result of economic reforms of the last 20 years, India is presently one of worlds fastest growing economies. In the last few years, it has emerged as a global economic power, the leading outsourcing destination and a favourite of international investors. Indian industry has upgraded technology and product quality to a significant degree and met the challenge of openness after being protected for so long. The Approach Paper to the Twelfth Five Year Plan (2012-13 to 2016-17) released by the Planning Commission, Government of India in October 2011 expressed concern at the slow growth of the manufacturing sector and emphasised "the need to sharply change the growth trajectory of Indias manufacturing sector" by adopting a holistic appraisal of what needs to be done to improve its competitiveness. This book contains 15 chapters which trace developments in different aspects of industrialisation during the post-Independence period, explain the key reform measures undertaken for making Indian industry internationally competitive and examine current issues pertaining to this vital sector of the Indian economy. The book also contains the following 5 appendices: Appendix 1: Industrial Policy Resolution, 1956. Appendix 2: Statement on Industrial Policy, July 24, 1991. Appendix 3: Year-wise Review of Industrial Developments in India: 1947-48 to 2011-12. Appendix 4: Edited Extracts from Indias Five Year Plans on Industry (I to XII Plan). Appendix 5: Glossary of Industrial Terms.

The Fourth Industrial Revolution

The Fourth Industrial Revolution PDF Author: Klaus Schwab
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194

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Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

India

India PDF Author: Arvind Panagariya
Publisher: Oxford University Press
ISBN: 0195315030
Category : Business & Economics
Languages : en
Pages : 546

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Book Description
The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.

A Business History of India

A Business History of India PDF Author: Tirthankar Roy
Publisher: Cambridge University Press
ISBN: 1316953262
Category : History
Languages : en
Pages : 314

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Book Description
In recent decades, private investment has led to an economic resurgence in India. But this is not the first time the region has witnessed impressive business growth. There have been many similar stories over the past 300 years. India's economic history shows that capital was relatively expensive. How, then, did capitalism flourish in the region? How did companies and entrepreneurs deal with the shortage of key resources? Has there been a common pattern in responses to these issues over the centuries? Through detailed case studies of firms, entrepreneurs, and business commodities, Tirthankar Roy answers these questions. Roy bridges the approaches of business and economic history, illustrating the development of a distinctive regional capitalism. On each occasion of growth, connections with the global economy helped firms and entrepreneurs better manage risks. Making these deep connections between India's economic past and present shows why history matters in its remaking of capitalism today.

The Oxford Handbook of the Indian Economy

The Oxford Handbook of the Indian Economy PDF Author: Chetan Ghate
Publisher: OUP USA
ISBN: 0199734585
Category : Business & Economics
Languages : en
Pages : 973

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Book Description
India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. This Oxford Handbook reflects India's growing economic importance on the world stage, and features research on core topics by leading scholars to understand the Indian economic miracle and the obstacles India faces in transforming itself into a modern 21st-century economy.

Industralization of China and India

Industralization of China and India PDF Author: Nobuharu Yokokawa
Publisher: Routledge
ISBN: 113409387X
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
This book provides new perspectives on recent Asian dynamism which go beyond the mainstream views, by attempting to situate the recent economic expansion within a broader analysis of capitalist accumulation and the various processes that it generates both within and across economies. The contributions in the book include analyses of recent growth patterns in both China and India; assessments of the sustainability of such growth and potential constraints and pitfalls; the role of international finance in affecting both national and international growth and employment patterns; the factors determining particular accumulation strategies and the results of these strategies. These forces within the two economies of China and India are situated within a broader assessment of the impacts on the world economy, by identifying long run tendencies in international capitalism and changing patterns of uneven development. Specific issues emerging within the Asian region are identified, including not just the relations between the three large Asian economies, but also the wider geopolitical implications as well as the political economy of these changes. This book therefore provides a more comprehensive examination of the longer run dynamics of the global capitalist system in which these economies are necessarily destined to play more significant roles in future.

Asia's Next Giant

Asia's Next Giant PDF Author: Alice Hoffenberg Amsden
Publisher: Oxford University Press, USA
ISBN: 9780195076035
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.

India in Transition

India in Transition PDF Author: Jagdish N. Bhagwati
Publisher: Oxford University Press on Demand
ISBN: 9780198288169
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
Jagdish Bhagwati, one of the world's leading economists, offers a fascinating overview of the policies that produced India's sorry economic performance over a third of a century. His analysis puts into sharp focus the crippling effects of the inward-looking, bureaucratic regime that grew to Kafkaesque dimensions, starting in the early 1950s. It provides therefore a coherent and convincing rationale for the economic reforms begun in June 1991 by the new government of PrimeMinister Rao. These reforms, also discussed by Professor Bhagwati, are thus set into historical and analytical perspective. Written with wit and elegance, this text of the 1992 Radhakrishnan Lectures at Oxford is readily accessible to a wide readership.

The State, Industrialization and Class Formations in India

The State, Industrialization and Class Formations in India PDF Author: Anupam Sen
Publisher: Routledge
ISBN: 1351860399
Category : History
Languages : en
Pages : 248

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Book Description
The purpose of this book, first published in 1982, is to probe the nature of the state in India and the role played by it in the evolution of the social economy, particularly in the growth of industry. In fact, the problematic of the state and its relationship with socio-economic progression or regression is a dialectic process. What this book does is attempt to unravel this dialectic, by following the theory and method of Maxism.