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Item Details
| Title:
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GLOBALIZATION AND INDIA'S ECONOMIC INTEGRATION
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| By: |
Baldev Raj Nayar |
| Format: |
Electronic book text |
| List price:
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£27.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1626161089 |
| ISBN 13: |
9781626161085 |
| Publisher: |
GEORGETOWN UNIVERSITY PRESS |
| Pub. date: |
12 November, 2014 |
| Series: |
South Asia in World Affairs series |
| Pages: |
316 |
| Description: |
A common critique of globalization is that it causes economic segmentation and even disintegration of the national economy. Baldev Raj Nayar's examination of India's political economy challenges this critique by demonstrating that, on balance, the active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform, and the inherently expanding character of the market in areas such as trade, investment, entrepreneurship, and migration have resulted in improved economic integration and not increased segmentation. While globalization offers benefits such as higher economic growth as well as costs like external shocks, Nayar's findings show that India has benefited from globalization rather than having been victimized by it since its economic opening. |
| Synopsis: |
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.Globalization and India's Economic Integration shows how globalization's pressures favoring efficiency paradoxically induced the state to push for consolidation on a pan-Indian scale in the area of fiscal federalism and to advance the cause of the common market through reforming the indirect tax system; meanwhile, the state has pressed forward with social inclusiveness as never before in its economic planning. For another, the market, too, has been instrumental, because of its widened scope and its inherently expanding character, in strengthening economic integration through trade expansion, diffusion of industry, and increased inter-state migration. Nayar's groundbreaking work will interest students, scholars, and specialists of India, South Asia, globalization, and political economy. |
| US Grade: |
College Graduate Student and over |
| Illustrations: |
2 Figures; 39 Tables, unspecified |
| Publication: |
US |
| Imprint: |
Georgetown University Press |
| Returns: |
Non-returnable |
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