Globalization and nationalism: the changing balance in India's economic policy, 1950-2000
This book provides a new approach to the understanding of economic policy reform by placing it in the context of the perennial conflict between the two historical social forces of economic globalization and economic nationalism. It examines successive attempts over the half century from 1950 to 2000 to change the roles of state and market in the management of the Indian economy. The state, society, and the international system as the key variables together constitute the basic explanatory framework of the study.
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agenda agriculture areas Assocham autarky autonomy balance of payments Bharatiya Janata Party BJP's budget capacity capital capitalist class cent Chidambaram coalition government competition Congress Party consensus CPI(M critical democracy devaluation developed countries domestic dominant earlier economic crisis economic nationalism economic policy reform economic strategy economic theory economists elections electoral export pessimism external favour FICCI Finance Minister fiscal deficit forces foreign investment foreign MNCs framework globalization groups growth heavy industry strategy ideological important increase India India's economic Indian business Indian industry inflation initial interests issue Janata leadership legitimacy Mahalanobis model major Manmohan Singh ment million nationalist Nehru nomic partners period pressures private sector production programme public sector radical Rajiv Gandhi regime result role Second Plan situation social socialist society structural swadeshi takeovers tion trade UF government United Front World Bank world economy