ALTERNATIVES TO LIBERALISATION, PRIVATISATION, AND GLOBALISATION: ANALYSIS AND APPRAISAL

S. Shaji

The IUP Journal of Governance and Public Policy, 2008, vol. III, issue 2 & 3, 170-182

Abstract: Liberalisation, Privatisation, Globalisation (LPG) has become the dominant model of growth and development around the world since the mid-1990s, affecting all walks of life, in particular, the economy of nation states. The term ‘globalisation’ refers to the multiplicity of linkages and growing interconnectedness between States and societies leading to the integration of interstate and non-state activities in several spheres across the globe. Two decades of economic reforms have thrown up mixed results and varied points of view. Even though LPG brought benefits to a few, majority of the people were not covered, especially in a developing country like India, which in turn prompted policy makers and scholars to think aloud and look for better alternatives. The present review article analyses selected recent literature on globalisation and offers an assessment of the alternative approaches they offer.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjgp:v:03:y:2008:i:2&3:p:170-182

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