Book contents
- Frontmatter
- Dedication
- Contents
- List of Tables and Figures
- Foreword
- Acknowledgements
- Chapter 1 Introduction: A Critical Look at Two Decades of Market Reform in India
- Chapter 2 Development Planning and the Interventionist State versus Liberalization and the Neoliberal State: India, 1989–1996
- Chapter 3 Predatory Growth
- Chapter 4 On Some Currently Fashionable Propositions in Public Finance
- Chapter 5 The Costs of ‘Coupling’: The Global Crisis and the Indian Economy
- Chapter 6 Theorizing Food Security and Poverty in the Era of Economic Reforms
- Chapter 7 Globalization, the Middle Class and the Transformation of the Indian State in the New Economy
- Chapter 8 The World Trade Organization and its Impact on India
- Chapter 9 The Changing Employment Scenario during Market Reform and the Feminization of Distress in India
- Chapter 10 Privatization and Deregulation
- Chapter 11 Macroeconomic Impact of Public Sector Enterprises: Some Further Evidence
- 12 Liberalization, Demand and Indian Industrialization
- Chapter 13 On Fiscal Deficit, Interest Rate and Crowding-Out
- Chapter 14 Going, Going, But Not Yet Quite Gone: The Political Economy of the Indian Intermediate Classes during the Era of Liberalization
- Contributors
Foreword
Published online by Cambridge University Press: 05 April 2014
- Frontmatter
- Dedication
- Contents
- List of Tables and Figures
- Foreword
- Acknowledgements
- Chapter 1 Introduction: A Critical Look at Two Decades of Market Reform in India
- Chapter 2 Development Planning and the Interventionist State versus Liberalization and the Neoliberal State: India, 1989–1996
- Chapter 3 Predatory Growth
- Chapter 4 On Some Currently Fashionable Propositions in Public Finance
- Chapter 5 The Costs of ‘Coupling’: The Global Crisis and the Indian Economy
- Chapter 6 Theorizing Food Security and Poverty in the Era of Economic Reforms
- Chapter 7 Globalization, the Middle Class and the Transformation of the Indian State in the New Economy
- Chapter 8 The World Trade Organization and its Impact on India
- Chapter 9 The Changing Employment Scenario during Market Reform and the Feminization of Distress in India
- Chapter 10 Privatization and Deregulation
- Chapter 11 Macroeconomic Impact of Public Sector Enterprises: Some Further Evidence
- 12 Liberalization, Demand and Indian Industrialization
- Chapter 13 On Fiscal Deficit, Interest Rate and Crowding-Out
- Chapter 14 Going, Going, But Not Yet Quite Gone: The Political Economy of the Indian Intermediate Classes during the Era of Liberalization
- Contributors
Summary
The economics profession in the country has never been as sharply divided as it has been on the issue of ‘liberalization’ and ‘globalization’. The moment we step outside of the economics profession and take cognizance of the views of other social scientists the disquiet among them over the implications of ‘liberalization’ and ‘globalization’ appears even greater than among the economists. And of course if we look at the wider circle of social activists and intellectuals, this disquiet is even greater. Much of this disquiet does not get adequately reflected in the popular print or electronic media. Besides, linguistic subterfuge is disingenuously used by the defenders of neoliberal policies to claim a consensus for it: ‘Everybody is for reforms’, goes the refrain, without mentioning the fact that everybody is not for the neoliberal reforms. The sleight-of-hand appropriation of the term ‘reform’ exclusively for the neoliberal agenda has the desired effect of misleading the unwary into a belief in the universal acceptance of neoliberalism. As a matter of fact, however, we have to honestly accept that we are sharply divided over the desirability of the neoliberal agenda and over the implications of our pursuit of it since the beginning of the '90s.
To be sure, the disquiet over the pursuit of this agenda has grown over time. In the beginning many believed that it would provide a way out of the impasse that the dirigiste strategy had got the economy into, that it would introduce a rule-governed system, admittedly the rules of the market, in the place of rampant cronyism, arbitrariness and corruption of the dirigiste era, and that it would enable us to achieve the remarkable growth rates that China and the other economies of East and Southeast Asia were achieving.
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- Two Decades of Market Reform in IndiaSome Dissenting Views, pp. xiii - xivPublisher: Anthem PressPrint publication year: 2013