Political Economy of Reforms in India(English, Paperback, Mukherji Rahul)

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Political Economy of Reforms in India(English, Paperback, Mukherji Rahul) is written by Mukherji Rahul and published by OUP India. It's available with International Standard Book Number or ISBN identification 0198087330 (ISBN 10) and 9780198087335 (ISBN 13).

Political Economy of Reforms in India discusses the political economy of the country's growth, globalization, and welfare. It finds that the political economy of growth and globalization are intimately connected. And, the political economy of welfare, though dependent to a much greater extent on state intervention than growth, is critically dependent on the growth process. Governments and markets can both fail to deliver. Understanding the political process of economic change is critical for evolving a view about the importance of governments and markets in economic activity. This book highlights the critical importance of political economy during the course of development. Economic ideas about growth, globalization, and welfare have to traverse a political distance before citizens can benefit from economic institutions and policies. Mukherji reviews the importance of various factors that affect economic change in India and finds that the way the government, especially its technocrats, think is important for producing change.