Catalogue


Reforms and economic transformation in India /
edited by Jagdish Bhagwati, Arvind Panagariya.
imprint
New York : Oxford University Press, c2013.
description
xiv, 292 p.
ISBN
0199915202 (cloth : alk. paper), 9780199915200 (cloth : alk. paper)
format(s)
Book
Holdings
More Details
imprint
New York : Oxford University Press, c2013.
isbn
0199915202 (cloth : alk. paper)
9780199915200 (cloth : alk. paper)
catalogue key
8649633
 
Includes bibliographical references and index.
A Look Inside
Full Text Reviews
Appeared in Choice on 2013-04-01:
This is the second volume in the "Studies in Indian Economic Policies" series, which examines India's 1991 economic reforms. Like the first volume, India's Reforms: How They Produced Inclusive Growth (CH, Dec'12, 50-2183), this work is also edited by Bhagwati and Panagariya, two prominent economic scholars at Columbia University. Its main focus is on how the 1991 economic reforms have affected India's industrial structure to as recently as 2009. Considerably less space is given to the social effects here than in the first volume. The first two parts investigate the reforms and transformation within the manufacturing sector, and within and across enterprises. The third part returns to the focus of the earlier volume, namely, the beneficial effects of the 1991 reforms on India's scheduled castes and scheduled tribal people, called dalits. As was the first volume, this one too is highly analytical. In essence, it gives additional empirical testimony to the mostly positive results of the 1991 reforms that included privatizing, delicensing, encouraging foreign investment, liberalizing international trade, and reforming the private sector. Some articles discuss remaining impediments to continued inclusive growth and prosperity. The index helps greatly with numerous acronyms. Summing Up: Highly recommended. Upper-division undergraduate through research collections. D. D. Miller Baldwin-Wallace College
Reviews
Review Quotes
"This is the second volume in the 'Studies in Indian Economic Policies' series, which examines India's 1991 economic reforms. Its main focus is on how the 1991 economic reforms have affected India's industrial structure to as recently as 2009. As was the first volume, this one too is highly analytical. In essence, it gives additional empirical testimony to the mostly positive results of the 1991 reforms that included privatizing, delicensing, encouraging foreign investments, liberalizing international trade, and reforming the private sector. Some articles discuss remaining impediments to continued inclusive growth and prosperity. The index helps greatly with numerous acronyms. Highly recommended. Upper-division undergraduate through research collections."--CHOICE
This item was reviewed in:
Choice, April 2013
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Summaries
Main Description
Reforms and Economic Transformation in Indiais the second volume in the seriesStudies in Indian Economic 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 acknowledge the benefits that accelerated growth has brought them and as voters, they now reward the governments that deliver superior economic 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 not been as substantial as seen in other reform-oriented economies 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 economy 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, non-farm workers are overwhelmingly in the informal sector. Against this background, the nine original essays by eminent economists 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.
Table of Contents
Series Editors' Notep. ix
Prefacep. xi
List of Contributorsp. xiii
Introductionp. 1
Reforms and the Transformation within Manufacturing and Services
Labor Regulations and Firm Size Distribution in Indian Manufacturingp. 15
Complementarity between Formal and Informal Manufacturing in India: The Role of Policies and Institutionsp. 49
Services Growth in India: A Look Inside the Black Boxp. 86
Organized Retailing in India: Issues and Outlookp. 119
Reforms and the Transformation within and across Enterprises
Selling the Family Silver to Pay the Grocer's Bill? The Case of Privatization in Indiap. 141
Variety In, Variety Out: Imported Input and Product Scope Expansion in Indiap. 168
Reforms and the Competitive Environmentp. 200
Reforms and Social Transformation
The Post-reform Narrowing of Inequality across Castes: Evidence from the Statesp. 229
Entrepreneurship in Services and the Socially Disadvantaged in Indiap. 253
Indexp. 279
Table of Contents provided by Ingram. All Rights Reserved.

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