All listings for this product
Best-selling in Textbooks
Save on Textbooks
- AU $27.54Trending at AU $43.90
- AU $80.99Trending at AU $87.85
- AU $72.90Trending at AU $77.47
- AU $71.88Trending at AU $73.18
- AU $82.89Trending at AU $85.35
- AU $72.90Trending at AU $79.34
- AU $34.77Trending at AU $42.60
About this product
- DescriptionReforms and Ecomic Transformation in India is the second volume in the series Studies in Indian Ecomic Policies. The first volume, India's Reforms: How They Produced Inclusive Growth (OUP, 2012), systematically demonstrated that reforms-led growth in India led to reduced poverty among all social groups. They also led to shifts in attitudes whereby citizens overwhelmingly ackwledge the benefits that accelerated growth has brought them and as voters, they w reward the governments that deliver superior ecomic outcomes and punish those that fail to do so. This latest volume takes as its starting point the fact that while reforms have undoubtedly delivered in terms of poverty reduction and associated social objectives, the impact has t been as substantial as seen in other reform-oriented ecomies such as South Korea and Taiwan in the 1960s and 1970s, and more recently, in China. The overarching hypothesis of the volume is that the smaller reduction in poverty has been the result of slower transformation of the ecomy from a primarily agrarian to a modern, industrial one. Even as the GDP share of agriculture has seen rapid decline, its employment share has declined very gradually. More than half of the workforce in India still remains in agriculture. In addition, n-farm workers are overwhelmingly in the informal sector. Against this background, the nine original essays by eminent ecomists pursue three broad themes using firm level data in both industry and services. The papers in part I ask why the transformation in India has been slow in terms of the movement of workers out of agriculture, into industry and services, and from informal to formal employment. They address what India needs to do to speed up this transformation. They specifically show that severe labor-market distortions and policy bias against large firms has been a key factor behind the slow transformation. The papers in part II analyze the transformation that reforms have brought about within and across enterprises. For example, they investigate the impact of privatization on enterprise profitability. Part III addresses the manner in which the reforms have helped promote social transformation. Here the papers analyze the impact the reforms have had on the fortunes of the socially disadvantaged groups in terms of wage and education outcomes and as entrepreneurs.
- Author BiographyJagdish Bhagwati, University Professor at Columbia University and Senior Fellow in International Economics at the Council on Foreign Relations, is a prominent economist. Arvind Panagariya is Professor of Economics & Jagdish Bhagwati Professor of Indian Political Economy at Columbia University and a Non-resident Senior Fellow at the Brookings Institution.
- Author(s)Arvind Panagariya,Jagdish Bhagwati
- PublisherOxford University Press Inc
- Date of Publication05/04/2013
- SubjectEconomics: Professional & General
- Series TitleStudies in Indian Economic Policies
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintOxford University Press Inc
- Content Note42 illustrations
- Weight588 g
- Width162 mm
- Height237 mm
- Spine21 mm
This item doesn't belong on this page.
Thanks, we'll look into this.