Economic Reform in India: Challenges, Prospects, and Lessons

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Nicholas C. Hope
Cambridge University Press, Jan 21, 2013 - Business & Economics - 536 pages
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The essays in this volume are written by leading economists working on the Indian economy. They collectively emphasize the importance of policies and institutions for sustained growth and poverty reduction, stressing that the success of sector-specific policies is vitally dependent on the nature of markets and the functioning of institutions such as those charged with regulating and overseeing critical sectors. Individual contributions assess the role of Indian government policy in several key sectors and emphasize the policies required to ensure improvements in these sectors. The first section discusses aspects of the macro economy; the second deals with agriculture and social sectors; the third with jobs and how labor markets function in agriculture, industry and services; and the fourth with infrastructure services, specifically those of electricity, telecommunications, and transport. The essays are drawn from the most influential papers presented in recent years on Indian economic policy at the Stanford Center for International Development.
 

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Contents

THE MACRO ECONOMY
28
Trade and Foreign Investment
96
The Indian
139
Land Reform Decentralized Governance and Rural Development
203
Contrasting Experiences
222
Indias Higher Education Opportunity
260
An Evaluation
273
Some Aspects of the Trends in Employment and Unemployment
319
Urban Growth and Poverty in India 19832005
371
An Assessment of Indian Telecommunications Reform
405
Managing DemandSide Economic and Political Constraints
455
The Political Economy of Transport Sector Reform
499
Index
527
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About the author (2013)

Nicholas C. Hope has served as Director of the Stanford Center for International Development at Stanford University since 2007; from 2000 to 2007 he was the Center's Deputy Director. Dr Hope joined the World Bank in Washington DC in 1977 and held positions through 2000 as chief of the external debt division, chief of the industry and energy division for Indonesia and the Pacific Islands, country director for China and Mongolia, resident director in Indonesia, and director in the office of the vice president for Europe and Central Asia. He co-edited two volumes in 2003 and 2008 on Chinese policy reform. Dr Hope received his Ph.D. from Princeton University.