Download or read book Financial Liberalization and the New Dynamics of Growth in India written by C. P. Chandrasekhar and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Gains and Pains of Financial Integration and Trade Liberalization written by Rajib Bhattacharyya and published by Emerald Group Publishing. This book was released on 2019-11-26 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.

Download or read book India Rising written by Gaobo Pang and published by World Bank Publications. This book was released on 2007 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent years accelerating to 9 percent. Yet by 2005-06, the general government debt-to-GDP ratio was 34 percentage points higher than in the 1980s. The authors examine the links between public finances and growth in the post-1991 period. They argue that the main factor in the deterioration of government debt dynamics after the mid-1990s was a reform-induced loss in trade, customs, and financial repression taxes. Over time, these very factors plus lower entry barriers have contributed to stronger microfoundations for growth by increasing competition and hardening budget constraints for firms and financial sector institutions. The authors suggest that the impressive growth acceleration of the past few years, which is now lowering government indebtedness, can be attributed to the lagged effects of these factors, which have taken time to attain a critical mass in view of India's gradual reforms. Similarly, the worsening of public finances during the late 1990s can be attributed to the cumulative effects of tax losses, the negative growth effects of cuts in capital expenditure that were made to offset the tax losses, and a pullback in private investment (hence, growth and taxes), a situation which is now turning around. Insufficient capital expenditures have contributed to the infrastructure gap, which is seen as a constraint especially for rapid growth in manufacturing. The authors discuss ongoing reforms in revenue mobilization and fiscal adjustment at the state level, which if successfully implemented, will result in a better alignment of public finances with growth by generating further fiscal space for infrastructure and other development spending.

Download or read book The Dynamics of Economic Growth and the Nexus Between Financial Development and Economic Growth in India written by Premraj Dhanasekaran and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Liberalization Financial Instability and Economic Development written by Yılmaz Akyüz and published by Anthem Press. This book was released on 2014-05-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. ‘Liberalization, Financial Instability and Economic Development’ challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.

Download or read book Changing Contexts and Shifting Roles of the Indian State written by Anthony P. D’Costa and published by Springer. This book was released on 2019-04-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically discusses the changing relationship between the Indian state and capital by examining the mediating role of society in influencing developmental outcomes. It theorizes the state’s changing context allowing the discussion of its pursuit of contradictory economic and social welfare goals simultaneously. Both structural and ideological factors are argued to contribute to a shifting context, but the centrality of re-distributive politics and the contradictions therein explain a lot of what the state does and cannot do. The book also examines what the state aspires to do but structurally cannot accomplish either because of the scale of the problem or the dysfunctionality that sets in with continuous reforms. The collection provides rich evidence on the contested forms of governance arising from changing contexts and shifting roles of the state. Readers will benefit from this recasting of the Indian state in terms of the actual forms of intervention today. Changing Contexts and Shifting Roles of the Indian State is a timely book. At a time when the question of the role of the state in promoting more inclusive forms of development has never been more urgent, this book provides a range of powerful and insightful case studies of how a changing Indian capitalism is impacting and in turn being impacted by the multi-stranded role of the Indian state. Patrick Heller, Professor of Sociology and International Affairs, Brown University, Providence. Since the early 1990s, the Indian economy has moved away from a statist model of development to a more market-oriented one. However, very little scholarship exists that attempts to analyse India’s recent development experience from a political economy lens. This book, which is edited by two of India’s reputed scholars in the political economy of development, addresses this important gap in the literature. It provides an insightful account of the role of the state and the market in India’s economic resurgence in the last three decades. The book also contributes to a fresh understanding of what is meant by a twenty-first century developmental state in a globalised world. The book will be valuable reading for all scholars of India, as well as to researchers in the political economy of development. Kunal Sen, Director, United Nations University – World Institute for Development Economics Research (UNU-WIDER), Helsinki. This collection gives us a richer and more layered understanding of the Indian contemporary State. Rather than see the State as an unchanging entity with unchanging interests, the book argues that the role of the State changes with the context and with the change in political regime. Thus, taking contradictory decisions such as greater dispossession of land from the peasantry and expansion of the universe of economic rights is explainable. The argument is that we can have a better understanding when we see the Indian State as dealing with the ebb and flow of a democracy. C. Rammanohar Reddy, Former Editor, Economic and Political Weekly, Mumbai.

Download or read book India s Emerging Financial Market written by Tomoe Moore and published by Routledge. This book was released on 2007-09-27 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1990s, financial liberalization started in India, and it was thought that such reforms would increase economic growth. This argument formed part of the finance led industrialization hypothesis and although higher growth resulted, higher industrialization did not immediately. This book is the first study to comprehensively apply the flow of funds model for India. Using detailed data of the Indian economy, the whole financial sector is presented with associated policy simulation for India. The demand function is theoretically grounded in the Almost Ideal Demand System and cointegration techniques are adapted into the econometric methodology. The policy simulation experiments are conducted with a view to analyzing the delivery of loanable funds to sectors which are the most in need of poverty-reducing economic growth. The system-wide simulation as a result of interactions with disaggregated economic sectors will allow the analysis of a wide spectrum of policy effects on issues such as the determinant of interest rates, financial capital formulation, and the role of financial institutions, government debt and allocation of credit. India's Emerging Financial Market provides a thorough and rigorous analysis of policy responses in India and will be of interest to academics working on development economics in general and South Asia in particular.

Download or read book The State in India after Liberalization written by Akhil Gupta and published by Routledge. This book was released on 2010-10-04 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the impact of liberalization on practices of government and relations between state and society. It is clear that liberalization as state policy has complex forms of regulation and deregulation inbuilt, and these policies have resulted in dramatic increases in productivity and economic wealth but also generated spectacular new forms of inequality between social groups, regions, and sectors. Through a detailed examination of the Indian state, the contributors - all experts in their respective fields - explore questions such as: Have the new inequalities resulted in greater social unrest and violence? How has the meaning of citizenship changed? What will the long-term effects of regional economic imbalances be on migration, employment, and social welfare? Will increasing federalism result in new problems? Will smaller governments be more effective in providing basic necessities such as clothing, housing, food, water, and sanitation to citizens? What does liberalization mean to Indians in cities and villages, in small towns, and metropolises, in poor, middle class, or wealthy homes? Are concepts like social capital, decentralization, private enterprise, and grass-roots globalization effective in analyzing the post-liberalization state, or are new concepts needed? By focusing on what specifically has changed about the state after liberalization in India, this volume will shed light on comparative questions about the process of neoliberal restructuring across the world. As such, it will be of interest to scholars of a variety of disciplines, including sociology, anthropology, political science, geography, international studies, public policy, environmental studies and economics.

Download or read book Financial Liberalization Development and Industrial Growth written by D.H. Manjappa and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development economists have long recognized the role of the financial system in the process of economic development. Financial institutions and markets anticipate future growth opportunities, were financial development tends to accelerate growth through new firm formation, increasing access to external financing and boost firm growth. Using Industry level time series data, following Rajan and Zingales (1998), methodology we empirically examined the links between financial sector development, financial structure and industry growth for the post-reform period. The results suggest a positive influence of financial development (FD), and negative influence of financial structure (FS), on the rate of growth of value added of the Industries. One of the contributions of this study is the examination of the influence of industry competitiveness (export intensity and import intensity) and financial liberalization on industry growth where export oriented industries are relatively more dependent on external finance for their growth. Regarding liberalization the results doesn't show any direct effect on industry growth in value added.

Download or read book The Intelligent Person s Guide To Liberalization written by Amit Bhaduri and published by Penguin UK. This book was released on 2000-10-14 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lucid analysis of the 'revolutionary' changes in the Indian economy Faced with a major economic crisis in 1990-91, the government responded by initiating far-reaching policy reforms aimed at opening up the country's economy. Since then there has been little discussion on key issues and much political posturing. In this important book two of India's leading economists rescue the current economic debate from jargon and dogma and present it in language accessible to ordinary Indians who, finally, must bear the brunt of the reforms. Cutting through the euphoria and hype that prevent any serious appraisal of liberalization, they highlight the advantages of a free market as also the grave dangers of unquestioning reliance on market forces in a developing country which is home to the largest number of the world's poor. They argue for a flexible system that will adapt to changes in society and polity, a system where both the market and the State must play a role. Eschewing the extreme positions of both the left and the right, this book seeks to encourage a serious reappraisal of the country's bold experiment with privatization, for, as the authors put it, 'doubt is as important as knowledge in the design of economic policy'.

Download or read book The Process of Financial Liberalization in India written by Kunal Sen and published by . This book was released on 1997 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the process of financial liberalization in India in the post-1991 period. The authors detail the key changes in each segment and market, and hypothesize possible paths that different constituents of the financial sector may take in the future.

Download or read book Analytical Issues in Trade Development and Finance written by Ambar Nath Ghosh and published by Springer. This book was released on 2014-07-08 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book’s 30 chapters are divided into three sections – international trade, economic development, macroeconomics and finance – and focus on the frontier issues in each. Section I addresses analytical issues relating to trade-environment linkage, capital accumulation for pollution abatement, possibility of technology diffusion by multinational corporations, nature of innovation inducing tariff protection, effects of import restriction and child labour, the links between exchange rate, direction of trade and financial crisis—the implications for India and global economic crisis, financial institutions and global capital flows and balance of payments imbalances. Section II consists of discussions on the causes of widespread poverty persisting in South Asia, development dividend associated with peace in South Asia, issues of well-being and human development, implications for endogenous growth through human capital accumulation on environmental quality and taxation, the rationale for a labour supply schedule for the poor, switching as an investment strategy, the role of government and strategic interaction in the presence of information asymmetry, government’s role in controlling food inflation, inter-state variations in levels and growth of industry in India, structural breaks in India’s service sector development, and the phenomenon of wasted votes in India’s parliamentary elections. Section III deals with the effectiveness of monetary policy in tackling economic crisis, the effective demand model of corporate leverages and recession, the empirical link between stock market development and economic growth in cross-country experience in Asia, an empirical verification of the Mckinnon-Shaw hypothesis for financial development in India, the dynamics of the behaviour of the Indian stock market, efficiency of non-life insurance companies, econometric study of the causal linkage between FDI and current account balance in India and the implications of contagious crises for the Indian economy.

Download or read book Economic Liberalization Industrial Structure and Growth in India written by Ashok S. Guha and published by Oxford University Press, USA. This book was released on 1990 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected contributions from a national seminar held at Jawaharlal Nehru University, New Delhi about economics, industry and growth in India.

Download or read book Emerging Market Economies and Financial Globalization written by Leonardo E. Stanley and published by Anthem Press. This book was released on 2018-03-15 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.

Download or read book Saving Investment and Economic Growth in India written by Sachin Kumar and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper empirically analyses the relationship between Saving, Investment and Growth rate in India. During the period of Financial Liberalization, the popular view that increases in savings are a necessary condition for economic growth is supported with the detected strong direct links from per worker household and private corporate savings to output in the long run and sectoral per worker savings to investment links in both the short and long run. This implies the need to encourage savings, which is being realised with the estimated significantly higher growth rates in household and private savings during financial liberalization. This paper tries to focus only growth in private saving for the time period 1971-2012. To study this paper, we adopt the recent Time-Series methodology i.e. testing unit roots, Co-Integration developed by Johanson & Jusilius (1991) and to detect the Causality and to short run and long run dynamics we use the VECM methodology. From the analysis, we find that all the variables selected for the study i.e. Private Saving, Investment and M3/GDP are integrated to the order 1(1). Johansen Co-integration Test, LR test indicates 1 co-integrating equation at 5% and 1% level.

Download or read book Economic Liberalization in India written by Deepak Nayyar and published by . This book was released on 1996 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The object of this essay is to provide an analysis and an assessment of economic liberalization in India. It begins with a discussion of the crisis in the economy which surfaced in 1991. It examines the logic and the assumptions of the strategy adopted by the government in response, and sets out a critique based on economic theory and experience elsewhere. It assesses the impact of stabilization on inflation, balance of payments, output, employment and poverty.

Download or read book Home Based Work and Home Based Workers 1800 2021 written by and published by BRILL. This book was released on 2021-11-08 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the Covid-19 pandemic, the home as a workplace became a widely discussed topic. However, for almost 300 million workers around the world, paid work from home was not news. Home-Based Work and Home-Based Workers (1800-2021) includes contributions from scholars, activists and artists addressing the past and present conditions of home-based work. They discuss the institutional and legal histories of regulations for these workers, their modes of organization and resistance, as well as providing new insights on contemporary home-based work in both traditional and developing sectors. Contributors are: Jane Barrett, Janine Berg, Eloisa Betti, Chris Bonner, Eileen Boris, Patricia Coñoman Carrilo, Janhavi Dave, Saniye Dedeoğlu, Laura K Ekholm, Jenna Harvey, Frida Hållander, K. Kalpana, Srabani Maitra, Indrani Mazumdar, Gabriela Mitidieri, Silke Neunsinger, Malin Nilsson, Narumol Nirathron, Åsa Norman, Leda Papastefanaki, Archana Prasad, Maria Tamboukou, Nina Trige Andersen, and Marlese von Broembsen.