Globalization, Labor Markets and Inequality in India


Book Description

India's increased exposure to world markets and relaxation of domestic controls has given a spurt to the GDP growth rate, but its impact on poverty, inequality and employment have been controversial. This book examines these aspects of the post-reform scene, discerning the changes in trends which the new developments have created.




India


Book Description

At the end of the twentieth century, India has been transformed by global economic forces. 'India: Globalization and Change' examines the political and social changes taking place in India as a result of market liberalisation and integration into the world economy. Concentrating on the period since the emergence of market-dominated capitalism in India in the early 1990s, this up-to-date book highlights the effects of globalization on nearly all corners of Indian life. Rather than seeking explanation through referring to the past and traditions, this book concentrates on the modernising forces at work in India through an analysis of our major themes: caste, class, religion and gender. The author also considers the widening divisions in Indian society in relation to the overseas influence (through education and work) on elites and the increasing regionalism of other groups. This book discusses contemporary issues in Indian life (including environmental problems, emigration, and the anti-nuclear movement) and integrates this discussion into an examination of the new structures emerging from an increasing dependence on global markets. By bringing together the many strands that make up India at the dawn of the twenty-first century, the author provides an innovative perspective on this huge and diverse subcontinent.




India's Globalization


Book Description

This study systematically evaluates the economic consequences of globalization for India in the light of the attack of the critics against globalization on grounds of economic stagnation, ?deindustrialization,? ?denationalization,? destabilization, and impoverishment. On the basis of abundant qualitative and quantitative data, it strongly repudiates the case of the critics, and demonstrates that India has been a significant beneficiary of the globalization process. Instead of economic stagnation, India has seen acceleration in its average annual rate of economic growth. Instead of deindustrialization, there has been substantial industrial growth and, indeed, acceleration in the industrial growth rate.Instead of denationalization, business in India is now more competitive and is venturingforth into the global market; increased imports and the entry of foreign multinationalshave not swamped it; essentially, India is master of its own destiny. Instead of economicdestabilization, there has been since the paradigm shift in economic policy in 1991 a marked absence of economic crisis in India. And, instead of impoverishment, India hasseen a long and unprecedented period of welfare enhancement since it began its reintegration into the world economy in 1975; there has been a secular decline in povertysince then, while inequality has not increased much. The policy conclusion that flows from this experience is that India ought to be, in general, more open to globalization in the interest of sustaining the acceleration in economic growth and enhancing the welfare of its people. To this end it should push forward with the reform agenda.This is the twenty-second publication in Policy Studies, a peer-reviewed East-West Center Washington series that presents scholarly analysis of key contemporary domestic and international political, economic, and strategic issues affecting Asia in a policy relevant manner.




Globalization


Book Description

This book is a cogent appraisal of India`s economic reforms by a prominent Leftist commentator. It first discusses the economic perspectives of various international and multilateral agencies as also of multinational companies. It then analyses the policies affecting and performance of various sectors of the economy agrarian, industrial, banking and monetary, state owned enterprises, fiscal, trade, environmental, and labour.




India, China and Globalization


Book Description

The momentum of economic progress in India and China will bring about the next major shift in geopolitics. This book analyzes the economic experience of both countries in the context of development and globalization, and offers insights that could be crucial for development thinking.




Globalization and the Indian Economy


Book Description

Chapter Introduction -- part PART I Global monetary system -- chapter 1 Gold standard to globalization -- chapter 2 Genesis of the philosophy of globalization: New experiment in economic development - from aid to trade and debt to equity -- chapter 3 Financing globalization: Keynes goes international -- chapter 4 US capital market: Trigger for global growth -- chapter 5 Changing face of currency markets -- chapter 6 Lessons from the Asian crisis -- chapter 7 Reform of the IMF -- part PART II The Indian economic experience -- chapter 8 Economic liberalization: A new mantra of development -- chapter 9 Indian economic gradualism -- chapter 10 Financial and capital market reform -- chapter 11 Post-reform BoP and rupee exchange rate -- chapter 12 Capital account convertibility: 1997 report and after -- chapter 13 Towards fuller convertibility -- chapter 14 Fuller convertibility report and future scenario -- chapter 15 Infrastructure development fund.




Bollywood and Globalization


Book Description

This book is a collection of incisive articles on the interactions between Indian Popular Cinema and the political and cultural ideologies of a new post-Global India.




Globalisation and the Indian Economy


Book Description

ABOUT THE BOOK National policies?economic, social and cultural?that until recently were determined by the States and people within a country have increasingly come under the influence of international agencies and processes. This has led to the narrowed ability of governments and people to make choices from options in economic, social and cultural policies. Globalisation implies widening and deepening integration with the globe, i.e. with people and processes abroad. Globalisation is widely seen as the most important factor that could influence economies of nations the world over in the new millennium. The rapid advancement in information technology and communications has made it not just possible but absolutely essential for economies of the world to adapt or fall by the wayside. The socio-economically disadvantaged are yet to benefit from globalisation. The challenge to overcome the scourge of poverty remains a daunting task. The support of the poor for reforms and their involvement in the development process can be achieved only if they start benefiting from government policies. On the positive side, globalisation has compelled developing countries to improve overall economic management, and make their economies efficient. Despite distortions and aberrations, globalisation is a reality. Developments in information and communication technologies are unifying markets and people, cutting across barriers of space and time. This volume is a collection of 26 academic and research papers contributed by scholars in the field belonging to reputed universities and centres of academic excellence in India. This work, it is hoped, will generate meaningful debate and discussion on this topical subject affecting the lives of the people across the board




Provincial Globalization in India


Book Description

The movement of people from small towns and villages of India to places outside the country raises a number of questions– about the networks that enable their mobility, the aspirations that motivate them, what they give back to their home regions, and how their provincial home worlds engage with and absorb the consequent transnational flows of money, ideas, influence and care. This book analyzes the social consequences of the transmission of migrant resources to provincial places in India. Bringing together case studies from four regions, it demonstrates that these flows are very diverse, are inflected by regional histories of mobility and development, and may reinforce local power structures or instigate social change in unexpected ways. The chapters collected in this volume examine conflicts over migrant-funded education or rural development projects, how migrants from Dalit, Muslim and other marginalized groups use their new wealth to promote social progress or equality in their home regions, and why migrants invest in property in provincial India or return regularly to their ancestral homes to revitalize ritual traditions. These studies also demonstrate that diaspora philanthropy is routed largely through social networks based on caste, community or kinship ties, thereby extending them spatially, and illustrate how migrant efforts to ‘develop’ their home regions may become entangled in local politics or influence state policies. This collection of eight original ethnographic field studies develops new theoretical insights into the diverse outcomes of international migration and the influences of regional diasporas within India. These collected studies illustrate the various ways in which migrants remain socially, economical and politically influential in their home regions. The book develops a fresh perspective on the connections between transnational migration and processes of development, revealing how provincial India has become deeply globalized. It will be of interest to academics and students in the fields of anthropology, geography, transnational and diaspora studies, and South Asian studies.




Reintegrating India with the World Economy


Book Description

After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid growth than India at over 6 percent per year in the 1990s and two had the same as India's. In this study, T.N. Srinivasan and Suresh D. Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system.The study covers the historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations including proposals that India could make at the ongoing Doha Round of multilateral trade negotiations.