Discrimination or Social Networks? Industrial Investment in Colonial India

Bishnupriya Gupta

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: Industrial investment in Colonial India was segregated by the export oriented industries, such as tea and jute that relied on British firms and the import substituting cotton textile industry that was dominated by Indian firms. The literature emphasizes discrimination against Indian capital. Instead informational factors played an important role. British entrepreneurs knew the export markets and the Indian entrepreneurs were familiar with the local markets. The divergent flows of entrepreneurship can be explained by the comparative advantage enjoyed by social groups in information and the role of social networks in determining entry and creating separate spheres of industrial investment.

Date: 2013
New Economics Papers: this item is included in nep-his and nep-soc
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http://www2.warwick.ac.uk/fac/soc/economics/resear ... s/111.2013_gupta.pdf

Related works:
Journal Article: Discrimination or Social Networks? Industrial Investment in Colonial India (2014)
Working Paper: Discrimination or Social Networks? Industrial Investment in Colonial India (2013)
Working Paper: Discrimination or Social Networks? Industrial Investment in Colonial India (2013)
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