India - The Political Economy of Growth, Stagnation and the State, 1951-2007 (India in the Modern World) pdf epub fb2

India - The Political Economy of Growth, Stagnation and the State, 1951-2007 (India in the Modern World) by Matthew McCartney pdf epub fb2

India - The Political Economy of Growth, Stagnation and the State, 1951-2007 (India in the Modern World) Author: Matthew McCartney
Title: India - The Political Economy of Growth, Stagnation and the State, 1951-2007 (India in the Modern World)
ISBN: 0415673607
ISBN13: 978-0415673600
Other Formats: lit lrf mobi doc
Pages: 308 pages
Publisher: Routledge; 1 edition (April 6, 2011)
Language: English
Category: Other
Size PDF version: 1563 kb
Size EPUB version: 1880 kb
Subcategory: Humanities




Understanding the drivers and inhibitors of economic growth is critical for promoting development in less developed countries, including India. This book examines economic growth in India from 1951 to the present, challenging many accepted orthodox views. It argues that growth and stagnation should be considered over the medium term, and that the precise role of the state – in relation to particular historical and political-economic circumstances – is more important than the overall level of state involvement or disengagement. The book uses an empirical approach to contend that the state has an important role in several key areas including: mobilising a surplus; allocating the surplus in an efficient way to productive investment projects; and in building institutions (including political parties) through which conflict can managed between the different losers and rent-seekers affected by economic changes. It shows how, over time and in periods of growth and stagnation, the state in India has acted in key areas, and how the actions of the state has had a profound impact on economic outcomes. Overall, the book makes a major contribution to understanding the economic history of development in India and to understanding the role of the state in economic development more generally.