India in Transition: Freeing the Economy (Clarendon Paperbacks) - Softcover

Bhagwati, Jagdish

Softcover

ISBN 10: 0198288476 ISBN 13: 9780198288473

Publisher: Clarendon Press, 1993

Synopsis

From gaining its independence in 1947 until only recently, India was a centrally planned economy, complete with five year plans. With the end of the Gandhi dynasty and the move to privatization of a wide range of industries, there are many changes which have and will affect the development of Indian economics. With its exploding population rate and complex political relations (both internally and with its neighbors) there are also many political complications to tie down the progress of this gigantic nation. In this work, renowned economist Jagdish Bhagwati provides a lucid overview of Indian development. His analysis places Indian development in an international political and intellectual context which is an unusual and stimulating approach. Lucid in its discussion and practical in its approach, this work is an asset to scholars and professionals in business and policymakers who need an overview of Indian development policy.

About this title

About the Author:

Jagdish Bhagwati is Arthur Lehman Professor of Economics and Professor of Political Science, Columbia University.

Review:

"Succinct and impressive...essential reading for those interested in economic development policy in general."--Choice

"An optimistic, prescriptive book, focusing more on what is to be done than on whether politically it will be done....For anyone concerned with why India's economic development strategy failed and why the new liberalization strategy makes sense, this short, non-technical analysis is the book to read."--Foreign Affairs

"With his accustomed brilliance, wit, and wisdom, Jagdish Bhagwati describes India's urgent tasks of economic reform. We could not have a better guide: Bhagwati has been a persistent and eloquent advocate of market reforms in India for the past three decades. In his Radhakrishnan Lectures, we are reminded again that Bhagwati is one of the world's outstanding leaders on problems of economic development and international trade."--Jeffrey D. Sachs, Professor of International Trade, Harvard University

"Jagdish Bhagwati is a leading economist of the day, has worked as a policy-maker in the heydays of planning, is a major scholar of the Indian economy, and has written extensively and persuasively on the advantages of freer trade and microeconomic policies...The book is succinct and impressive. It is essential reading not only for those interested in India but also for development economists in general, and anyone trying to understand what may well be one of the most important experiments in the world over the next decade."--Nicholas Stern, Professor of Economics, London School of Economics

"This splendid volume is an elegant blend of unsparing, rigorous, and judicious reasoning, duly garnished with the author's characteristic puckish wit....It ranks in the now-vanished grand tradition of classical political economy."--Finance & Development

About this edition

• Publisher: Clarendon Press
• Publication date: 1993
• ISBN 10: 0198288476
• ISBN 13: 9780198288473
• Binding: Paperback
• Edition number: 1
• Number of pages: 128