POPULISM PAYS?: BRIDGING INSTITUTIONAL VOIDS AT THE BASE OF THE PYRAMID THROUGH DIRECTED INTERVENTION

Bhupesh Manoharan and Krishanu Rakshit
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Bhupesh Manoharan: Indian Institute of Management (IIM) Calcutta, India
Krishanu Rakshit: Indian Institute of Management (IIM) Calcutta, India

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: Populism is an approach which emphasises growth and income distribution while ignoring negative consequences such as inflation, deficit financing, external constraints and the suppression of market policies on account of aggressive non-market interventions. Populism has been described variously as a pathology, a syndrome, a jhumla or an eyewash and has generally been accepted to have negative consequences for society. In this paper, through the case study of Amma Mobiles, a populist policy by the Tamil Nadu Government, we make a case for directed populism, which we define as populistic policies specifically directed at bridging the institutional voids, which curtail the entrepreneurial mindset and the opportunities of the economically and socially marginalized classes.

Keywords: POPULISM; INSTITUTIONAL VOIDS; PYRAMID; INTERVENTION (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:abemcp:023415

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