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The Political Economy of India´s Growth Episodes
Sabyasachi Kar
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Description for The Political Economy of India´s Growth Episodes
Hardback. Series: Building a Sustainable Political Economy: Speri Research & Policy. Num Pages: 117 pages, 2 colour illustrations, 26 colour tables, biography. BIC Classification: JP; KCD; KCG; KCM; KCP. Category: (P) Professional & Vocational. Dimension: 210 x 148. Weight in Grams: 288.
‘This book is different from most other attempts to understand the politics of Indian economic development. Breaking down the last 65+ years of Indian development into several episodes of growth, it provides a rich set of insights into the political economy of the Indian development process and is a valuable addition to the literature.’ –Pranab Bardham, University of California, Berkeley, USA
‘Sustained economic growth in the world's largest democracy is critically important to human well-being, but the ups and downs of growth in India are not well-understood. This book provides a fresh and insightful approach to understanding what ... Read more
‘This is a little book with big arguments. The authors' explanation of the changing character of the deals done between political and business elites makes for the most original contribution to studies of the political economy of Indiandevelopment since Pranab Bardhan's seminal work of the early 1980s’ –John Harriss, Simon Fraser University, Vancouver, Canada This book moves beyond the usual economic analysis of the Indian growth story and provides a fresh perspective on the determinants of growth episodes in post-independence India, based on its political economy. Using a robust and novel technique, the authors identify four such episodes during this period. The first, running from the 1950s to 1992, was mostly characterized by economic stagnation, with a nascent recovery in the eighties. The second, covering the period 1993 to 2001, witnessed the first growth acceleration in the economy. A second acceleration ran from 2002 to 2010. The fourth and final episode started with the slowdown in 2010 and continues to this day. The book provides a theoretical framework that focuses on rent-structures, institutions and the polity, and demonstrates how changes in these can explain the four growth episodes. Kar and Sen argue that the transitions from one growth episode to another can be explained by the bi-directional relationship between growth outcomes and institutional arrangements, and by the manner in which institutional arrangements and their transitions are determined by the political bargains struck between the elite groups in Indian society. Show LessProduct Details
Publisher
Palgrave Macmillan United Kingdom
Number of pages
117
Format
Hardback
Publication date
2016
Series
Building a Sustainable Political Economy: Speri Research & Policy
Condition
New
Number of Pages
105
Place of Publication
Basingstoke, United Kingdom
ISBN
9781352000252
SKU
V9781352000252
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Sabyasachi Kar
Sabyasachi Kar is Associate Professor at the Institute of Economic Growth, India, and Honorary Research Fellow at the University of Manchester, UK. He has published a number of books and academic articles on macroeconomics, growth and development economics. He is Associate Editor for the Indian Growth and Development Review. Kunal Sen is Professor of Development Economics at the Global Development Institute, University of ... Read more
Reviews for The Political Economy of India´s Growth Episodes
“The book recognises that long-run growth processes are undergirded by a series of medium-term ‘growth episodes’ that actually shape and constitute the phenomenon of long-term growth. … The strength of the book lies in the possibility that the proposed framework can actually help one address such questions.” (M. Vijayabaskar, Indian Economic Review, Vol. 53, 2018)