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Reintegrating India with the World Economy : Country and Regional Studies - T. N. Srinivasan

Reintegrating India with the World Economy

Country and Regional Studies

Paperback

Published: 1st May 2003
For Ages: 22+ years old
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After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust of reforms has been maintained. According to the World Bank, only 19 out of 137 countries had more rapid growth than India's at over six percent per year in the 1990s.

In this study, Professors Srinivasan and Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system. The topics covered include historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations.

Prefacep. ix
Acknowledgmentsp. xiii
Introduction: Macroeconomic Crisis and Radical Reformsp. 1
Polity and Societyp. 2
Economic Development Strategy and Performance: An Overviewp. 4
India in the World Trading System: A Quantitative Assessmentp. 11
Economic Nationalism and Autarchic Industrialization, 1950-73p. 13
Piecemeal Deregulation, 1974-91p. 20
The Crisis of 1991: A Turning Pointp. 27
India's Exports in Asian Perspectivep. 53
Invisibles in India's Current Account and Software Exportsp. 58
India in the GATT and the WTOp. 79
The Uruguay Roundp. 80
TRIPS and Indiap. 86
India and the New Round of Multilateral Trade Negotiationsp. 88
The Failed Ministerial at Seattlep. 90
Labor, Environmental Standards, and the WTO: Key Misconceptionsp. 92
India and Multilateral Trade Negotiations after Dohap. 93
Origins and Founding of the GATTp. 101
Domestic Constraints on International Participationp. 107
Macroeconomic Management of the Economyp. 111
Physical Infrastructure Constraintsp. 112
Financial Intermediationp. 122
Enhancing Flexibility for Industrial Restructuringp. 123
Conclusionp. 132
Conclusions and the Tasks Aheadp. 133
The First Generation of Reforms: Achievements and Problemsp. 134
Tasks Aheadp. 136
India and the Global Trading Environmentp. 148
Conclusionp. 151
Referencesp. 153
Indexp. 159
Tables
Indicators of aggregate economic performance for India, 1950-51 to 2001-02
Selected indicators of the external sector for India, 1990-91 to 2000-01
India's GDP growth, 1981-2001
Composition of capital account inflows to India, 1990-91 to 2000-01
India's tariff structure, 1990-91 to 1999-2000
Types of nontariff barriers imposed on India's imports, 1996-2001
International comparison of tariff barriers
Foreign investment inflows to India by various categories
Total long-term resource flows to selected developing countries, 1990-2000
Foreign direct investment flows to selected developing countries, 1990-2000
Portfolio investment flows to selected developing countries, 1990-2000
Official debt flows to selected developing countries, 1990-2000
Private debt flows to selected developing countries, 1990-2000
Average imports to India of selected principal commodities, prereform and postreform triennia
Table of Contents provided by Rittenhouse. All Rights Reserved.

ISBN: 9780881322804
ISBN-10: 0881322806
Series: Country and Regional Studies
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 192
Published: 1st May 2003
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 22.8 x 15.4  x 0.9
Weight (kg): 0.27