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Neoliberal economic reforms over the last four decades have altered the economic cartography of emerging market economies such as India, particularly in the context of international trade, investment and finance, and in terms of their effects on the real economy. This book examines the issues of financialization, investment climate and the impact of trade liberalization. By analysing these three features of neoliberal reform the book is unique, since it accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach. The major questions answered by this book, cover three basic lines of enquiry pertaining to neoliberal reforms. They are (a) how financialization as a new process affects the real economic health of emerging market economies characterized by globalization; (b) how the changing form of international trade in the new regime impacts upon the informal economy, and employment and trade potential in the home country; and (c) how global investment has shaped the real economy in emerging countries like India. The book will be extremely useful for postgraduate students of international economics, particularly development economics and political economy, including researchers with a keen interest in India.
The book discusses important developments emerging around the land questions in India in the context of India’s neoliberal economic development and its changing political economy. It covers many issues that have been impinging the political economy in land and livelihoods in India since the 1990s, examining the land question from diverse methodological standpoints. Most of the chapters rely on evidence generated through primary surveys in different parts of the country. The book, via its diversity of approaches and methodologies, brings out new and hitherto unexplored and/or less researched issues on the emerging land question in India. The range of issues addressed in the volume encompasses the contemporary developments in the political economy of land, land dispossession, SEZs, agrarian changes, urbanisation and the drive for the commodification of land across India. The authors also examine role of the state in promoting the capitalist transformation in India and continuities and changes emerging in the context of land liberalisation and market-friendly economic reforms.
In this book, Das presents a class-based perspective on the economic and political situation in contemporary India in a globalizing world. It deals with the specificities of India’s capitalism and neoliberalism, as well as poverty/inequality, geographically uneven development, technological change, and export-oriented, nature-dependent production. The book also deals with Left-led struggles in the form of the Naxalite/Maoist movement and trade-union strikes, and presents a non-sectarian Left critique of the Left. It also discusses the politics of the Right expressed as fascistic tendencies, and the question of what is to be done. The book applies abstract theoretical ideas to the concrete situation in India, which, in turn, inspires rethinking of theory. Das unabashedly shows the relevance of class theory that takes seriously the matter of oppression/domination of religious minorities and lower castes.
This book describes the changing landscape of women’s politics for equality and liberation during the rise of neoliberalism in India. Between 1991 and 2006, the doctrine of liberalization guided Indian politics and economic policy. These neoliberal measures vastly reduced poverty alleviation schemes, price supports for poor farmers, and opened India’s economy to the unpredictability of global financial fluctuations. During this same period, the All India Democratic Women’s Association, which directly opposed the ascendance of neoliberal economics and policies, as well as the simultaneous rise of violent casteism and anti-Muslim communalism, grew from roughly three million members to over ten million. Beginning in the late 1980s, AIDWA turned its attention to women’s lives in rural India. Using a method that began with activist research, the organization developed a sectoral analysis of groups of women who were hardest hit in the new neoliberal order, including Muslim women, and Dalit (oppressed caste) women. AIDWA developed what leaders called inter-sectoral organizing, that centered the demands of the most vulnerable women into the heart of its campaigns and its ideology for social change. Through long-term ethnographic research, predominantly in the northern state of Haryana and the southern state of Tamil Nadu, this book shows how a socialist women’s organization built its oppositional strength by organizing the women most marginalized by neoliberal policies and economics.
This volume brings together scholarship from different disciplines on the theme of neoliberalism.
Blending theory and case studies, this volume explores a vitally important and topical aspect of developmentalism, which remains a focal point for scholarly and policy debates around democracy and social development in the global political economy. Includes case studies from China, Vietnam, India, Brazil, Uganda, South Korea, Ireland, Australia.
Winner of the 2019 Global and Transnational Sociology Best Book Award, American Sociological Association Winner of the 2019 Political Economy of World System (PEWS) Distinguished Book Award, American Sociological Association Received Honorable Mention for the 2019 Asia/Transnational Book Award, American Sociological Association Since the mid-2000s, India has been beset by widespread farmer protests against land dispossession. Dispossession Without Development demonstrates that beneath these conflicts lay a profound shift in regimes of dispossession. While the postcolonial Indian state dispossessed land mostly for public-sector industry and infrastructure, since the 1990s state governments have become land brokers for private real estate capital. Using the case of a village in Rajasthan that was dispossessed for a private Special Economic Zone, the book ethnographically illustrates the exclusionary trajectory of capitalism driving dispossession in contemporary India. Taking us into the lives of diverse villagers in "Rajpura," the book meticulously documents the destruction of agricultural livelihoods, the marginalization of rural labor, the spatial uneveness of infrastructure provision, and the dramatic consequences of real estate speculation for social inequality and village politics. Illuminating the structural underpinnings of land struggles in contemporary India, this book will resonate in any place where "land grabs" have fueled conflict in recent years.
Conventional interpretations of the New Economic Policy introduced in India in 1991 see this program of economic liberalization as transforming the Indian economy and leading to a substantial increase in the rate of India’s economic growth. But in a country like India, growth is not enough. Who benefits from the new growth regime, and can it significantly improve the conditions of livelihood for India’s 800 million people with incomes below $2.00 a day? This edited volume looks at international policy regimes and their national adoption under strategic conditions of economic crisis and coercion, and within longer-term structural changes in the power calculus of global capitalism. The contributors examine long-term growth tendencies, poverty and employment rates at the national level, regional level and local levels in India; the main growth centers; the areas and people left out; the advantages and deficiencies of the existing policy regime, and alternative economic policies for India. Bringing together the leading figures in the discussion on India’s economic policy, this volume is the authoritative critical study of India’s New Economic Policy.
This book presents a reappraisal of the political economic history of the CPIM/Left Front regime against the backdrop of the Indian reform experience. It examines two distinct areas: the conditions that necessitated the regime to engineer a transition from an erstwhile agricultural-based growth model to a more pro-market economic agenda post-199
The post-war liberal economic order seems to be crumbling, placing the world at an inflection point. China has emerged as a major force, and other emerging economies seek to play a role in shaping world trade and investment law. Might they band together to mount a wholesale challenge to current rules and institutions? Emerging Powers in the International Economic Order argues that resistance from the Global South and the creation of China-led alternative spaces will have some impact, but no robust alternative vision will emerge. Significant legal innovations from the South depart from the mainstream neoliberal model, but these countries are driven by pragmatism and strategic self-interest and not a common ideological orientation, nor do they intend to fully dismantle the current ordering. In this book, Sonia E. Rolland and David M. Trubek predict a more pluralistic world, which is neither the continued hegemony of neoliberalism nor a full blown alternative to it.