After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid growth than India at over 6 percent per year in the 1990s and two had the same as India's.
In this study, T. N. Srinivasan and Suresh D. Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system.The study covers the historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations including proposals that India could make at the ongoing Doha Round of multilateral trade negotiations.
- Cover
- Contents
- Preface
- Acknowledgments
- Chapter 1 Introduction: Macroeconomic Crisis and Radical Reforms
- Polity and Society
- Economic Development Strategy and Performance: An Overview
- Chapter 2 India in the World Trading System: A Quantitative Assessment
- Economic Nationalism and Autarchic Industrialization, 1950-73
- Piecemeal Deregulation, 1974–91
- The Crisis of 1991: A Turning Point
- India’s Exports in Asian Perspective
- Invisibles in India’s Current Account and Software Exports
- Chapter 3 India in the GATT and the WTO
- The Uruguay Round
- TRIPS and India
- India and the New Round of Multilateral Trade Negotiations
- The Failed Ministerial at Seattle
- Labor, Environmental Standards, and the WTO: Key Misconceptions
- India and Multilateral Trade Negotiations after Doha
- Appendix 3.1 Origins and Founding of the GATT
- Chapter 4 Domestic Constraints on International Participation
- Macroeconomic Management of the Economy
- Physical Infrastructure Constraints
- Financial Intermediation
- Enhancing Flexibility for Industrial Restructuring
- Conclusion
- Chapter 5 Conclusions and the Tasks Ahead
- The First Generation of Reforms: Achievements and Problems
- Tasks Ahead
- India and the Global Trading Environment
- Conclusion
- References
- Index
Texte
Audio
Adobe DRM
Connectez-vous à votre compte