Political Economy of Reforms in India: Oxford India Short Introductions

Rahul Mukherji
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Rahul Mukherji: Associate Professor, South Asian Studies Programme, National University of Singapore, Singapore
Authors registered in the RePEc Author Service: Om Prakash Kumar

in OUP Catalogue from Oxford University Press

Abstract: Political Economy of Reforms in India discusses the political economy of the country's growth, globalization, and welfare. It finds that the political economy of growth and globalization are intimately connected. And, the political economy of welfare, though dependent to a much greater extent on state intervention than growth, is critically dependent on the growth process. Governments and markets can both fail to deliver. Understanding the political process of economic change is critical for evolving a view about the importance of governments and markets in economic activity. This book highlights the critical importance of political economy during the course of development. Economic ideas about growth, globalization, and welfare have to traverse a political distance before citizens can benefit from economic institutions and policies. Mukherji reviews the importance of various factors that affect economic change in India and finds that the way the government, especially its technocrats, think is important for producing change.

Date: 2014
ISBN: 9780198087335
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