India's Economic Growth Strategy for the New Economy

by Sengupta, Jati K.

• ISBN13: 9781403996176
• ISBN10: 1403996172
• Format: Hardcover
• Copyright: 2006-03-17
• Publisher: Palgrave Macmillan

Summary

This book outlines the dynamic strategies behind India's economic growth, fro growth theory, to the IT industry and the world, to competition and decentralization.

Author Biography

Jati Sengupta is Professor of Economics at the University of California Santa Barbara, USA.

Table of Contents

List of Tables	ix
Preface	xii
1 Growth Synergy in India: a Challenge	1	(38)
1.1 Growth synergy: processes and problems	3	(8)
1.2 Korea and India	11	(2)
1.3 Growth synergy in India	13	(4)
1.4 Global challenge in software markets	17	(10)
1.5 Core competence as global strategy	27	(3)
1.6 Recent policy trends	30	(4)
1.7 Concluding remarks	34	(5)
2 Lessons of Growth Experience	39	(36)
2.1 The Chinese growth experience	39	(8)
2.2 NICs in Asia	47	(5)
2.3 Japan's experience	52	(3)
2.4 India and the US	55	(3)
2.5 Lessons for India	58	(17)
3 Learning from Growth Theory	75	(22)
3.1 Market efficiency: Adam Smith	76	(3)
3.2 Scale economies: Alfred Marshall	79	(3)
3.3 Innovation efficiency: Schumpeter	82	(3)
3.4 Technical progress: Solow	85	(3)
3.5 Spillover technology: Lucas	88	(3)
3.6 Growth as evolution: Ronald Fisher	91	(6)
4 Growth of the IT Industry: India and the World	97	(33)
4.1 Fitness principle and core competence	97	(2)
4.2 Growth of the IT industry in the US	99	(11)
4.3 The new economy and the Indian IT industry	110	(5)
4.4 Growth transmission: from old to new	115	(9)
4.5 World competition: today and tomorrow	124	(6)
5 Science and Technology in India's Growth	130	(42)
5.1 Competitiveness and specialization	131	(5)
5.2 Growth strategy for the new economy	136	(4)
5.3 Education and skill development	140	(6)
5.4 NIC models in Asia: Taiwan, China and Korea	146	(17)
5.5 Research and technology in India's growth	163	(9)
6 India's New Economy: Competition and Decentralization	172	(31)
6.1 Competence in organizations	172	(4)
6.2 Improving competitiveness	176	(5)
6.3 Models and methods of decentralization	181	(4)
6.4 Strategy for structural transformation	185	(10)
6.5 India's growth: the promise and the potential	195	(8)
Index	203