Download or read book The Liberalization Story written by Nikhil Prasad Ojha and published by Random House India. This book was released on 2017-03-29 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why was liberalization important for India? What was its effect on sectors like IT, banking, telecom, etc.? How did it help Indian entrepreneurs build international businesses? And where do we go from here? The Liberalization Story is a selection of essays which explain the most important financial event in modern Indian history and its impact. The book contains candid interviews with decision makers like Montek Singh Ahluwalia and entrepreneurs like Sunil Bharti Mittal and Uday Kotak, who give a ringside view of the changing Indian economy. How did we reach here? The book also looks at the present in the context of our past. It tackles some important questions to explain the overall Indian economy today: What led to the rise of private equity; how did the dynamics of family businesses change; how did MNCs conquer the Indian market; how did the Indian middle class change; what led to the digital wave; what led to India leapfrogging to innovation, among many others. A highly readable book which shares a holistic view of the twenty-five years of Indian liberalization.
Download or read book Boom bust Cycles and Financial Liberalization written by Aaron Tornell and published by MIT Press. This book was released on 2005 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as Aaron Tornell and Frank Westermann point out in this book, over the last two decades most of the developing countries that have experienced lending booms and busts have also exhibited the fastest growth among MICs. Countries with more stable credit growth, by contrast, have exhibited, on average, lower growth rates. Factors that contribute to financial fragility thus appear, paradoxically, to be a source of long-run growth as well. Tornell and Westermann analyze boom-bust cycles in the developing world and discuss how these cycles are generated by credit market imperfections. They explain why the financial liberalization that allows countries to overcome imperfections impeding rapid growth also generates the financial fragility that leads to greater volatility and occasional crises. The conceptual framework they present illustrates this linkage and allows Tornell and Westermann to address normative questions regarding liberalization policies.The authors also characterize key macroeconomic regularities observed across MICs, showing that credit markets play a key role not only in boom-bust episodes but in the strong "credit channel" observed during tranquil times. A theoretical framework is then presented that explains how credit market imperfections can account for these empirical patterns. Finally, Tornell and Westermann provide microeconomic evidence on the credit market imperfections that drive the results of the theoretical framework, finding that asymmetries between tradables and nontradables are key to understanding the patterns in MIC data.
Download or read book Back Stage written by Montek Singh Ahluwalia and published by . This book was released on 2019-02-05 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tracing the spectacular trajectory of Ahluwalia's life from its humble beginnings in Secunderabad to the corridors of power in New Delhi, this book is a classic insider's account of how the India story was shaped and script Ahluwalia played a key role in the transformation of India from a state-run to a market-based economy, and remained a constant fixture at the top of India's economic policy establishment for an unprecedented period of three decades.
Download or read book Capitalism written by Arundhati Roy and published by Haymarket Books. This book was released on 2014-04-14 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “courageous and clarion” Booker Prize–winner “continues her analysis and documentation of the disastrous consequences of unchecked global capitalism” (Booklist). From the poisoned rivers, barren wells, and clear-cut forests, to the hundreds of thousands of farmers who have committed suicide to escape punishing debt, to the hundreds of millions of people who live on less than two dollars a day, there are ghosts nearly everywhere you look in India. India is a nation of 1.2 billion, but the country’s one hundred richest people own assets equivalent to one-fourth of India’s gross domestic product. Capitalism: A Ghost Story examines the dark side of democracy in contemporary India and shows how the demands of globalized capitalism have subjugated billions of people to the highest and most intense forms of racism and exploitation. “A highly readable and characteristically trenchant mapping of early-twenty-first-century India’s impassioned love affair with money, technology, weaponry and the ‘privatization of everything,’ and—because these must not be impeded no matter what—generous doses of state violence.” —The Nation “A vehement broadside against capitalism in general and American cultural imperialism in particular . . . an impassioned manifesto.” —Kirkus Reviews “Roy’s central concern is the effect on her own country, and she shows how Indian politics have taken on the same model, leading to the ghosts of her book’s title: 250,000 farmers have committed suicide, 800 million impoverished and dispossessed Indians, environmental destruction, colonial-like rule in Kashmir, and brutal treatment of activists and journalists. In this dark tale, Roy gives rays of hope that illuminate cracks in the nightmare she evokes.” —Publishers Weekly
Download or read book Liberalization Hindu Nationalism and the State written by Nikita Sud and published by OUP India. This book was released on 2012-06-21 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this path-breaking account, Nikita Sud critically re-examines the post-independence history and politics of Gujarat, one of India's leading federal units. Today, Gujarat is known for its pioneering role in market liberalization and as the site of ethno-religious strife.
Download or read book India written by Arvind Panagariya and published by Oxford University Press. This book was released on 2008-03-03 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.
Download or read book Remaking U S Trade Policy written by Nitsan Chorev and published by Cornell University Press. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chorev focuses on trade liberalization in the United States from the 1930s to the present as she explores the political origins of today's global economy.
Download or read book India Transformed written by Rakesh Mohan and published by Brookings Institution Press. This book was released on 2018-09-25 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
Download or read book Governing Financialization written by Jack Copley and published by Oxford University Press. This book was released on 2022 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism has become 'financialized'. Since the 1970s, the swelling of financial markets and asset price bubbles has occurred alongside weaker underlying economic growth. Yet financialization was not a spontaneous market development - it was deeply political. States fuelled this process through policies of financial liberalization, and the British state lies at the heart of the story. Britain's radical financial liberalizations in the 1970s and 1980s were instrumental in creating a financialized global economic order in which the City of London emerged as a central hub. But why did the British state propel financialization? The conventional wisdom points to the lobbying power of financial elites and the strength of neoliberal ideology. However, Governing Financialization offers an alternative explanation through an in-depth exploration of declassified state archives. By examining key financial liberalizations in the 1970s and 1980s - including the notorious 'Big Bang' - this book argues that these policies were not part of an intentional scheme to create a new finance-led economic model. Instead, they were designed to address immediate governing dilemmas related to the grinding 'stagflation' crisis and its aftershocks. In this era, British governments found themselves trapped between global competitive pressures to enforce painful domestic adjustment and national political pressures to maintain existing living standards. Financial liberalization was pursued in a trial-and-error manner to navigate this dilemma. By unleashing financial markets, the state hoped to either postpone the worst effects of the crisis, or enact tough economic restructuring in an arm's-length fashion. Financialization was an accidental outcome, not an intentional result.
Download or read book Women the State and Political Liberalization written by Laurie A. Brand and published by Columbia University Press. This book was released on 1998 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brand focuses on three countries--Jordan, Tunisia, and Morocco--with special attention to issues such as access to contraception and abortion, labor, pension, criminal legislation, protection against harassment and violence, and the degree of women's participation in government.
Download or read book Trade Liberalisation and Regional Disparity in Pakistan written by Muhammad Shoaib Butt and published by Routledge. This book was released on 2008-12-04 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first study to distinguish a possible link between trade liberalisation and regional disparities under dissimilar political regimes, such as autocracy and democracy. It uses Pakistan as a case study to draw broader lessons for other developing countries.
Download or read book Reinventing India written by Stuart Corbridge and published by John Wiley & Sons. This book was released on 2013-05-28 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: When India was invented as a "modern" country in the years after Independence in 1947 it styled itself as a secular, federal, democratic Republic committed to an ideology of development. Nehru's India never quite fulfilled this promise, but more recently his vision of India has been challenged by two "revolts of the elites": those of economic liberalization and Hindu nationalism. These revolts have been challenged, in turn, by various movements, including those of India's "Backward Classes". These movements have exploited the democratic spaces of India both to challenge for power and to contest prevailing accounts of politics, the state and modernity. Reinventing India offers an analytical account of the history of modern India and of its contemporary reinvention. Part One traces India's transformation under colonial rule, and the ideas and social forces which underlay the deliberations of the Constituent Assembly in 1946 to consider the shaping of the post-colonial state. Part Two then narrates the story of the making and unmaking of this modern India in the period from 1950 to the present day. It pays attention to both economic and political developments, and engages with the interpretations of India's recent history through key writers such as Francine Frankel, Sudipta Kaviraj and Partha Chatterjee. Part Three consists of chapters on the dialectics of economic reform, religion, the politics of Hindu nationalism, and on popular democracy. These chapters articulate a distinct position on the state and society in India at the end of the century, and they allow the authors to engage with the key debates which concern public intellectuals in contemporary India. Reinventing India is a lucid and eminently readable account of the transformations which are shaking India more than fifty years after Independence. It will be welcomed by all students of South Asia, and will be of interest to students of comparative politics and development studies.
Download or read book The Great Financial Crisis in Finland and Sweden written by Lars Jonung and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nordic financial crisis had it all: a botched liberalization, a huge boom followed by an even bigger bust, massive taxpayer-financed bailouts and, finally, deep long-run gains. The first-class team of scholars mobilized in this book convincingly tell a story that should be carefully studied by economists, bankers and policymakers. After this book, no one should be able to say: If we only knew ! Charles Wyplosz, Graduate Institute of International Studies, Geneva, Switzerland The financial crisis in Scandinavia in the early 1990s was a forerunner of the later world-wide crisis in 2007/8. Although the initial causation was different, the impact on their banks, though more localised, was just as severe. So we can benefit, and already policymakers have done so, from learning the lessons in this book on how to restore shattered banking systems to health. For this we owe a debt of gratitude to the editors, who have put together a series of key papers that emerged from a much larger exercise on the crisis that was earlier reported in four volumes in Swedish and Finnish. Amongst the many studies on current and past financial crises, this is a classic must-read . Charles A.E. Goodhart, London School of Economics, UK The Nordic experience with financial crisis resolution could not be more timely. Everyone cites it as an example of how it should be done , but rarely does one find careful and detailed analysis. Now policymakers and others searching for guidance will know where to look. Barry Eichengreen, University of California, Berkeley, US Following World War II, Nordic countries were commonly regarded as successful and stable economies. This perception was, however, shattered in the early 1990s when Finland and Sweden encountered severe financial crises. Here, the authors explore the symptoms of financial crisis decreasing real income, soaring unemployment and exploding public deficits and their devastating effects. The book compares and contrasts the experiences of Finland and Sweden, then adopts an international perspective, encompassing the experiences of Asia, Latin America, Denmark and Norway. Lessons from the 1990s crisis are drawn, and possible solutions prescribed. The conclusion is that long-term effects of financial crises financial liberalization and integration are not as dramatic as the short-term effects, but may prove to be of greater importance over time. Only the future will show whether these long-term benefits will balance or even outweigh the enormous short-term costs of the crises. Highly relevant to the current international financial crisis currently afflicting the world economy, this timely book will prove invaluable to economists and other social scientists with a general interest in financial crises, and to those with a more specific interest in the evolution and models of Scandinavian economies.
Download or read book Free A Child and a Country at the End of History written by Lea Ypi and published by W. W. Norton & Company. This book was released on 2022-01-18 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shortlisted for the 2021 Baillie Gifford Prize for Non-Fiction Shortlisted for the 2021 Costa Biography Award The Sunday Times Best Book of the Year in Biography and Memoir A Financial Times Best Book of 2021 (Critics' Picks) The New Yorker, Best Books We Read in 2021 Times Literary Supplement Book of the Year 2021 A Guardian Best Book of the Year A reflection on "freedom" in a dramatic, beautifully written memoir of the end of Communism in the Balkans. For precocious 11-year-old Lea Ypi, Albania’s Soviet-style socialism held the promise of a preordained future, a guarantee of security among enthusiastic comrades. That is, until she found herself clinging to a stone statue of Joseph Stalin, newly beheaded by student protests. Communism had failed to deliver the promised utopia. One’s “biography”—class status and other associations long in the past—put strict boundaries around one’s individual future. When Lea’s parents spoke of relatives going to “university” or “graduating,” they were speaking of grave secrets Lea struggled to unveil. And when the early ’90s saw Albania and other Balkan countries exuberantly begin a transition to the “free market,” Western ideals of freedom delivered chaos: a dystopia of pyramid schemes, organized crime, and sex trafficking. With her elegant, intellectual, French-speaking grandmother; her radical-chic father; and her staunchly anti-socialist, Thatcherite mother to guide her through these disorienting times, Lea had a political education of the most colorful sort—here recounted with outstanding literary talent. Now one of the world’s most dynamic young political thinkers and a prominent leftist voice in the United Kingdom, Lea offers a fresh and invigorating perspective on the relation between the personal and the political, between values and identity, posing urgent questions about the cost of freedom.
Download or read book The Outsourcer written by Dinesh C. Sharma and published by MIT Press. This book was released on 2015-03-06 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: A history of how India became a major player in the global technology industry, mapping technological, economic, and political transformations.
Download or read book India After Liberalisation written by Bimal Jalan and published by Harper Collins. This book was released on 2021-01-28 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1991 liberalisation was India's biggest moment in its economic history after independence. As its effects began to percolate into how India lived and worked, the potential it had to lift the country and its millions out of the 'Hindu' rate of growth began to become apparent. Thirty years later, we seem to be on the cusp of a different story. In India after Liberalisation, Bimal Jalan offers a wide-angle view of how liberalisation has shaped up over the intervening decades. What emerges is the story of a country best placed to catch the tide to high growth and a system that, time after time, fails to live up to the challenge of decision making. For any student of economic history or policymaker or participant, who wants to understand why we are where we are, this is a timely, telling and essential guide.
Download or read book Twenty Years of India s Liberalization written by Rashmi Banga and published by . This book was released on 2012 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: At head of title: United Nations Conference on Trade and Development.
