India's long road: the search for prosperity
" India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that i...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York
Oxford University Press
[2017]
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis Inhaltsverzeichnis |
| Zusammenfassung: | " India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it should follow to achieve widely-shared prosperity. Joshi argues that for India to realize its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalization and more extensive privatisation will be necessary. But they will not suffice to achieve India's economic objectives. The state needs to perform much more effectively many core tasks that belong squarely in its domain. India needs more of the market as well as more of the state. The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics. In the course of his enquiry, Joshi examines in depth all the critical areas of Indian development policy, including employment and the 'demographic bulge'; investment and productivity; the markets for goods, resources, and finance; macroeconomic stability; public sector banks and enterprises; the infrastructure deficit; social protection and safety nets; education and health care; environmental sustainability; international economic relations; state capacity and accountability; and corruption and crony capitalism. His design for radical reform incorporates a fiscally affordable scheme to provide a regular 'basic income' for all citizens that would speedily abolish extreme poverty. An authoritative work of tremendous scope and depth, India's Long Road will be an essential resource for anyone who wants to know where India is today, where it is headed, and what it should do to attain its ambitions. "... "India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee program. Corruption also hinders growth at many turns. All these factors bring into question how feasible or wise it is for India to pursue a path toward global political power rather than concentrate on improved economic engagement worldwide. Dr. Joshi believes India's economic problems are serious and systemic, not a temporary blip. His analysis sets forth that the only way the country can truly prosper is to find the means to return to the earlier levels of growth through massive economic reform. This policy reorientation calls for eliminating price controls as well as both explicit and hidden subsidies to industries, introduction of direct cash transfers to the poor in place of the state's own costly production of goods and services, and an aggressive move toward privatization rather than over-reliance on family firms and widely-held corporations. Without these, the requisites of economic stability cannot be fully established, let alone propel significant growth"... |
| Beschreibung: | xi, 347 Seiten |
| ISBN: | 9780190610135 |
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| 520 | |a " India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it should follow to achieve widely-shared prosperity. Joshi argues that for India to realize its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalization and more extensive privatisation will be necessary. But they will not suffice to achieve India's economic objectives. The state needs to perform much more effectively many core tasks that belong squarely in its domain. India needs more of the market as well as more of the state. The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics. In the course of his enquiry, Joshi examines in depth all the critical areas of Indian development policy, including employment and the 'demographic bulge'; investment and productivity; the markets for goods, resources, and finance; macroeconomic stability; public sector banks and enterprises; the infrastructure deficit; social protection and safety nets; education and health care; environmental sustainability; international economic relations; state capacity and accountability; and corruption and crony capitalism. His design for radical reform incorporates a fiscally affordable scheme to provide a regular 'basic income' for all citizens that would speedily abolish extreme poverty. An authoritative work of tremendous scope and depth, India's Long Road will be an essential resource for anyone who wants to know where India is today, where it is headed, and what it should do to attain its ambitions. "... | ||
| 520 | |a "India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee program. Corruption also hinders growth at many turns. All these factors bring into question how feasible or wise it is for India to pursue a path toward global political power rather than concentrate on improved economic engagement worldwide. Dr. Joshi believes India's economic problems are serious and systemic, not a temporary blip. His analysis sets forth that the only way the country can truly prosper is to find the means to return to the earlier levels of growth through massive economic reform. This policy reorientation calls for eliminating price controls as well as both explicit and hidden subsidies to industries, introduction of direct cash transfers to the poor in place of the state's own costly production of goods and services, and an aggressive move toward privatization rather than over-reliance on family firms and widely-held corporations. Without these, the requisites of economic stability cannot be fully established, let alone propel significant growth"... | ||
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Datensatz im Suchindex
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| adam_text | INDIA S LONG ROAD
/ JOSHI, VIJAYYYEAUTHOR
: 2017
TABLE OF CONTENTS / INHALTSVERZEICHNIS
PART I SETTING THE STAGE
1. INDIA AT THE CUSP
2. 1947-2016: A TOUR D HORIZON
3. ENDS AND MEANS, STATE AND MARKET
PART II THE GROWTH CHALLENGE
4. CAPITAL ACCUMULATION AND ANIMAL SPIRITS
5. GROWTH AND THE EMPLOYMENT PROBLEM
6. PRODUCTIVITY AND ECONOMIC REFORM
7. OWNERSHIP, INFRASTRUCTURE, AND THE ENVIRONMENT
PART III STABILITY AND INCLUSION
8. THE REQUISITES OF MACROECONOMIC STABILITY
9. EDUCATION AND HEALTH CARE: A QUESTION OF QUALITY
10. SAFETY NETS AND SOCIAL PROTECTION
PART IV POLITICAL ECONOMY
11. THE STATE OF THE STATE
12. INDIA AND THE WORLD ECONOMY
PART V THE FUTURE: LONG IS THE WAY, AND HARD
13. WHAT IS TO BE DONE? WHAT LIES AHEAD?
DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT.
CONTENTS
ACKNOWLEDGEMENTS BE
PART I: SETTING THE STAGE
1. INDIA AT THE CUSP 3
2.1947-2016: A TOUR D HORIZON 15
3. ENDS AND MEANS, STATE AND MARKET 35
PART II: THE GROWTH CHALLENGE
4. CAPITAL ACCUMULATION AND ANIMAL SPIRITS 51
5. GROWTH AND THE EMPLOYMENT PROBLEM 65
6. PRODUCTIVITY AND ECONOMIC REFORM 87
7. OWNERSHIP, INFRASTRUCTURE, AND THE ENVIRONMENT 123
PART III: STABILITY AND INCLUSION
8. THE REQUISITES OF MACROECONOMIC STABILITY 139
APPENDIX TO CHAPTER 8: INFLATION TARGETING 266
9. EDUCATION AND HEALTH CARE: A QUESTION OF QUALITY 2 75
10. SAFETY NETS AND SOCIAL PROTECTION 201
APPENDIX TO CHAPTER 10: ESTIMATE OF THE COST OF PROVIDING
A BASIC INCOME 216
PART IV. POLITICAL ECONOMY
11. THE STATE OF THE STATE 225
12. INDIA AND THE WORLD ECONOMY 247
PART V: THE FUTURE: LONG IS THE WAY, AND HARD ...
13. WHAT IS TO BE DONE? WHAT LIES AHEAD? 275
REFERENCES 323
INDEX 337
|
| any_adam_object | 1 |
| author | Joshi, Vijay 1941- |
| author_GND | (DE-588)118006282 |
| author_facet | Joshi, Vijay 1941- |
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| bvnumber | BV044282573 |
| callnumber-first | H - Social Science |
| callnumber-label | HC435 |
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| callnumber-subject | HC - Economic History and Conditions |
| classification_rvk | QG 830 |
| ctrlnum | (OCoLC)1002267258 (DE-599)BVBBV044282573 |
| dewey-full | 330.954 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.954 |
| dewey-search | 330.954 |
| dewey-sort | 3330.954 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| spelling | Joshi, Vijay 1941- Verfasser (DE-588)118006282 aut India's long road the search for prosperity Vijay Joshi New York Oxford University Press [2017] xi, 347 Seiten txt rdacontent n rdamedia nc rdacarrier " India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it should follow to achieve widely-shared prosperity. Joshi argues that for India to realize its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalization and more extensive privatisation will be necessary. But they will not suffice to achieve India's economic objectives. The state needs to perform much more effectively many core tasks that belong squarely in its domain. India needs more of the market as well as more of the state. The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics. In the course of his enquiry, Joshi examines in depth all the critical areas of Indian development policy, including employment and the 'demographic bulge'; investment and productivity; the markets for goods, resources, and finance; macroeconomic stability; public sector banks and enterprises; the infrastructure deficit; social protection and safety nets; education and health care; environmental sustainability; international economic relations; state capacity and accountability; and corruption and crony capitalism. His design for radical reform incorporates a fiscally affordable scheme to provide a regular 'basic income' for all citizens that would speedily abolish extreme poverty. An authoritative work of tremendous scope and depth, India's Long Road will be an essential resource for anyone who wants to know where India is today, where it is headed, and what it should do to attain its ambitions. "... "India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee program. Corruption also hinders growth at many turns. All these factors bring into question how feasible or wise it is for India to pursue a path toward global political power rather than concentrate on improved economic engagement worldwide. Dr. Joshi believes India's economic problems are serious and systemic, not a temporary blip. His analysis sets forth that the only way the country can truly prosper is to find the means to return to the earlier levels of growth through massive economic reform. This policy reorientation calls for eliminating price controls as well as both explicit and hidden subsidies to industries, introduction of direct cash transfers to the poor in place of the state's own costly production of goods and services, and an aggressive move toward privatization rather than over-reliance on family firms and widely-held corporations. Without these, the requisites of economic stability cannot be fully established, let alone propel significant growth"... BUSINESS & ECONOMICS / Development / Economic Development bisacsh BUSINESS & ECONOMICS / International / Economics bisacsh HISTORY / Asia / India & South Asia bisacsh Wirtschaft Wirtschaftsentwicklung Wirtschaftspolitik Economic development India BUSINESS & ECONOMICS / Development / Economic Development BUSINESS & ECONOMICS / International / Economics HISTORY / Asia / India & South Asia Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Sozioökonomisches System (DE-588)4182012-5 gnd rswk-swf Asien Indien India Economic policy 1991- India Economic conditions 1991- Indien (DE-588)4026722-2 gnd rswk-swf Indien (DE-588)4026722-2 g Wirtschaftsentwicklung (DE-588)4066438-7 s Wirtschaftspolitik (DE-588)4066493-4 s Sozioökonomisches System (DE-588)4182012-5 s DE-604 LoC Fremddatenuebernahme application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029686913&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029686913&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Joshi, Vijay 1941- India's long road the search for prosperity BUSINESS & ECONOMICS / Development / Economic Development bisacsh BUSINESS & ECONOMICS / International / Economics bisacsh HISTORY / Asia / India & South Asia bisacsh Wirtschaft Wirtschaftsentwicklung Wirtschaftspolitik Economic development India BUSINESS & ECONOMICS / Development / Economic Development BUSINESS & ECONOMICS / International / Economics HISTORY / Asia / India & South Asia Wirtschaftspolitik (DE-588)4066493-4 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Sozioökonomisches System (DE-588)4182012-5 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4066438-7 (DE-588)4182012-5 (DE-588)4026722-2 |
| title | India's long road the search for prosperity |
| title_auth | India's long road the search for prosperity |
| title_exact_search | India's long road the search for prosperity |
| title_full | India's long road the search for prosperity Vijay Joshi |
| title_fullStr | India's long road the search for prosperity Vijay Joshi |
| title_full_unstemmed | India's long road the search for prosperity Vijay Joshi |
| title_short | India's long road |
| title_sort | india s long road the search for prosperity |
| title_sub | the search for prosperity |
| topic | BUSINESS & ECONOMICS / Development / Economic Development bisacsh BUSINESS & ECONOMICS / International / Economics bisacsh HISTORY / Asia / India & South Asia bisacsh Wirtschaft Wirtschaftsentwicklung Wirtschaftspolitik Economic development India BUSINESS & ECONOMICS / Development / Economic Development BUSINESS & ECONOMICS / International / Economics HISTORY / Asia / India & South Asia Wirtschaftspolitik (DE-588)4066493-4 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Sozioökonomisches System (DE-588)4182012-5 gnd |
| topic_facet | BUSINESS & ECONOMICS / Development / Economic Development BUSINESS & ECONOMICS / International / Economics HISTORY / Asia / India & South Asia Wirtschaft Wirtschaftsentwicklung Wirtschaftspolitik Economic development India Sozioökonomisches System Asien Indien India Economic policy 1991- India Economic conditions 1991- |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029686913&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029686913&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
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