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| The
Market That Failed : A Decade of Neoliberal Economic
Reforms in India |
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| Author:
C.P. Chandrasekhar & Jayati Ghosh |
Published
by: LeftWord |
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Click to Enlarge |
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The explicit adoption
of a neoliberal reform programme in mid-1991 by
the Indian government was the start of a period
of intensive economic liberalization and changed
attitudes towards government intervention in the
economy. This book surveys the actual experience
of the last decade to argue that this strategy
has not just failed to deliver sustained growth,
but has had damaging consequences from the point
of view of employment, poverty alleviation and
equity. It covers a wide range of areas, including
fiscal and monetary policy, privatization and
the experience with foreign direct investment,
and analyses the political economy of the reform
process. |
About
the Author
C.P. CHANDRASEKHAR and JAYATI GHOSH are professors
at the Centre for Economic Studies and Planning,
School of Social Sciences, Jawaharlal Nehru University,
New Delhi, India.
They have co-authored Crisis as Conquest: Learning
from East Asia (Orient Longman 2001) and are co-editing
Globalization, Structural Change and Income Distribution
(forthcoming, Tulika 2002). Chandrasekhar has
also co-edited India’s Socio-Economic Database:
Surveys of Selected Areas (Tulika 2001). They
are both regular columnists for Frontline magazine
and Businessline financial daily, and are involved
in managing several public information Websites:
www.macroscan.org, www.networkideas.org. |
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| May 19, 2004. |
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