×

Uh-oh, it looks like your Internet Explorer is out of date.

For a better shopping experience, please upgrade now.

Reintegrating India with the World Economy
     

Reintegrating India with the World Economy

by T. N. Srinivasan, Suresh D. Tendulkar, C. Fred Bergsten
 

See All Formats & Editions

ISBN-10: 0881322806

ISBN-13: 9780881322804

Pub. Date: 03/31/2003

Publisher: Peterson Institute for International Economics

After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been

Overview

After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid growth than India at over 6 percent per year in the 1990s and two had the same as India's.

In this study, T. N. Srinivasan and Suresh D. Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system.The study covers the historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations including proposals that India could make at the ongoing Doha Round of multilateral trade negotiations.

Product Details

ISBN-13:
9780881322804
Publisher:
Peterson Institute for International Economics
Publication date:
03/31/2003
Series:
Country and Regional Studies
Edition description:
New Edition
Pages:
136
Product dimensions:
6.00(w) x 8.90(h) x 0.10(d)
Age Range:
18 Years

Table of Contents

Prefaceix
Acknowledgmentsxiii
1Introduction: Macroeconomic Crisis and Radical Reforms1
Polity and Society2
Economic Development Strategy and Performance: An Overview4
2India in the World Trading System: A Quantitative Assessment11
Economic Nationalism and Autarchic Industrialization, 1950-7313
Piecemeal Deregulation, 1974-9120
The Crisis of 1991: A Turning Point27
India's Exports in Asian Perspective53
Invisibles in India's Current Account and Software Exports58
3India in the GATT and the WTO79
The Uruguay Round80
TRIPS and India86
India and the New Round of Multilateral Trade Negotiations88
The Failed Ministerial at Seattle90
Labor, Environmental Standards, and the WTO: Key Misconceptions92
India and Multilateral Trade Negotiations after Doha93
Appendix 3.1Origins and Founding of the GATT101
4Domestic Constraints on International Participation107
Macroeconomic Management of the Economy111
Physical Infrastructure Constraints112
Financial Intermediation122
Enhancing Flexibility for Industrial Restructuring123
Conclusion132
5Conclusions and the Tasks Ahead133
The First Generation of Reforms: Achievements and Problems134
Tasks Ahead136
India and the Global Trading Environment148
Conclusion151
References153
Index159
Tables
Table 2.1Indicators of aggregate economic performance for India, 1950-51 to 2001-02
Table 2.2Selected indicators of the external sector for India, 1990-91 to 2000-01
Table 2.3India's GDP growth, 1981-2001
Table 2.4Composition of capital account inflows to India, 1990-91 to 2000-01
Table 2.5India's tariff structure, 1990-91 to 1999-2000
Table 2.6Types of nontariff barriers imposed on India's imports, 1996-2001
Table 2.7International comparison of tariff barriers
Table 2.8Foreign investment inflows to India by various categories
Table 2.9Total long-term resource flows to selected developing countries, 1990-2000
Table 2.10Foreign direct investment flows to selected developing countries, 1990-2000
Table 2.11Portfolio investment flows to selected developing countries, 1990-2000
Table 2.12Official debt flows to selected developing countries, 1990-2000
Table 2.13Private debt flows to selected developing countries, 1990-2000
Table 2.14Average imports to India of selected principal commodities, prereform and postreform triennia

Customer Reviews

Average Review:

Post to your social network

     

Most Helpful Customer Reviews

See all customer reviews