Propelling India from Socialist Stagnation to Global Power Volume 1: Growth Process

by Virmani, Arvind

• ISBN13: 9788171885305
• ISBN10: 8171885306
• Format: Hardcover
• Copyright: 2006-10-28
• Publisher: Academic Foundation

Summary

Unique in terms of both-the range of subjets and the in-depth analysis of a wide range of issues from a variety of perspectives: historical, global, institutional and political-economic. Of great interest and value are author's views on the 'tripolar world' comprising US, China and India as the dominant players in the changing Global Power Scenario. Advance Praise: Dr. Arvind Virmani's valuable research output has been captured in the two volumes making the book a comprehensive retrospect and prospect of India's economic policies and performance. The volumes are unique in terms of boththe range of subjects and the depth of analysis, and bear an imprint of remarkable intellectual integrity. These volumes would easily stand out for their impressive scholarly analysis of a wide gamut of issues from a variety of perspectives: historical, global, institutional and political-economy dimensions of the fiscal, financial and real sectors. His insightful research output and analytical prowess are well encapsulated in these two volumes. Indeed, a good reference book for researchers and policy makers alike, from a respected scholar with a policymaking background and unflinching commitment to national interests. Y.V. Reddy; Governor, Reserve Bank of India. This book by Arvind Virmani, one of India's well-know economists, is an important contribution to the contemporary debate on a wide range of policy and analytical issues. In analysing India's development experience, Dr. Virmani, devotes considerable attention to empirical research as well as his personal experience as a policy adviser to the Government of India in the Ministry of Finance. The blend of theory, research and policy makes this book eminently worthwhile for anyone interested in India's future as a fast-growing poverty free developing country. Bimal Jalan; Noted Economist and former Governor, Reserve Bank of India.

Author Biography

Arvind Virmani, is Ph.D. in Economics from Harvard University, USA (1975). His thesis supervisor was Nobel Laureate Prof. Kenneth Arrow. Dr. Virmani is presently Principle Advisor, Planning Commission, Government of India. Earlier he was Director and Chief Executive of Indian Council for Research on International Economic Relations (ICRIER), New Delhi. Earlier he has served as Senior Economic Advisor (Development Policy) in the Planning Commission, Government of India. Dr. Virmani has written on, and has research and policy papers covers, areas of Macroeconomics and Growth, External Sector and Balance of payments, Fiscal Policy and Tax Reforms, Financial Sector, Agriculture, Industry, Infrastructure, Social Sectors and Natural Resources

Table of Contents

Acknowledgements	13	(2)
Introduction	15	(10)
Section I Economic Growth: History and Lessons
1. India's Economic Growth: Fluctuations Trends, Break Points and Phases	25	(28)
2. From Socialist Rate of Growth to Bharatiya Rate of Growth	53	(48)
3. Sources of India's Economic Growth: Trends in Total Factor Productivity	101	(38)
4. China's Socialist Market Economy: Lessons of Success	139	(42)
Section II Global Growth, Power and International Relations
5. Tripolar World: India, China and USA	181	(30)
6. VIP2: A Simple Measure of a Nation's (Natural) Global Power	211	(26)
7. Economic Performance, Power Potential and Global Governance: Towards a New International Order	237	(54)
8. A Tripolar Century: USA, China and India	291	(34)
9. East Asian Regionalism and its Impact	325	(16)
10. India-China Economic Relations	341	(14)
Section III Political Economy: Social Welfare and Voting
11. Economic Growth, Governance and Voting Behaviour: An Application to Indian Elections	355	(18)
References	373	(6)
Bibliography	379	(20)
Index	399