External dimensions of an emerging economy, India : essays in honour of Sunanda Sen / edited by Byasdeb Dasgupta.

Format:

Book

Contributor:

Sen, Sunanda.

Dasgupta, Byasdeb.

Language:

English

Subjects (All):

Economic development--India.

Economic development.

India--Economic policy.

India.

Physical Description:

1 online resource (321 p.)

Edition:

1st edition

Place of Publication:

Abingdon, Oxon : Routledge, 2013.

Language Note:

English

System Details:

text file

Summary:

<P>This book offers an analysis of external dimensions of an emerging economy, India, in the backdrop of neoliberal globalisation. External dimensions of Indian economy signify her inter-relation with the rest of the world in terms of trade and financial flows and how that affects the development process within the country in the age of neoliberal globalisation. It is based on non-mainstream unorthodox approach in Economics and as such is a critique of the mainstream neoclassical position on current neoliberal globalisation. </P><P>The contents of the book can be classified into as follows - (

Contents:

Cover; Half Title; Title Page; Copyright Page; Table of Contents; List of figures and tables; Notes on contributors; Acknowledgements; Introduction; Notes; 1. India, the Great Depression and Britain's demise as world capitalist leader; Introduction; The dependence of the international payments pattern on colonial and, in particular, on India's export earnings; Modifying the relation between budgetary, trade and savings-investment balances to take account of transfers from colonies to the metropolis

The sharply declining magnitude of export earnings of the Indian sub-continent owing to agricultural depressionNotes; References; 2. Illegal flows in India's BOP accounts: their components and impact on the economy; Introduction; Illegal flows of capital and flight of capital; Definitional aspect; Estimates of illegal financial flows and flight of capital: a critique; Links with the black economy in the country; Rates of return on illegal funds and the white economy; Illegal flows in India's BOP; Illegal flows and the underlying mechanisms

The role of tax havens and 'Swiss banks' in flight of capitalIllegal flows and flight of capital; Policy implications; Macroeconomic impact of illegal flows; Conclusion; References; 3. Some aspects of external dimensions of the Indian economy in the age of globalisation; Degree of openness of the Indian economy; Some features of India's balance of payments in the post-reform period; Foreign capital flows in India during the reform period; Net transfers of financial resources from India during the reform period; Some concerns regarding India's economic reforms; Conclusion; Notes; References

4. Macroeconomic policy within cycles of international capital flows: the Indian experienceCycles in international capital flows; Capital flows and external balances of India; External balances and the macroeconomic policy; Empirical evidence on India; Interest rate and capital flows; Central Bank intervention, reserve accumulation and monetary-policy independence; Capital flows, currency appreciation and trade balance; Conclusion; Notes; References; 5. Multinationals and monopolies: the pharmaceutical industry in India after TRIPS; Background; Rising MNC dominance

Rising imports of finished formulationsMarket structure and prices of patented products; Conclusions; Notes; References; 6. Regional economic integration: new context and analytical constructs; Introduction; Dynamism in RTAs; Trade integration in different RTAs; Deepening of RTAs; Analytical construct; Trade flows - trade creation and trade diversion; Foreign direct investment; RTAs and technology; Static and dynamic effects of RTAs; Rules of origin; Growth and income convergence; Intra-industry trade (IIT); RTAs and peace; RTAs - some critical insights

RTAs as a balance between opening and protection

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9781138914803

1138914800

9781135049836

1135049831

9780203491249

0203491246

OCLC:

852757419

Publisher Number:

YE29789

9780415535014