An alternative model of development? Co-operation and flexible industrial practices in India

Anthony P. D'Costa
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Anthony P. D'Costa: Liberal Studies Program, University of Washington, Tacoma, USA, Postal: Liberal Studies Program, University of Washington, Tacoma, USA

Journal of International Development, 1998, vol. 10, issue 3, 301-321

Abstract: Going beyond the notion of macroeconomic flexibility, this paper argues that flexibility at the firm|industry level is crucial to rapid adjustment to changing economic circumstances. By examining various kinds of Japanese-type flexible industrial practices adopted by a few firms in the Indian automotive industry, I show that aside from promoting competitiveness and externalities, such practices institutionalize co-operation. Developing countries, like India, undergoing economic reforms and requiring industrial investments, need to strengthen such institutional arrangements, thereby ensuring employment security, skill development, and social stability. © 1998 John Wiley & Sons, Ltd.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:10:y:1998:i:3:p:301-321

DOI: 10.1002/(SICI)1099-1328(199805/06)10:3<301::AID-JID423>3.0.CO;2-F

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