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Contrasting Styles of Industrial Reform

Contrasting Styles of Industrial Reform
Author: George Rosen
Publisher: University of Chicago Press
Total Pages: 192
Release: 1992-05
Genre: Business & Economics
ISBN: 9780226726465

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Since World War II, China has had a command economy administered under a dictatorship, while India's democracy has introduced a highly regulated economy. Despite obvious differences in their political systems, each country endured remarkably similar economic problems with respect to industry during the 1960s and 1970s. Both embarked in the 1980s on a series of industrial reforms designed to improve technology and efficiency in the use of resources, as well as to stimulate industrial growth in the face of declining productivity. For economists, the two countries offer an interesting test case for examining similar reform programs launched from disparate political and economic systems. For policymakers concerned with the region's stability, a clear view of the economic futures of these two major powers is paramount. Examining and comparing the reform experiences of China and India up to the present, George Rosen shows that although China enacted more sweeping reform measures and produced more impressive local growth, it also experienced more significant inflationary spurts. Two-thirds of each nation's population was involved in agriculture at the start of the reform period and nearly that many at the conclusion. Ultimately, the effects of the past industrial reforms in both countries in terms of significantly greater industrial employment or well-being of their populations were limited. An important lesson in these findings, argues Rosen, is that they actually reveal more about the political factors that limit and shape economic policy reforms in a dictatorship or democracy than they confirm the virtues of either capitalism or communism.


Economic Reform in China and India

Economic Reform in China and India
Author: C. H. Chai
Publisher: Edward Elgar Publishing
Total Pages: 303
Release: 2006-01-01
Genre: Business & Economics
ISBN: 1845429877

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The authors have produced an outstanding book on economic reforms in China and India. . . This book is a wealth of information on this crucial issue, thus filling this important gap in the literature on economic reform, and also adding more knowledge to the literature on the history of economic development processes in China and India. . . [this book] will be of interest to both scholars of the economic reforms and those more generally interested in the social political changes occurring there. Tulus Tambunan, Journal of Asian Business Economists Chai and Roy have produced a well-written, properly documented study of the comparative development of India and China over the last 50 years. . . The book will be useful to graduate students in Asian studies and economic development. Policy makers in other developing countries can also benefit from this account of the experiences of two major emerging economies under different economic and political systems. Recommended. Graduate, research, and professional collections. J.S. Uppal, Choice Recent acceleration of the Indian economic growth rate from 6 to 8 per cent has sparked worldwide speculation that India is about to catch up with China and become another Asian miracle economy. Economic Reform in China and India examines this prospect, reviewing the development strategies pursued by the two countries over the last 50 years in general and exploring recently introduced reform measures in particular. The culmination of many years of research by specialists in these economies, this book assesses the performance of China and India at both macro and sectoral levels (including economic, social, political and environmental aspects). It illustrates the reasons why China has outperformed India in the past and identifies the obstacles that India will face in its attempts to catch up with China. Providing solutions for China and India that can be applied to other developing countries, this book will be invaluable for researchers, academics and students focussing on economic development and Asian studies. It will also receive much attention from investors and government analysts interested in the strategic implications of the emergence of the two Asian economic giants.


Endogenous Origins of Economic Reforms in India and Chin

Endogenous Origins of Economic Reforms in India and Chin
Author: Rajiv G. Maluste
Publisher: Universal-Publishers
Total Pages: 369
Release: 2011-07
Genre: Business & Economics
ISBN: 1612337538

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'Attitudinal change' in the context of economic reforms has been referred to in Rodrik and Subramanian (2005), DeLong (2003), Kohli (1989), and Panagariya (2004, 2008). This dissertation provides empirical support for this literature, establishing an earlier start for India's economic policy liberalisation than presented in stylized accounts. It demonstrates the endogenous nature of the origins of these policy shifts. 'Attitudinal change' literature had directed attention to the need for further research into India's policy changes of the early 1980s and for studying broader comparability issues in other developing countries. This research makes a contribution towards filling these gaps. This dissertation shows that India started its economic liberalisation under the Indira Gandhi administration from 1980 to 1984. These findings depart from the conventional view that India's economic policy changes were initiated by the Narasimha Rao government in 1991, or by the Rajiv Gandhi administration in the mid to late 1980s. The dissertation establishes that policy shifts of the early 1980s had endogenous origins in the political leadership's attitudinal changes. The Indira Gandhi administration of the early 1980s revisited the statist policies of its previous tenure from 1966 to 1977. The new approach entailed more openness towards private enterprise, scaling back the role of the public sector, and starting India's integration into the global economy. The dissertation also discusses the comparable role of attitudinal changes at the start of China's policy liberalisation led by Deng Xiaoping from 1978 to 1982. It focuses on the significance and challenges faced by China's political leadership in bringing about societal attitudinal change. The dissertation concludes by drawing comparisons between India and China, developing a linkage between their endogenous attitudinal changes and economic policy liberalisation.


Administrative Reform and National Economic Development

Administrative Reform and National Economic Development
Author: Kuotsai Tom Liou
Publisher: Routledge
Total Pages: 268
Release: 2017-10-19
Genre: Political Science
ISBN: 1351792350

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This was first published in 2000: Economic development has become one of the popular public policies in many developing and economic-transforming countries for the past few decades. Public policy makers and researchers have recognized that an effective administrative system is critical to the success of economic development and administrative reform is necessary to promote economic development. This book studies economic development policy by focusing on the relationship between administrative reform and economic development.


Singapore-India Relations

Singapore-India Relations
Author: Mun Cheong Yong
Publisher: NUS Press
Total Pages: 322
Release: 1995
Genre: Business & Economics
ISBN: 9789971691950

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This primer on Singapore-India relations seeks to present a comprehensive framework within which to appreciate the multi-dimensional (namely, the historical, social, political, cultural and economic) facets of Singapore's linkages with India. It includes topics such as The Indian Economy: Past Progress, Recent Reforms and Medium-term Potentials; Singapore-India Economic Relations: Exploring Synergies for Mutual Benefit; Indian Financial System and Development Opportunities; Human Resources Complementarities between Singapore and India; and Legal Framework for Doing Business in India.


American Studies of Contemporary China

American Studies of Contemporary China
Author: David L. Shambaugh
Publisher: Routledge
Total Pages: 451
Release: 2016-09-16
Genre: Social Science
ISBN: 1315484552

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Examines the historical evolution of contemporary China studies in the United States, reflecting the growth and maturation of the field since the Communist Party seized power in 1949.


The India Handbook

The India Handbook
Author: C. Steven LaRue
Publisher: Routledge
Total Pages: 344
Release: 2013-10-23
Genre: Business & Economics
ISBN: 1134269943

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First Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.


Unintended Consequences

Unintended Consequences
Author: Deepak Lal
Publisher: MIT Press
Total Pages: 308
Release: 2001
Genre: Business & Economics
ISBN: 9780262621540

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In this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an accessible, interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future "clash of civilizations," the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important distinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations. Lal's first major theme is the interaction of factor endowments, culture, and politics in explaining modern intensive growth in the West. The other major theme is the role of individualism--an inadvertent legacy of the medieval Catholic Church--in promoting this growth, and the strange metamorphoses this has caused in both the West's cosmological beliefs and the interaction between "the West and the rest." Lal takes account of the relevant literature in history, anthropology, social psychology, evolutionary biology, neurology, and sociology, and the economic history of the regions and cultures that form Eurasia. An appendix shows how the stories Lal tells can be described by four formal economic models.


South Asian Economic Development

South Asian Economic Development
Author: Moazzem Hossain
Publisher: Psychology Press
Total Pages: 292
Release: 1999
Genre: Business & Economics
ISBN: 9780415122887

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The notion that South Asian economies have tended to be less successful than those of East Asia is critically examined and the reasons why discussed. Countries covered include Pakistan, India, Bangladesh and Sri Lanka. Key issues examined: * agriculture and rural development * labour market and human resource development * trade and industry policies * foreign investment and technological capabilities * foreign aid and economic development * financial development and economic performance * poverty, inequality and economic development * regional economic co-operation * 'green' development.


Uneven Development in the Third World

Uneven Development in the Third World
Author: A. Bhalla
Publisher: Springer
Total Pages: 423
Release: 1996-11-26
Genre: Business & Economics
ISBN: 0230376908

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The book defines uneven development in terms of development strategies and their outcomes. Drawing on case-studies from China and India, three types of strategy are discussed: heavy industrialisation, sectoral/regional balance, and economic liberalisation. Also three kinds of outcomes are examined: growth of output and productivity, income, consumption and class inequalities in three spatial dimensions - intra-regional, inter-regional and rural-urban. Furthermore, access to and utilisation of technology, health and educational services are compared.