Global order and the new economic policy in India: the (post)colonial formation of the small-scale sector

Anjan Chakrabarti, Ajit Chaudhury and Stephen Cullenberg

Cambridge Journal of Economics, 2009, vol. 33, issue 6, 1169-1186

Abstract: Using a class focused Marxist approach, we elucidate the adopted position of Indian small-scale sector as a devalued other within the adopted development paradigm that accords primacy to Capital and West. In the background of this understanding of small-scale sector, we demonstrate how the New Economic Policy in the era of globalization could be theorized as a tool to obtain the (post) colonial hegemony of capital over the small-scale sector. Copyright The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Date: 2009
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