The Indian Economic Reform Process And The Implications Of The Southeast Asian Crisis

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The Routledge Handbook of Post-Reform Indian Economy

Author : Rajesh Raj S. N.,Komol Singha
Publisher : Taylor & Francis
Page : 592 pages
File Size : 42,5 Mb
Release : 2021-11-26
Category : Business & Economics
ISBN : 9781000459326

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The Routledge Handbook of Post-Reform Indian Economy by Rajesh Raj S. N.,Komol Singha Pdf

This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the early 1990s. It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people. Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies.

Crisis as Conquest

Author : Jayati Ghosh
Publisher : Orient Blackswan
Page : 156 pages
File Size : 53,9 Mb
Release : 2001
Category : East Asia
ISBN : 8125018980

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Crisis as Conquest by Jayati Ghosh Pdf

To What Extent Does The East Asian Experience Provide Us With A Viable Model Of Economic Development? This Tract Seeks To Answer This Through A Careful Analysis Of The Long-Term Development Of The East Asian Economies And Their Recent Crisis. The Tract Shows The Contradictory Implications Of The Process Of Industrialisation And The Problems Of Unregulated Finance Which Makes Liberalised Economies Extra Sensitive To The Slightest Ripple In Investor Sentiments. To Understand The Specificities Of The East Asian Experience, The Tract Looks Carefully At The Histories Of Crises In Other Parts Of The World, And Provides A Powerful Critique Of The Imf Response To Them.

Indian Economy and Neoliberal Globalization

Author : P L Beena,Murali Kallummal,Santosh Kumar
Publisher : Taylor & Francis
Page : 407 pages
File Size : 43,9 Mb
Release : 2022-12-20
Category : Business & Economics
ISBN : 9781000786729

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Indian Economy and Neoliberal Globalization by P L Beena,Murali Kallummal,Santosh Kumar Pdf

This book assesses the effects of globalization and neoliberal economic regimes in low- and middle-income countries, primarily on industries, investment and trade; finance and credit; and employment, gender and development. The volume – written to honour the rich academic work of the eminent economist Professor C. P. Chandrasekhar – addresses issues which are relevant to emerging economies and their concerns around development, investment, financial planning and adopting new technologies. It analyses the new financial systems and institutions and the dominance of global finance in policymaking in these countries and their effects in the postpandemic period. It examines the changing contours of finance, trade and labour models and laws in developing countries to assess the risks and concerns of economic crises and challenges. The volume does justice to an assessment of the macroeconomic and developmental implications of neoliberal policies in India while offering an insightful overview of the new economic practices and policies. It also offers suggestions and measures to address concerns regarding banking and global liquidity, reinforce robust strategies for growth in both small and large industries and bring in reform. This book will be of interest to scholars and students of economics, political economy, finance and trade, development studies and South Asian studies.

Connecting South Asia and Southeast Asia

Author : ADBI
Publisher : Brookings Institution Press
Page : 320 pages
File Size : 46,7 Mb
Release : 2016-03-08
Category : Business & Economics
ISBN : 9784899740483

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Connecting South Asia and Southeast Asia by ADBI Pdf

This report analyzes how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions, with a focus on the role played by infrastructure and public policies in facilitating this process. It examines major developments in South Asian–Southeast Asian trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives. In particular, it identifies significant opportunities for strengthening these integration efforts as a result of the recent opening up of Myanmar in political, economic, and financial terms. This is particularly the case for land-based transportation—highways and railroads—and energy trading. The report’s focus is on connectivity in a broad sense, covering both hardware and software, including investment in infrastructure, energy trading, trade facilitation, investment financing, and support for national and regional policies.

China's Economic Rise

Author : Congressional Research Service
Publisher : Createspace Independent Publishing Platform
Page : 52 pages
File Size : 47,7 Mb
Release : 2017-09-17
Category : Electronic
ISBN : 1976466954

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China's Economic Rise by Congressional Research Service Pdf

Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.

After the Asian Crisis

Author : Toshihiko Hozumi
Publisher : Lit Verlag
Page : 572 pages
File Size : 55,8 Mb
Release : 2003
Category : Business & Economics
ISBN : UCSD:31822034205146

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After the Asian Crisis by Toshihiko Hozumi Pdf

This book is the result of a cooperation between the Postgraduate Course of Aichi University in Toyohashi, Japan and the Institute of World Economics and International Management of Bremen University, Germany. Research groups of the two universities on "Schumpeter and Asian Development" work since 1996 on various aspects of Asian Development, and cooperate in conferences, workshops, publications and translations, exchange of professors and students. This book is the result of a conference that took place in Toyohashi, Japan where the two research groups assessed the situation After the Asian Crisis. By using Schumpeterian and other scientific approaches the two groups came to important conclusions with regard to the impacts of the Asian Crisis on the future of the region. The book highlights impressively the work of the two research groups on issues of dynamic development and crisis in Asia.

Economic Reforms and Social Transformation

Author : S. R. Ahlawat
Publisher : Unknown
Page : 456 pages
File Size : 53,5 Mb
Release : 2008
Category : History
ISBN : UOM:39015074361224

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Economic Reforms and Social Transformation by S. R. Ahlawat Pdf

India has experienced the process of economic reforms for more than a decade. Since 1991, Indian society has passed through rapid social upheaval owing to liberalization, privatization, globalization, advanced information technology, consumerism, etc. The economic reforms have accelerated the process of social transformation which, in turn, has thrown a big challenge to social scientists for understanding the new social order. This collection of papers examines the social transformation in India. The book is divided into three sections: agrarian and rural transformations; rural power structure and transformation of the excluded; and population, gender, empowerment, and transformation. In each section, the editor raises certain issues for critical examination which are analyzed in the contributors' papers. The book is an important contribution towards the developing debate on economic reforms in India, which is essentially unequal and marginalizing besides being anti-poor.

The Romanian Economic Reform Program

Author : Mr.Dimitri G. Demekas,Mr.Mohsin S. Khan
Publisher : International Monetary Fund
Page : 56 pages
File Size : 41,5 Mb
Release : 1991-08-01
Category : Business & Economics
ISBN : 9781451850246

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The Romanian Economic Reform Program by Mr.Dimitri G. Demekas,Mr.Mohsin S. Khan Pdf

With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.

Asia Rising

Author : Hal Hill,Maria Socorro Gochoco-Bautista
Publisher : Edward Elgar Publishing
Page : 449 pages
File Size : 46,7 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781781007983

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Asia Rising by Hal Hill,Maria Socorro Gochoco-Bautista Pdf

'This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines and the People's Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.' – Peter Drake, The University of New England and Australian Catholic University, Australia 'To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region's psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.' – Mohamed Ariff, International Centre for Education in Islamic Finance (INCEIF), Malaysia The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People's Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options. The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People's Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region. This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.

Background Notes, India

Author : Anonim
Publisher : Unknown
Page : 12 pages
File Size : 42,9 Mb
Release : 1998
Category : India
ISBN : MINN:31951D018170523

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Background Notes, India by Anonim Pdf

Resurging Asian Giants

Author : Klaus Gerhaeusser,Yoshihiro Iwasaki,V. B. Tulasidhar
Publisher : Asian Development Bank
Page : 594 pages
File Size : 48,8 Mb
Release : 2010-07-01
Category : Business & Economics
ISBN : 9789290920687

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Resurging Asian Giants by Klaus Gerhaeusser,Yoshihiro Iwasaki,V. B. Tulasidhar Pdf

The economies of the People's Republic of China and India have seen dramatic growth in recent years. As their respective successes continue to reshape the world's economic landscape, noted Chinese and Indian scholars have studied the two countries' development paths, in particular their rich and diverse experiences in such areas as education, information technology, local entrepreneurship, capital markets, macroeconomic management, foreign direct investment, and state-owned enterprise reforms. Drawing on these studies, ADB has produced a timely collection of lessons learned that serves as a valuable refresher on the challenges and opportunities ahead for developing economies, especially those in Asia and the Pacific.

ASEAN, PRC, and India

Author : Asian Development Bank,Asian Development Bank Institute
Publisher : Unknown
Page : 360 pages
File Size : 50,8 Mb
Release : 2014
Category : Business & Economics
ISBN : UCSD:31822038953659

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ASEAN, PRC, and India by Asian Development Bank,Asian Development Bank Institute Pdf

Asia's remarkable economic performance and transformation since the 1960s has shifted the center of global economic activity toward Asia, in particular toward the Association of Southeast Asian Nations (ASEAN) economies, the People's Republic of China, and India (collectively known as ACI). While these dynamic developing economies do not form any specific institutional group, they constitute very large economies and markets. These emerging Asian giants share common boundaries, opportunities, and challenges. Their trade, investment, production, and infrastructure already are significantly integrated and will become more so in the coming decades. This book focuses on the prospects and challenges for growth and transformation of the region's major and rapidly growing emerging economies to 2030. It examines the drivers of growth and development in the ACI economies and the factors that will affect the quality of development. It also explores the links among the ACI economies and how their links may shape regional and global competition and cooperation.