ISBN:
9781352000269
Language:
English
Pages:
Online-Ressource (XII, 105 p. 2 illus. in color, online resource)
Series Statement:
Building a Sustainable Political Economy: SPERI Research & Policy
Series Statement:
SpringerLink
Series Statement:
Bücher
Series Statement:
Springer eBook Collection
Series Statement:
Political Science and International Studies
Parallel Title:
Druckausg.
Parallel Title:
Printed edition
Keywords:
Political science
;
Political Science and International Relations
;
Political economy
;
Asia Politics and government
;
Industrial organization
;
Development economics
;
Economic growth
Abstract:
‘This book is different from most other attempts to understand the politics of Indian economic development. Breaking down the last 65+ years of Indian development into several episodes of growth, it provides a rich set of insights into the political economy of the Indian development process and is a valuable addition to the literature.’ -Pranab Bardham, University of California, Berkeley, USA ‘Sustained economic growth in the world's largest democracy is critically important to human well-being but the ups and downs of growth in India are not well-understood. This book provides a fresh and insightful approach to understanding what drives the starts of booms and the onset of slowdowns.’ -Lant Pritchett, Harvard University, USA ‘This is a little book with big arguments. The authors' explanation of the changing character of the deals done between political and business elites makes for the most original contribution to studies of the political economy of Indian development since Pranab Bardhan's seminal work of the early 1980s’ -John Harriss, Simon Fraser University, Vancouver, Canada This book moves beyond the usual economic analysis of the Indian growth story and provides a fresh perspective on the determinants of growth episodes in post-independence India, based on its political economy. Using a robust and novel technique, the authors identify four such episodes during this period. The first, running from the fifties to 1992, was mostly characterized by economic stagnation, with a nascent recovery in the eighties. The second, covering the period 1993 to 2001, witnessed the first growth acceleration in the economy. A second acceleration ran from 2002 to 2010. The fourth and final episode started with the slowdown in 2010 and continues to this day. The book provides a theoretical framework that focuses on rent-structures, institutions and the polity, and demonstrates how changes in these can explain the four growth episodes. Kar and Sen argue that the transitions from one growth episode to another can be explained by the bi-directional relationship between growth outcomes and institutional arrangements, and by the manner in which institutional arrangements and their transitions are determined by the political bargains struck between the elite groups in Indian society. Sabyasachi Kar is Associate Professor at the Institute of Economic Growth, India, and Honorary Research Fellow at the University of Manchester, UK. He has published a number of book ...
Abstract:
Chapter 1. A Political Economy Reading of India's Growth Experience -- Chapter 2. A political Economy Theory of Growth Episodes -- Chapter 3. Stagnation and Nascent Recovery: The Growth Episode of 1950-1992 -- Chapter 4. Onset of High Growth: The Growth Episode of 1993-2001 -- Chapter 5. Rapid Growth and Limited Structural Transformation: The Growth Episode of 2002-2010 -- Chapter 6. The Post-2010 Growth Slowdown and a Debatable Partial Recovery -- Chapter 7. Politics, Institutions and Episodes: Concluding Observations
DOI:
10.1057/978-1-352-00026-9
URL:
Volltext
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