India's Economic Reforms, 1991-2001India is the world's largest democracy, and second-largest developing country. For forty years it has also been one of the most dirigiste and autarkic. The 1980s saw most developing and erstwhile communist countries opt for market economic systems. India belatedly initiated similar reforms in 1991. This book evaluates the progress of those reforms, covering all of the major areas of policy; stabilization, taxation and trade, domestic and external finance, agriculture, industry, the social sectors, and poverty alleviation. Will India realize its great potential by freeing itself from the self-imposed constraints that have hindered its development? This is the important and fascinating question considered by this book. |
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الصفحة 3
Tariffs have been greatly reduced, but remain high even by the standards of developing countries. Foreign direct investment is now more welcome, and has risen substantially from very low levels. Although it is still controlled, ...
Tariffs have been greatly reduced, but remain high even by the standards of developing countries. Foreign direct investment is now more welcome, and has risen substantially from very low levels. Although it is still controlled, ...
الصفحة 8
First, changes in technology have reduced the area of natural monopoly. Secondly, a monopoly can be regulated to prevent extortionate monopoly pricing. Recent experience in the UK and elsewhere seems to suggest that it is ...
First, changes in technology have reduced the area of natural monopoly. Secondly, a monopoly can be regulated to prevent extortionate monopoly pricing. Recent experience in the UK and elsewhere seems to suggest that it is ...
الصفحة 9
Growth slowed down as real returns were reduced. In the 1980s both South Korea and Taiwan gave up the policy of selective promotion. We believe this is also true of Japan. 6 In the case of Hong Kong there never was any protection, ...
Growth slowed down as real returns were reduced. In the 1980s both South Korea and Taiwan gave up the policy of selective promotion. We believe this is also true of Japan. 6 In the case of Hong Kong there never was any protection, ...
الصفحة 10
In Chapter 3 the reduction of foreign trade controls and tariffs is described. Tariff reform has revenue consequences. This leads into an extended analysis of the whole fiscal scene. It is complicated because of the constitutional ...
In Chapter 3 the reduction of foreign trade controls and tariffs is described. Tariff reform has revenue consequences. This leads into an extended analysis of the whole fiscal scene. It is complicated because of the constitutional ...
الصفحة 13
Examples are trade reforms which reduce revenue, or financial reforms which raise the cost of government borrowing. But other structural reforms help the macro-economic problem. For instance a shift from import controls to tariffs will ...
Examples are trade reforms which reduce revenue, or financial reforms which raise the cost of government borrowing. But other structural reforms help the macro-economic problem. For instance a shift from import controls to tariffs will ...
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المحتوى
1 | |
13 | |
3Fiscal Policy and Trade Policy | 63 |
4Financial Sector Reform | 109 |
5Industrial Policy and Factor Markets | 171 |
6The Social Sectors Poverty and Reform | 219 |
7Summary and Afterthoughts | 247 |
Bibliography | 267 |
Index | 277 |
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عبارات ومصطلحات مألوفة
achieved agricultural allowed assets banks borrowing budget capital cent of GDP central Centre Chapter companies competition consider corporate cost countries crores current account deficit debt deposit direct discussed domestic economic effective efficiency employment enterprises estimates excise expenditure exports favour firms fiscal fiscal deficit foreign funds further given growth higher important improvement income increase India industry inflation inflows institutions interest interest rates investment issue labour lending less liberalization limit loans losses major measures Note operation output payments political poor poverty present primary problem production profitability programme promoters protection public sector raised reasons reduced reform regulation relative remain reserves restrictions result rise rural savings schemes securities share social structure subsidies suggested tariff taxation trade wages