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This proceedings volume highlights important points of achieving a balanced and sustained growth path from diverse economics and finance perspectives, touching on a wide array of economic and social analyses in India. Featuring contributions presented at the 2018 International Conference on Economics and Finance (ICEF-2018) held at the Birla Institute of Technology and Science, Pilani, Goa, India, the enclosed papers explore topics such as inflation dynamics, information transmission in post-recession era, leverage effect and volatility asymmetry, structural change and economic growth and reforming tax systems, among others. The Indian economy today is remarkable and, not surprisingly, it is growing very rapidly. It has emerged as the fastest growing major economy in the world as per the Central Statistical Organization (CSO) and International Monetary Fund (IMF) and it is expected to be one of the top three economic powers of the world over the next 10 to15 years, backed by its strong democracy and partnership. At the backdrop of impressive progress of the Indian economy during the last two decades, the question that remains to be answered is does India still have a long way to go before it is functioning well as a market economy? This book critically examines the performance of the Indian economy at the national, state and sectorial levels. Featuring contributions from leading academicians, scholars and practitioners from Asia and the rest of the world, this book is an asset to students, professors, scholars, practitioners and policy makers in the areas of India economics, finance and sustainable development.
This book revisits some of the persisting challenges of development of India, which remain unresolved even after twenty-five years of economic reforms and almost fifteen years of high growth rate. These include defining purpose of development, inequality, labour, work, unemployment, agrarian distress and migration. The book questions the overemphasis on growth to the extent of neglecting basic issues of development. With a number of contributions re-imagining development and its political economy, the book discusses above mentioned issues in light of new data and more recent conceptions of the issues. The contributors of this volume are eminent researchers in their respective field. Presenting primary as well as secondary data, the book considers the latest advances and research and also addresses new challenges like the global reorganization of production and the consequences for labour and the world of work, along with skills question. World of work has received detailed investigation in this book. This is a timely addition in existing literature especially in context of pandemic and lockdown. Informality and un/employment question is addressed in this context. Relationship among poverty, inequality and growth is examined in light of newer understanding. Agrarian distress is looked in a broader context. A number of papers are examining migration question by expanding coverage of migration and including labour mobility as apart of migration debate. The present crisis of migrant labour and absence of social security for these workers is also discussed. This book is primarily intended for those interested in recent advances on some of the basic aspects of development, like poverty, inequality, informality, word of work, migration and labour mobility. It is also useful for researchers, policy makers, journalists and civil society organizations working on these issues.
This IEA volume brings together a set of essays written by leading authors on themes relevant to the study of economic development. The book covers a range of topics many of which are relevant to policy issues. The contributors bring new insights from empirical research in a range of economies with chapters including discussions of the UN development agenda, fiscal policy in Latin America, poverty data in Africa and Jordan, and monetary policy in South Africa. Contemporary Issues in Development Economics is an essential read for researchers, scholars and policymakers interested in economic development in low- and middle-income countries.
This new collection of articles puts the very latest issues in economic development under the microscope, exploring them from a variety of perspectives. Beginning with an assessment of the current state of play in development, the authors move forward to examine neglected issues such as human development, gender, brain drain, military expenditure and post-colonial theory. While analysing the problems of external debts, technology transfer and new theories of international trade, the relationship between developing and developed economies is fully explored. The book also examines the important topics of financial reform, structural adjustments and the role of the IMF in the new financial architecture. The highly respected contributors subject these critical issues to thorough analysis with suggestions towards resolving some of these problems, making this an indispensable book that researchers and students of development economics cannot afford to miss.
This book explores the role of public action in eliminating deprivation and expanding human freedoms in India. The analysis is based on a broad and integrated view of development, which focuses on well-being and freedom rather than the standard indicators of economic growth. The authors placehuman agency at the centre of stage, and stress the complementary roles of different institutions (economic, social, and political) in enhancing effective freedoms.In comparative international perspective, the Indian economy has done reasonably well in the period following the economic reforms initiated in the early nineties. However, relatively high aggregate economic growth coexists with the persistence of endemic deprivation and deep social failures. JeanDreze and Amartya Sen relate this imbalance to the continued neglect, in the post-reform period, of public involvement in crucial fields such as basic education, health care, social security, environmental protection, gender equity, and civil rights, and also to the imposition of new burdens such asthe accelerated expansion of military expenditure. Further, the authors link these distortions of public priorities with deep-seated inequalities of social influence and political power. The book discusses the possibility of addressing these biases through more active democratic practice.
This book deals with issues in economic development in India. It highlights those factors that are indicative of India’s emergence in the global economy yet indicates negative "trickle down" effects, such as malnutrition, poverty, bonded labourers, high adult unemployment and the widespread use of child labour. Focusing on structural deficiencies for a steady growth rate, and how to make growth inclusive, the book examines duality in development and the factors standing between national economic prosperity and human development. The author analyses issues concerning international trade, technology, access to food, inequality and poverty, and the "catching up" of developing countries. A novel approach to the analysis of the Indian economy and other developing countries in the 21st century, this book advocates development as a form of governance. With India as a case study, this book provides a solid framework for looking at developing economies which will be useful to policy-makers and to graduate and post-doctoral students and researchers in the areas of development studies and economics, industrialisation and structural change.
This book analyzes different perspectives around sustainable development, risk management and managing demand across various sectors in India. Diverse theories and analytical methods from various disciplines, as well as case studies, are brought together to present an in-depth study. The book discusses the challenges of achieving sustainability, the role of quantitative research to assess current scenarios, and the role of policy making to bring improvements in the Indian context. It examines the socioeconomic ways of pursuing sustainable development in the areas of agriculture, climate change and energy; the environment and natural resources; health and society. It also analyzes important quantitative models for sustainability policy analysis and provides case studies to understand the practical implementations of the models. This book will be a great reference manual that covers a whole gamut of analytical techniques that are useful for students, research scholars and practitioners of economics, environmental studies, development studies, sociology, South Asian studies and public policy, among others.
""Deals with the issues at the intersecting domains of economics and politics"--Provided by publisher"--