Globalization and India's Economic Integration
![]() 316 pp., 6 x 9 Hardcover ISBN: 9781626161078 (1626161070) eBook ISBN: 9781626161085 E-Inspection Request E-Inspection November 2014 LC: 2013046834 Sales Rights: Not for sale in Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, Sri Lanka, and Afghanistan South Asia in World Affairs series EXPLORE THIS TITLE DescriptionTable of Contents Reviews |
Globalization and India's Economic Integration
Baldev Raj Nayar
A common critique of globalization is that it causes economic segmentation and even disintegration of the national economy. Quite to the contrary, Baldev Raj Nayar provides a thorough empirical treatment of India's political economy that challenges this critique by demonstrating that, on balance, both state and market have functioned to attenuate such a disintegrative impact and to accentuate economic integration. The active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform has resulted in improved economic integration and not increased segmentation. Similarly, his investigation of trade, investment, entrepreneurship, and migration suggests tendencies inherent in the market in favor of economic integration, especially when assisted by the state. While globalization has its benefits, such as higher economic growth, and costs, such as external shocks, Nayar's findings show that India has benefited from globalization more than it has been victimized by it. Baldev Raj Nayar is professor emeritus of political science at McGill University. He is the author, coauthor, or editor of nineteen previous books, most recently The Myth of the Shrinking State: Globalization and the State in India. T.V. Paul, Series Editor
Reviews
"This book is an insightful addition to the scholarship on globalization and India."—Political Science Quarterly "Provides a solid analysis of economic change in India and how the country's politics have been changed by it. . . . This discussion provides an outstanding and technical survey highly recommended for any economic and political sciences student."—Midwest Book Review "Baldev Raj Nayar is among the most important analysts of economic change in India. The depth and breadth of his understanding of India's economic globalization is matched by the eloquence of his prose. Every student of Indian development and everyone interested in India's economic rise must read this book."—Sanjaya Baru, director for geo-economics and strategy, International Institute for Strategic Studies "Written by a world-class scholar of both globalization and India, this book conclusively puts to rest the popular critique that integration into the world economy leads to segmentation and disintegration of the national economy. Baldev Raj Nayar systematically and definitively shows how the economic reforms that opened India's economy to the global economy over the last three decades have also led to consolidation and integration within. Carefully researched and lucidly written, this is a must-read for the friends and foes of globalization alike."—Arvind Panagariya, professor of economics and Jagdish Bhagwati Professor of Indian Political Economy, Columbia University Table of Contents Preface I. Introduction 1. Economic Globalization, Segmentation, and Integration 2. India and Globalization: Performance, Perceptions, and Policy 3. Economic Integration Prior to Liberalization II. The State After Economic Liberalization 4. Continuity and Change in Economic Planning 5. Fiscal Federalism: Finance Commission's Adaptation to New Challenges 6. India's Halting March to the Common Market: Reforming the Indirect Tax System III. The Market After Economic Liberalization 7. Trade and Its Integrative Impact 8. Investment and Integration: Polarization versus Diffusion 9. Are We All Vaishyas Now? The Indian Capitalist Class as an Integrative Factor 10. Migration and Integration IV. Summing Up 11. Conclusion Bibliography Index |