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The Milk Break

On the Turnpike

Indian Economy Since 1947
& Indian Economic Service at 50
T.C.A. Srinivasan-Raghavan
 

On the Turnpike traces the origin and history of the Indian Economic Service and in the process provides fascinating glimpses into how economic policy in India was shaped, the drama behind the various Budgets, and the thinking and compulsions that led to key decisions being made. It also captures the personalities of the key players who shaped these policies.

The book describes the circumstances under which the Cadre for advising and shaping economic policy under the Ministry of Finance was born, the contributions it has made, the challenges it has faced and the path ahead.

Those looking for a quick and comprehensible insights into the wisdom and follies of Indian economic policy over the last 60 years will find this book instructive and amusing.

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An Agenda for India's Growth

An Agenda for India's Growth

Essays in Honour of P. Chidambaram

Sameer Kochhar, Skoch (Ed.)

 
Since 1991, P. Chidambaram has been deeply involved with the economic reforms that have changed India for the better. He firmly believes that economic freedom is linked not just to higher growth, more jobs and larger incomes, but has undeniable connections to political freedom, empowerment, transparency and good governance. This book is as much a tribute to Chidambaram's eloquent advocacy of economic freedom—and the courage he displayed in implementing it—as about setting the agenda for the country's next wave of reforms.

The authors of the essays in this volume are accomplished experts in their respective spheres. Together, they cover a wide range of issues: fiscal and monetary policies, strengthening financial inclusion, revitalising agriculture, buoying stock markets, policy on natural resources, external trade reforms, urban infrastructure renewal and security aspects to growth. The volume not only offers perceptive analyses on these topics but also charts out the clear roadmap for a growth-oriented, caring and compassionate agenda for the country's future.

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Delhi Human Development Report 2013

Delhi Human Development Report 2013

improving lives, promoting inclusion

 

 
During the last few years, Delhi has experienced significant prosperity and expanding employment opportunities along with considerable improvements in infrastructure, basic services and amenities. Home to about 17 million people, the city attracts thousands of migrants every year, who arrive in search of livelihoods and educational opportunities. Delhi has emerged as a sort of microcosm of the entire country, unmatched in characteristics and spirit by any other city of India.

The Delhi Human Development Report 2013 discusses the various aspects of the prevailing human development scenario in Delhi, including employment, livelihood, educational opportunities, healthcare, basic services and amenities, as well as the issue of public safety that has been a source of widespread concern in the recent past.

While encompassing both the achievements and emerging challenges that constantly confront this vibrant city, the Report not only relies on the latest statistics and available information, but also analyses the findings of a large survey of about 8000 households. This was carried out to identify the perceptions and aspirations of the citizens belonging to various groups. The Report documents the tremendous positive changes taking place in Delhi in numerous spheres, signifying the dynamics of its socio-economic development along with the monumental task of ensuring that the benefits of prosperity accrue to all, especially the less privileged sections of its society. In essence, therefore, this Report is both a mirror to the city and an endeavour to promote inclusion and equity at various levels.

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The Reserve Bank of India

The Reserve Bank of India

Volume 4: 1981-1997

Reserve Bank of India

 

This fourth volume in the series of the history of the Reserve Bank of India covers the 16 eventful years from 1981 to 1997. It is published in two parts, which ideally should be read as a continuum.

Part A focuses on the transformation of the Indian economy from a regime of restrictions to progressive liberalisation. The 1980s were characterised by an expansionary fiscal policy accompanied by automatic monetisation of budgetary deficit that strained the conduct of monetary policy. Similarly, a heavily regulated banking system impaired efficiency. The domestic macroeconomic imbalances combined with deteriorating external conditions triggered the balance of payments (BoP) crisis of 1991. Subsequent reforms ushered in far reaching changes not only in the economy but also in central banking.

Part B of the volume captures the implementation of structural and financial sector reforms: fiscal correction and phasing out of automatic monetisation; development of government securities market; and greater integration among money, securities and foreign exchange markets. It also covers the transformation in banking with liberalisation and improvement in credit delivery. At the same time the Reserve Bank had to contend with a securities scam which led to the introduction of better control systems and strengthening of the payment and settlement systems.

With the introduction of financial sector reforms, the Reserve Bank adopted a more active communication strategy. The organisational structure of the Reserve Bank also changed in response to domestic necessities and international developments. The Bank embarked upon technological transformation and upgraded its systems and procedures to manage its operations effectively.

This volume is more than a mere narrative of the history of the Reserve Bank; it also provides valuable insights into India's economic development and policy during an eventful and significant period.

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India’s Evolving Economy

India’s Evolving Economy

Puzzles and perspectives

A. Vaidyanathan

 
This book presents essays on: growing divergence between agriculture and the rest of the economy; growth of tertiary sectors & FCI; poverty alleviation & equitable distribution; widening financial sector; rapid growth of gold imports & their implications; role of the politics, politicians, decentralisation & institutions for management of common pool resources; and importance of reliable data for informed policy making & public debate.

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India : A Pocket Book of Data Series, 2013

India : A Pocket Book of Data Series, 2013

 

EPW Research Foundation

 
The EPW Research Foundation brings you a one-stop resource for all important economic and social data on India.

NEW, 3rd Edition...
India: A Pocket Book of Data Series / 2013

The development of independent India from an agrarian stage to a modern economy began in the early 1950s. After the first four decades of planning, India embarked upon a series of economic and financial sector reforms in the early 1990s. While India has continually been undergoing a socio-economic and structural transformation, its economic growth has accelerated in the past two decades. Since 2004, it has been on an even higher growth trajectory. This pocket book from EPW Research Foundation captures these trends and patterns, from data sets for a variety of social and economic indicators and presents them in a compact manner in both discrete and continuous annual series. The five major components of data sets are: Macro Economy, Social Sector, Infrastructure, Profile of States and International Comparison. It is a quick and handy reference tool for academics, executives, students and researchers and for anybody interested in the saga of India’s development.

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Fighting Corruption

Fighting Corruption

The Way Forward

Samuel Paul (ED.)

 
More people today are ready to fight corruption in India’s public life than ever before. Very few, however, know what it takes to achieve corruption free governance. The causes and manifestations of corruption are multiple and complex. In the final analysis, it is actions by the state, its institutions and civil society that are critical to achieving corruption control. We need both preventive and punitive measures to successfully fight corruption.

This book examines the phenomenon of corruption from multiple perspectives and proposes an agenda of reform that has the potential to achieve corruption control. The contributors to this volume believe that without a major reform of India’s rather opaque and dysfunctional governance system, corruption free governance will remain a mere dream. Reform of the financing of political parties and elections, ways to minimise conflicts of interest and the capture of policymaking and regulatory regimes, redesign of service delivery systems, the scaling up of e-Governance to enhance transparency and accountability, and support to several important reforms already under way in government, are the way forward to effectively bring corruption under control.

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Growth and Equity

Growth and Equity

Essays in Honour of Pradeep Mehta

Nitin Desai AND Rajeev D. Mathur (edS.)

 
This volume is a rich collection of analytical essays penned by those who have been closely associated with Pradeep worldwide. The broad message that comes from the contributions is the importance of open global trading systems, competitive and contestable markets domestically, coordination and regulation of national and global action on this, effective partnerships and representative global governance. The essays cover three main areas: Trade and Development, Competition and Economic Regulation and Governance. A thread that runs through the contributions is the importance of participatory citizenship and civil society activism. These are the areas in which Pradeep Mehta and CUTS have been most active over many decades and this Festschrift is truly an appropriate tribute to his commitment and dedication to the notion that every citizen is a consumer and every consumer is a citizen.

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Human Development Report 2013

Human Development Report 2013

The Rise of the South: Human Progress in a Diverse World

United Nations

 

The 21st century is witnessing a profound shift in global dynamics, driven by the fast-rising new powers of the developing world. China has overtaken Japan as the world’s second biggest economy, lifting hundreds of millions of people out of poverty in the process. India is reshaping its future with new entrepreneurial creativity and social policy innovation. Brazil is raising its living standards by expanding international relationships and antipoverty programmes that are emulated worldwide.

But the “Rise of the South” is a much larger phenomenon. Indonesia, Mexico, South Africa, Thailand, Turkey and other developing countries are becoming leading actors on the world stage. The 2013 Human Development Report identifies more than 40 developing countries that have done better than expected in human development in recent decades, with their progress accelerating markedly over the past 10 years.

Each of these countries has its own unique history and has chosen its own distinct development pathway. Yet they share important characteristics and face many of the same challenges. They are also becoming more interconnected and interdependent. And people throughout the developing world are increasingly demanding to be heard, as they share ideas through new communications channels and seek greater accountability from governments and international institutions.

The 2013 Human Development Report analyses the causes and consequences of the continuing “Rise of the South” and identifies policies rooted in this new reality that could promote greater progress throughout the world for decades to come. The Report calls for far better representation of the South in global governance systems and points to potential new sources of financing within the South for essential public goods. With fresh analytical insights and clear proposals for policy reforms, the Report charts a course for people in all regions to face shared human development challenges together, fairly and effectively.

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How’s Life? Measuring Well-Being

How’s Life?

Measuring Well-Being

OECD

Every person aspires to a good life. But what does “a good or a better life” mean? This report looks at the most important aspects that shape people’s lives and well-being: income, jobs, housing, health, work and life balance, education, social connections, civic engagement and governance, environment, personal security and subjective well-being. It paints a comprehensive picture of well-being in OECD countries and other major economies, by looking at people’s material living conditions and quality of life across the population. The report responds to the needs of citizens for better information on well-being and of policy makers to give a more accurate picture of societal progress.

The report finds that well-being has increased on average over the past fifteen years: people are richer and more likely to be employed; they enjoy better housing conditions and are exposed to lower air pollution; they live longer and are more educated; they are also exposed to fewer crimes. But differences across countries are large. Furthermore, some groups of the population, particularly less educated and low-income people, tend to fare systematically worse in all dimensions of well-being considered in this report: for instance they live shorter lives and report greater health problems; their children obtain worse school results; they participate less in political activities; they can rely on lower social networks in case of needs; they are more exposed to crime and pollution; they tend to be less satisfied with their life as a whole than more educated and higher-income people.

How’s Life? is part of the OECD Better Life Initiative, launched by the Organization on the occasion of its 50th Anniversary. The OECD Better Life Initiative aims to promote “Better Policies for Better Lives”, in line with the OECD’s overarching mission. One of the other pillars of the OECD Better Life Initiative is the Your Better Life Index (www.oecdbetterlifeindex.org), an interactive composite index of well-being that aims at involving citizens in the debate on societal progress.

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From Poverty to Power (2nd Edition)

From Poverty to Power (2nd Edition)

How Active Citizens and Effective States Can Change the World

Duncan Green

Seismic events have convulsed global markets since 2008, when this book was first published, and world news has been full of stories reflecting a profound sense of uncertainty about global futures. In response, this new edition of From Poverty to Power has been fully revised and now includes a new chapter with an in-depth analysis of the human impact of the global financial and food crises.

From Poverty to Power argues that a radical redistribution of power, opportunities, and assets rather than traditional models of charitable or government aid is required to break the cycle of poverty and inequality. Active citizens and effective states are driving this transformation.

Why active citizens? Because people living in poverty must have a voice in deciding their own destiny and holding the state and the private sector to account. Why effective states? Because history shows that no country has prospered without a state structure that can actively manage the development process.

There is now an added urgency: climate change. We need to build a secure, fair, and sustainable world within the limits set by scarce resources and ecological realities.

From Poverty to Power should be read by students, researchers, NGO workers and all those who want to contribute to ending global poverty.

Duncan Green is Senior Strategic Adviser at Oxfam GB.

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Gujarat: Governance for Growth and Development

Gujarat

Governance for Growth and Development

Bibek Debroy

Gujarat's macroeconomic growth story has been commented upon. This is not just about a double-digit GSDP growth in the last 10 years. It is also about an even more remarkable double-digit growth in agriculture. However, questions are often raised about this growth. Isn't this just about industry and manufacturing? What about the social sectors? What about deprived segments of the population and deprived geographical areas? Haven't they been bypassed ?

Growth isn't the same as development.

This book isn't about Gujarat's growth alone. It is about development too. It isn't just about vibrant industry. It is also about the perceptible improvement in social sectors, especially noticeable after 2007. It is a story of education and health, water, electricity and roads. It is a story of how these benefits have trickled down and how deprived segments have been main-streamed. That Gujarat model, so to speak, has implications for other States too, since it is about governance, efficient public expenditure, decentralisation and participatory planning. The focus of this book, deliberately not written in an academic style, is to draw attention to that development template. While there can be disagreement about what the Gujarat model represents, and what it does not, and about what made the Gujarat model work, before any debate, there ought to be a statement of the facts. That's what this book sets out to do.

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The Global Social Crisis

The Global Social Crisis

Report on the World Social Situation

United Nations

During 2008-2009, the world experienced its worst financial and economic crisis since the Great Depression of the 1930s. The crisis followed the effects of the food and fuel price hikes in 2007 and 2008. In 2009, global output contracted by 2 per cent.

This 2011 Report on the World Social Situation reviews the ongoing adverse social consequences of these crises after an overview of its causes and transmission. While a deeper, more pro-longed global recession has been averted by coordinated stimulus measures, the recovery is nonetheless fragile and uneven. The economic slowdown has reduced social spending in most developing countries while the turn to fiscal austerity has undermined social spending in developed countries.

The Report points to the rapid rise in unemployment and vulnerability, especially in developing countries without comprehensive social protection in the wake of the global economic crisis. Tens of millions more people fell into, or were trapped in, extreme poverty because of the global crisis, while the number of people living in hunger in the world rose to over a billion in 2009, the highest on record.

The global economic downturn has had wide-ranging negative social outcomes and set back progress towards achieving the internationally agreed development goals, including the Millennium Development Goals. Given the fragility of the economic recovery and uneven progress in major economies, social conditions are only expected to recover slowly. The increased levels of poverty, hunger and unemployment will continue to affect billions for years to come.

The Report strongly underscores important lessons from national responses to the global crisis, the importance of inclusive social policies and the need for universal social protection. A key conclusion is that countries need to be able to pursue countercyclical policies in a consistent manner.

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Global Employment Trends 2012

Global Employment Trends 2012

Preventing a deeper jobs crisis

ILO

The annual Global Employment Trends assesses economic and social developments in global and regional labour markets. Based on the most recently available data and taking into account the macroeconomic context, the report sheds light on employment and unemployment dynamics, providing estimates and short-term projections of employment by sector, vulnerable employment, labour productivity and the working poor, as well as offering analysis of country-level issues and emerging labour market trends. Building on the ILO's Key Indicators of the Labour Market, the report also includes a consistent set of tables with regional and global estimates and projections of these labour market indicators.

Global Employment Trends 2012: Preventing a deeper jobs crisis reveals a global labour market in severe distress, with one out of three people in the labour market currently either unemployed or poor. The report calls for decisive, coordinated action to reduce the uncertainties that are holding back private investment and to restart the engine of global job creation.

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Economic and Social Survey of Asia and the Pacific 2012

Economic and Social Survey of Asia and the Pacific 2012

Pursuing Shared Prosperity
In an Era of Turbulence and High Commodity Prices

United Nations

The Asia-Pacific region continues to face a deeply challenging external environment. The V-shaped recovery from the depths of the 2008-2009 global financial crisis in 2010 proved to be short-lived, as the world economy entered the second stage of the crisis in 2011, due to euro zone debt concerns and the continued uncertain outlook for the United States economy. The region will be affected by slackening demand for its exports and higher costs of capital, as well as by loose monetary policies and trade protection measures of some advanced economies.

Despite the slowdown, Asia and the Pacific remains the fastest growing region globally. It also serves as an anchor of stability and has emerged as a growth pole for the world economy. South-South trade with Asia and the Pacific in 2012 will help other developing regions, such as Africa and Latin America, further reduce their dependence on low-growth developed economies.

Another key challenge for the Asia-Pacific region is volatile and high commodity prices, which are likely to become the "new normal" of the global economy. The commodity boom presents risks as well as opportunities. Price shifts will change incentives, but the cautionary message is that less-developed economies should resist the impulse towards commodity specialization, which, in turn, can delay industrialization and economic diversification.

The 2012 edition of the oldest and most comprehensive annual review of development in this vast and diverse region, the Economic and Social Survey of Asia and the Pacific highlights critical challenges and options for policymakers. These include the need to better manage the balance between growth and inflation; coping with capital flows and exchange rate volatility; addressing jobless growth and unemployment; and tackling serious and growing inequalities.

Turbulence and volatility generate uncertainty. In these challenging times, the Survey 2012 can serve as a important resource to achieve more resilient, inclusive and sustainable development for Asia and the Pacific.

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World Trade Report 2012

World Trade Report 2012

1995-2011: 2012 Edition

World Trade Organization (WTO)

The World Trade Report 2012 ventures beyond tariffs to examine other policy measures that can affect trade. Regulatory measures for trade in goods and services raise new and pressing challenges for international cooperation in the 21st century. More than many other measures, they reflect public policy goals (such as ensuring the health, safety and well-being of consumers) but they may also be designed and applied in a manner that unnecessarily frustrates trade. The focus of this report is on technical barriers to trade (TBT), sanitary and phytosanitary (SPS) measures (concerning food safety and animal/plant health) and domestic regulation in services.

The Report examines why governments use non-tariff measures (NTMs) and services measures and the extent to which these measures may distort international trade. It looks at the availability of information on NTMs and the latest trends concerning usage. The Report also discusses the impact that NTMs and services measures have on trade and examines how regulatory harmonization and/or mutual recognition of standards may help to reduce any trade-hindering effects.

Finally, the Report discusses international cooperation on NTMs and services measures. It reviews the economic rationale for such cooperation and discusses the efficient design of rules on NTMs in a trade agreement. It examines how cooperation has occurred on TBT/SPS measures and services regulation in the multilateral trading system, and within other international forums and institutions. A legal analysis is provided regarding the treatment of NTMs in WTO dispute system and interpretations of the rules that have emerged in recent international trade disputes. The Report concludes with a discussion of outstanding challenges and key policy implications.

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WTO Dispute Settlement: One-Page Case Summaries

WTO Dispute Settlement: One-Page Case Summaries

1995-2011: 2012 Edition

World Trade Organization (WTO)

One-Page Case Summaries provides a succinct summary of the key findings of every dispute panel report up to the end of 2011 and, where applicable, the subsequent Appellate Body report.

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A Practical Guide to Trade Policy Analysis

A Practical Guide to Trade Policy Analysis

The World Trade Organization and the United Nations Conference on Trade and Development

 

A Practical Guide to Trade Policy Analysis, co-published by the World Trade Organization and the United Nations Conference on Trade and Development, provides the main tools for the analysis of trade policy. Written by experts with practical experience in the field, this publication outlines the major concepts of trade policy analysis and contains practical guidance on how to apply them to concrete policy questions.

The Guide has been developed to contribute to the enhancement of developing countries’ capacity to analyse and implement trade policy. It is aimed at government expertsengaged in trade negotiations, as well as students and researchers involved in trade-related study or research.

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Nhava & Sheva

Nhava & Sheva

Battling for the Environment: Oil, Ports and the Coastline

Shyam Chainani

 

The battle for Nhava-Sheva, probably was the turning point that made Shyam into an activist for the environment. It was the struggle against Rashtriya Chemicals Fertilizers (RCF) which wanted to build a fertilizer plant on the beach and ONGC that wanted to build a materials dump at Nhava that fired up Shyam to fight for the preservation of the coastline.
It is the fight for Nhava Sheva that resulted in the CRZ rules being promulgated by Mrs Indira Gandhi.
Ashok H Advani, Publisher, Business India Group of Publications

This is a story about one man’s passion. It describes his relentless, almost obsessive crusade to save the pristine islands of Nhava and Sheva from the bulldozers’ and builders’ axes. Located a few miles off the coastline of Mumbai, these islands are also home to the famed Nhava Sheva port. His battle began when concern for the environment was almost unheard of. He made some friends and even more enemies; but undeterred he carried on.
Sheila Shahani, Editor, Inside Outside

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Regional Economic Outlook

Regional Economic Outlook

Asia and Pacific

Managing Spillovers and Advancing Economic Rebalancing (April 2012)

International Monetary Fund
 

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South-South Collaboration in Health Biotechnology

South-South Collaboration in Health Biotechnology

Growing Partnerships amongst Developing Countries

Halla Thorsteinsdóttir (ed.)

 
The book South-South Collaboration in Health Biotechnology analyses collaboration among developing countries. It disseminates results from a large scale project on health biotechnology collaboration, involving six research groups based in Brazil, Canada, China, Egypt, India and Zambia led by the University of Toronto, Canada. It focuses both on health biotechnology collaboration in emerging economies such as China and India, and in lower income developing countries such as Bangladesh. The book provides a detailed analysis of collaboration between public sector institutions and of partnerships between firms in developing countries.

This book will be of particular interest to the science, policy, academic and business communities worldwide, as well as to a general audience interested in development and innovation.

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Moving out of Poverty

Moving out of Poverty

Volume 3—The Promise of Empowerment and Democracy in India

Deepa Narayan (ed.)

 
The Moving Out of Poverty series presents the results of new comparative research across more than 500 communities in 15 countries on how and why poor people move out of poverty. The findings lay the foundations for new policies that will promote inclusive growth and just societies, and move millions out of poverty.

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World Economic Outlook

World Economic Outlook

Better jobs for a better economy

ILO • IILS

 
 

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India-Azerbaijan

India-Azerbaijan

The Silk Route Connection

Nivedita Das Kundu (Ed.)

 
The relationship between India and independent Azerbaijan has now endured well over a decade. The silk route connection between India and Azerbaijan is very significant since early times, when Indian merchants used to pass through Azerbaijan while traveling towards Europe. Due to Azerbaijan’s central location in the Silk Route, Azerbaijan emerged as the largest trade centre on the long stretch of the Silk Route. In this book, mutual interest, challenges and opportunities for diversifying cooperation in various sectors have been discussed. This book reflects the changing dynamics of the situation in both the countries and their mutual needs and requirements to improve the bilateral relationship.

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Microfinance in India

Microfinance in India

Issues, Problems and Prospects:
A Critical Review of Literature

S.L. Shetty

 
The study is an epitome of the mind-boggling flurry of literature on the subject of microfinance. But, it has gone far beyond the review of literature on the concept, country models and history of microfinance movement in India; it has provided a thematic work on the factual profiles of different microcredit programmes prevalent in the country and their progress, The book contains a very up-to-date review of the regulatory measures and their nuances and a detailed review of the evaluation and impact studies. The book also dwells on the limitations of the mFI movement to satisfy the credit needs of the vast informal sector enterprises which also seem to get generally neglected by the formal financial institutions. This has led the study to a review of the new initiatives which the authorities have taken under the broad theme of ‘financial inclusion.’ Keeping the broader objective of distributional goals embedded in the microfinance movement, the book attempts an assessment of the wider challenges faced by the financial system, and provides a dossier of suggestions for reaching out to the small and informal sectors on a more effective scale. As for the mFI movement itself, apart from bringing out it potentialities and also critiquing it, the study presents a set of suggestions for strengthening and expanding its role.

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Economic Reforms and Small Farms

Economic Reforms and Small Farms

Implications for Production Marketing and Employment

Parmod Kumar • Sandip Sarkar

 
This book looks at the impact of recent agriculture-related policy changes on the emerging production, marketing and earning status of small versus large farmers based on primary and secondary data. Comparing two contrasting states of Punjab and Bihar, the study finds that whereas Punjab farming set the course of commercialisation way behind in the early seventies and the state has bright prospect for a new phase of corporatisation leading to ascendancy of processing and value addition, Bihar agriculture is still caught in the web of subsistence farming. Majority of holdings being marginal and small in the state, the mechanisation and commercialisation of agriculture is still at a rudimentary stage and farmers have to depend on non-farm activities to make their daily earnings. Farm income was the chief source of household income in Punjab with 76 per cent share, whereas contribution of farm income in total household income was only 36 per cent in Bihar. Farmers’ opinion about the globalisation process revealed that only the large and medium farmers stood better off after the reform process whereas for the landless and small farmers, it has become difficult to eek-out their livelihood. For setting course for the future, understanding the current status of globalisation is necessary. Different policy actions in different states are de rigueur to bring the farmers out of their dilemmas especially the small and marginal ones who are at the ebb of deprivation.

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Organising Poor Women

Organising Poor Women

The Andhra Pradesh Experience

S. Mahendra Dev • Ravi Kanbur S. Galab • G. Alivelu (EDs.)

 
Why does poverty, particularly poverty among women, persist? One reason might be that we do not have the appropriate knowledge on which to base policies and interventions. But even if there was technical consensus on how to reduce poverty, the real issue is whether the power structures in society will allow interventions that reduce the advantages of the wealthy. Without power, the poor in general and poor women in particular, will not be able to argue for and to force the introduction of policies and interventions that improve their well-being. Hence, the need for empowerment. Organisations of the poor are central to inclusive growth. Andhra Pradesh has been in the forefront of promoting these organisations, especially for poor women. This volume assesses and analyses the Andhra Pradesh experience. The papers in the volume will be useful to researchers and policymakers alike since they chart a specific and concrete experience in enhancing organisations of poor women.

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Microfinance and Financial Inclusion

Microfinance and Financial Inclusion

 
S. Teki • R.K. Mishra
 
Financial inclusion is instrumental to the inclusive growth process and sustainable economic development of India. There has been increasing awareness and realisation that financial services hold the key to mainstreaming the poor and disadvantaged with the development of the country. Inadequacies in rural access to formal financial system and the seemingly extortionary terms of informal finance for the poor warrant a strong need and ample space for innovative approaches to serve the financial needs of India’s rural poor. Over the last decade and a half, toils have been made by government financial institutions, and NGOs, often in partnership, to develop new financial delivery approaches. Financial inclusion stands for provision of important financial services like credit, savings, insurance and remittances at an affordable cost to the disadvantaged, marginal and low-income groups across sections of the society. The primary goal of financial inclusion is to broaden the scope of activities of the formal financial system that could tag the poor people with low incomes into formal financial system in a gradual manner with focus on freeing the poor people from poverty.

The book has indeed come of age, and would become a significant source of work on microfinance and financial inclusion in India. This book is unique in that it combines financial inclusion, microfinance and special financial institutions striving for providing access to financial services to the poor. This aptly timed book will be relevant for the academic world, researchers, policymakers, government, business organisations, not for profit organisations and development thinkers.

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The Nature and Grounds of Political Obligation in the Hindu State

The Nature and Grounds of Political Obligation
in the Hindu State

New edition of the original 1935 classic
J.J. Anjaria
 

Professor J.J. Anjaria presents a lucid overview of the role of the State in Hindu thought and its connection to the modern State. The starting point is Dharma, which in Hinduism furnishes the elegant conceptual framework to understand the universe—and thereby also the nature of political obligation and the purpose of human activity. In particular, Hindu thought sees the State and its rulers as subservient to Dharma.

Prof. Anjaria argues that in modern times State regulation of men and institutions based on birth, power, wealth, or gender will block the fulfillment of the individual’s true aspirations and the development of a harmonious society. He calls for a renewed concept of Dharma, which would allow the State, in a true democracy, to fulfill its crucial role of supporting individual human endeavor. This requires moving away from the old view of Dharma, which over the centuries came to be implemented as a rigid, static set of rules that sought to preserve a status quo.

This work offers fresh insight into ancient Hindu political theory and a new perspective on Prof. Anjaria’s scholarship.

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Monetary Governance in Search of New Space

Monetary Governance in Search of New Space

Emerging Market Economy Perspectives
A. Vasudevan
 

The book is about the times in which we live. The context is the current global economic and financial crisis, caused by human inter-ventions that were bereft of transparency and commitment to sound market discipline. Governments and central banks are groping for quick solutions to assuage the growing anger of societies over the rising economic inequalities, unemployment and inflation.

The need of the hour is to set in place good monetary governance. Monetary governance consists essentially of institutional mechanisms and processes required for sound functioning of the tasks that devolve on Governments and central banks. It focusses on issues relating to the functional area of macroeconomic management. It is distinct from financial governance which deals mainly with portfolio management and asset distribution within the context of the principles and policies laid down by macroeconomic managers.

The book deals with the institutional requirements, the rainbow of interests, the analytics and the international dimensions of monetary governance in detail from the point of view of emerging market economies. Vasudevan argues, the way forward from the present state of policy-disarray lies in bestowing focus on accountability, knowledge-centric information and structural reforms as the points of policy pursuit.

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Two Decades of Economic Reforms

Two Decades of Economic Reforms

Towards Faster, Sustainable and More Inclusive Growth
Uma Kapila (ED)
 
India has travelled through a remarkable journey in the last two decades. This book depicts the journey and the challenges ahead through the writings of eminent economists, scholars, policymakers and experts in respective fields.

India has come a long way and today the world acknowledges this achievement but much more needs to be done on the ‘human face’ aspects of reforms which has been well covered in various papers in this book.

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Regional Economy of India

Regional Economy of India

 
Deepak Mohanty (ED)
 

It is increasingly recognised that to achieve inclusive growth and sustain growth momentum, regional economy is of criti- cal importance. Given the divergence in growth potential, financial developments and inflation across regions in India, studies on regional economies become particularly relevant. This volume makes an attempt to place in public domain select work on various aspects of the regional economy by economists working in the central and regional offices of Reserve Bank of India.

The papers find that while the share of agriculture has shrunk across the states, the share of services has risen sharply. However, industrial growth remains uneven. Urban-rural inequality has worsened. There is a need for concerted action on agricultural growth and infra-structure development besides increasing the penetration of formal financial sector to alleviate the constraints on growth and to control inflation. There is also need to prioritise expenditure towards social sector to develop the quality of the labour force and promote well-being.

This volume is aimed at stimulating further policy-oriented research on various aspects of regional economy as well as contributing to better policymaking.

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Policymaking for Indian Planning

Policy-Making for Indian Planning

Essays on Contemporary Issues in Honour of
Montek S. Ahluwalia
Sameer Kochhar(Ed.)
 
A key figure in India's economic reforms from the early 1980s onwards,  ..Montek Singh Ahluwalia's fingerprints can be found in policies from economics to education reform, and he has been a driving force in the liberalisation programme of the past 20 years or more. The Oxford-educated economist spent 11 years with the World Bank in Washington before returning to India in 1979 to work as an economic adviser to the government. His commitment to poverty alleviation and inclusive growth can be found in his early writings and as Deputy Chairman of the Planning Commission, he has managed to translate this into the country’s Plan process. He is also the harbinger of partici-patory planning wherein for the first time Planning Commission started inviting suggestions and feedback for the 12th Five Year Plan. This festschrift comprises a range of essays covering different drivers of economic growth and development, providing not only an insight into policymaking and its impact, but also directions for India if it is to become a major player in the global economy. This book is a must-read for students of deve-lopment economics and political economy and is highly recommended for graduate students, academics and professionals interested in economic issues of developing countries.

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A Centenary History of the Indian National Congress (Vol. V)

A Centenary History of the Indian National Congress

Volume V: 1964-1984

Pranab Mukherjee, (Chair., ED.)

Aditya Mukherjee, (ED.)

The concluding volume of the Centenary History discusses the period when, under the aegis of Indira Gandhi, India attained an accelerated pace of development; and provided leadership of distinction to the Non-aligned Movement. It also covers the events of 1984 and delineates the new horizons of development under the steward-ship of Rajiv Gandhi.

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A Centenary History of the Indian National Congress (Vol. IV)

A Centenary History of the Indian National Congress

Volume IV: 1947-1964

B.N. PANDE (General Ed.)

Iqbal Narain, (ED.)

The fourth volume of the Centenary History highlights the social, political and economic development of India during the years when Jawaharlal Nehru was Prime Minister of the country.

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A Centenary History of the Indian National Congress (Vol. III)

A Centenary History of the Indian National Congress

Volume III: 1935-1947

B.N. PANDE (General Ed.)

M.N. Das, (ED.)

The third volume of the Centenary History deals with the manner in which the Congress, under the stewardship of Mahatma Gandhi, Jawaharlal Nehru and a distinguished galaxy of nationalist leaders, finally liberated India from the shackles of British imperialism.

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A Centenary History of the Indian National Congress (Vol. II)

A Centenary History of the Indian National Congress

Volume II: 1919-1935

B.N. PANDE (General Ed.)

Ravinder Kumar, (ED.)

The second volume of the Centenary History touches upon the transformation of the Congress into a party of the people under the aegis of Mahatma Gandhi. This volume also deals with the dissemination of socialist ideas within the national movement through the initiative of Jawaharlal Nehru.

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A Centenary History of the Indian National Congress (Vol. I)

A Centenary History of the Indian National Congress

Volume I: 1885-1919

B.N. PANDE (General Ed.)

N.R. Ray, (ED.)

The first volume of the Centenary History deals with the founding of the Congress and its growth into the premier organisation of the national movement in India.

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Structural Innovation for Inclusive Development in Bihar

Structural Innovation for Inclusive Development in Bihar

The Navodaya Shahar Model
Harsh Singh
 

Under the National Democratic Alliance (NDA) rule led by the charismatic Chief Minister Nitish Kumar, Bihar, one of the poorest states in India has seen a spectacular turnaround since 2006 so much so that some see the potential of the next green revolution in India sprouting from this Gangetic plain.

The book, Structural Innovation for Inclusive Development in Bihar: The Navodaya Shahar Model explores this recent resurgence in Bihar and shows that policy options in the medium term are highly limited. The usual route of rural-urban transformation stands blocked and the vast rank of the rural landless continues to swell in this second most populous state in India. Floods of outmigration have provided a safety valve. But unless internal mobility is generated through rapid structural transformation, the human development baseline will not budge, nor will the specter of mass poverty begin to thaw.

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Reflections from the Frontline

Reflections from the Frontline

Developing Country Negotiators in the WTO
Pradeep S. Mehta, Atul Kaushik and Rashid S. Kaukab (Eds.)
 

This book gives a substantive account of the evolution of the WTO Doha Development Agenda (DDA) Negotiations and the role of developing country coalitions and alliances. The reflections are those of former and current developing country negotiators on their firsthand experience of WTO nego¬tiations. They have explained the mandate for these negotiations, particularly the development dimension; have described the progress including developments at key moments like the WTO Ministerial Confer¬ences in Cancun (2003) and Hong Kong (2005); and have drawn lessons from negotiating strategies and tactics applied to-date by developing countries.

The book is divided into three parts. Part I provides an overview, giving insights on how negotiations on trade and econo¬mic relations are conducted in the multi¬lateral trading system as well as the key points of DDA substantive negotiations and main developing country alliances and coali¬tions. Part II covers the negotiating experi¬ence on specific subjects in the Doha Round including cross-cutting issues. Finally, Part III deals with coalition building efforts by developing countries and the impact of these coalitions on the negotiations.

The sixteen chapters included in the publication give a rich resume of increasing and more effective developing country participation in the WTO. Authors have brought to fore the twists and turns of the decade long Doha Round, often based on their own experience and perspectives. Such intimate insights are rarely found in the existing literature on the WTO negotia¬tions. Authors have also offered suggestions to unlock the stalemate in the DDA and reach a balanced and development-friendly conclusion.

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India: A Pocket Book of Data Series / 2012

India: A Pocket Book of Data Series / 2012

NEW, 2nd Edition...
EPW Research Foundation
 

The development of independent India from an agrarian stage to a modern economy began in the early 1950s. After the first four decades of planning, India embarked upon a series of economic and financial sector reforms in the early 1990s. While India has continually been undergoing a socio-economic and structural transformation, its economic growth has accelerated in the past two decades. Since 2004, it has been on an even higher growth trajectory. This pocket book from EPW Research Foundation captures these trends and patterns, from data sets for a variety of social and economic indicators and presents them in a compact manner in both discrete and continuous annual series. The five major components of data sets are: Macro Economy, Social Sector, Infrastructure, Profile of States and International Comparison. It is a quick and handy reference tool for academics, executives, students and researchers and for anybody interested in the saga of India’s development.

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Outlook of the North East India

Outlook of the North East India

An Agricultural Perspective
Kamal Kumar Datta • Subhasis Mandal
 

This book indicates several novel opportunities for new investments that can catalyse the development process of the NER with special focus on agriculture and tries to propagate a new principle on the promotion of sustainable agriculture while conserving the biodiversity.

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India-Korea

India-Korea

DIALOGUE FOR A 21ST CENTURY PARTNERSHIP
Choong Yong Ahn • Pravakar Sahoo (Eds.)
 

Choong Yong Ahn is a distinguished Professor of Graduate School of International Studies at Chung-Ang University, Korea. He is also a Foreign Investment Ombudsman at Korea Trade and Investment Promotion Agency.

Pravakar Sahoo is an Associate Professor at Institute of Economic Growth (IEG), Delhi University, India. Prior to joining IEG as Associate Professor (February 2009), he was working as senior fellow in Indian Council for Research on International Economic Relations (ICRIER), New Delhi.

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Powering India

Powering India

A Decade of Policies and Regulation
S.L. Rao (Ed.)
 

Rapid capacity additions and improved efficiencies in electricity generation, transmission and distribution, are still absent or inadequate. The Electricity Act, 2003 introduced concepts not formally recognised earlier—competition in electricity, safeguarding consumer interests, encouraging investment, captive generation, merchant power, electricity trading, electricity exchanges and markets, consumer choice, open access to transmission and distribution wires, tariff-based bidding and independent Central and state regulatory commissions. Measures were also introduced to promote larger capacity generation, guarantee coal availability and encourage renewable energy. This volume helps to improve understanding of the ways in which these ideas were implemented and can be used.

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Changing Minds

Changing Minds

A Guide to Facilitated Participatory Planning
Cole P. Dodge & Gavin Bennett
 

THIS book draws on the work of thinkers and doers throughout the world who have grappled with the challenge of planning complex institutions, especially health systems and development projects. Their problem: Conventional planning methods often do not work. The solution: Involve all the key stakeholders in making the plan. The challenge: Devise a planning system that the principals and stakeholders can trust, and that is inclusive, balanced and dynamic.

Facilitated participatory planning (or FPP) is a new way of planning for a world that is complex, competitive, and fast-changing; a world where managers, staff and other stakeholders must have their say and own the ideas for any plan to work. This book charts the evolution of FPP from pioneer concepts of awareness, empowerment, learning-by-doing, visualisation, creative group processes, and incremental questions into a complete and up-to-date system of principles and techniques. It carries case studies that show how FPP has been used successfully where other planning methods have failed.

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Strengthening Resilience in Post-disaster Situations

Strengthening Resilience in Post-disaster Situations
Stories, Experience and Lessons from South Asia
Julian Gonsalves • Priyanka Mohan (Eds.)
 

To mitigate, develop and improve the lives of those vulnerable to intense natural disasters, climate change and food insecurity, many agencies are funding and implementing diverse activities from reconstruction to rehabilitation. In particular, mid-to long-term interventions, strategies, and practical approaches are being designed and adopted to build the resilience of the poor. This book presents the lessons and impacts from a collection of these projects, describing concepts, strategies, processes, and tools in such a way that they can be easily replicated and shared with a wider audience. It describes valuable practical experiences and lessons from the field, capturing a range of diverse interventions from implementing agencies involved in post-disaster rehabilitation.

Part 1 presents an overview of the coastal threats and post-tsunami issues faced by the coastal communities of South Asia. Part 2 examines the concept of risk reduction and, in doing so, brings together the focal elements of resilience, mitigation and adaptation. Part 3 describes the pathways for building the capacity of vulnerable communities to withstand and rebuild from natural disasters. Part 4 presents real-life stories of how post-disaster rehabilitation and resilience-building projects have led to positive change at the community level.

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Growth & Finance

Growth & Finance
essays in honour of c. rangarajan
Sameer Kochhar (Ed.)
 

In this timely book—a festschrift for Dr. C. Rangarajan—top experts, policymakers and economists offer their assessments of India’s performance in the area of economic and financial reforms and analyse the successes and continued challenges. It provides an insight into critical macroeconomic and macro-finance issues of today. The book covers a broad set of topics, including fiscal, monetary and external sector policies, drivers of banking and financial growth, infrastructure and financial inclusion.

A strategy of gradual economic liberalisation combined with risk-averse prudential regulation in the banking and financial sector helped limit India’s exposure to the recent financial crises and the subsequent global economic slowdown. The improved economic performance in recent years encouraged the country to become more globally and regionally integrated. This process is unlikely to be reversed by the current global economic slowdown, given the economic and strategic benefits India has derived so far.

The authors in this festschrift share a critical, but overall positive, view of the country’s future and outline several areas and recommendations for bettering the lives of citizens. Empirically rich and topically diverse, the book is broad in scope and full of deep analytic insights and will serve as a useful reference and planning tool for administrators, planners, policymakers and students of development economics, monetary economics and finance.

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Reconnection Britain and India

Reconnecting Britain and India
Ideas for an Enhanced Partnership
Jo Johnson & Rajiv Kumar (EDS.)
 

Reconnecting Britain and India: Ideas for an Enhanced Partnership”
seeks to survey the main features of a diverse and complex bilateral relationship. As the shadows of the colonial period fade into history, this book aims to analyse the scope for a new relationship that recognises the role the UK can play in India’s quest for international stature. Original essays from more than three dozen thought-leaders from the worlds of academia, business, politics and the arts assess the potential for the two countries to forge an ‘enhanced partnership’, the objective set out by the two prime ministers, Manmohan Singh and David Cameron during the latter’s 2010 visit to India.

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How India's Small Towns Live (or Die)

How India's Small Towns Live (or Die)
Making Sense of Municipal Finances
Paromita Shastri
 

By 2040, over half of India's population will live in cities and towns. How many of them will live in slums? To prevent intense migration pressure on the handful of metros and state capitals and the resulting urban dehumanisation, policymakers must urgently focus on reviving India's small towns and big villages. Yet, most small town municipalities are in shambles; they lack resources, planning, data, maps, incentives and proper accounting. Corruption and power politics dog them, and citizens have no say or role in their running.

This book looks at the kaleidoscope of municipal finance issues in India, keeping the small towns at the core, and argues for a radical change in the constitution and working of these municipalities, with effective devolution of funds, functions, and functionaries from the state level. It contends that municipal bodies need to function independently and with real participation of citizens to be the force of change that gives birth to a new urban India.

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Imagining Asia in 2030

Imagining Asia in 2030
Trends, Scenarios and Alternatives
Ajey Lele and Namrata Goswami (EDS.)
 

Future belongs to Asia. Already a major transition of wealth and power from the West to the East is being witnessed as never before. Asia could withstand the economic Tsunami which engulfed most of the developed world in 2008. Asian powers like China and India are being envisaged as the drivers of the future global economy. On the other hand, Asia is also facing major security challenges. How Asian states continue with the present pace of their economic growth and simultaneously deal with myriad international security threats is an intriguing question for the world at large.

Bringing together a pool of renowned international experts, the book deals with the potential drivers of future change in Asia like economic growth, climate change, demographics, urbanisation, migration, resource competition, technology, military modernisation, globalisation, nationalism and identity politics, radical movements, extremism and terrorism, and great power competition. It not only attempts to describe the future for Asia in 2030, but also offers exciting alternative future scenarios.

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From Green to Evergreen Revolution

From Green to Evergreen Revolution
Indian Agriculture: Performance and Challenges
MS Swaminathan
 

Indian agriculture is at cross-roads. At one end, is the problem of ecologically unsound public policies which have led to deep ecological distress. On the other, despite large number of nutrition safety net programmes introduced by Central and state governments, India still remains the home for the largest number of malnourished children and adults in the world. The need of the hour is to convert the green revolution into an ‘evergreen revolution’ by mainstreaming the principles of ecology in technology development and dissemination. India also urgently needs to focus on developing a sustainable and equitable food security system.

Authored by Prof. M.S. Swaminathan, a world scientist of rare distinction and a living legend, this book stresses on considering the problem of food production holistically. Evergreen revolution along with small farm management revolution are hence the most important ingredients for hunger-free India movement. Swaminathan’s consistent point has been, “rather than predicting the future, it is our job to shape it.”

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Financial Policies and Everyday Life

Financial Policies and Everyday Life
The Indian Context
S S Tarapore
 

After a long career in central banking, the distinguished economist S.S. Tarapore has been writing columns in financial dailies. There was a felt need to reach out to a wider audience in a regional language. During the period October 2005-August 2008, he turned to writing a regular column in the widely circulating Gujarati newspaper, the Divya Bhaskar. This volume brings to the English speaking readers, for the first time, his writings in the Divya Bhaskar on monetary, fiscal, banking and external sector management, but essentially from the viewpoint of the aam aadmi. The volume would be of interest to the general reader who wishes to stay abreast of developments in financial policies and it would also be of interest to policymakers, opinion makers, bankers, academics and students.

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World Economic Outlook

World Economic Outlook
Rebalancing Growth
International Monetary Fund
 

Assumptions and Conventions

Preface

Joint Foreword to World Economic Outlook and Global Financial Stability Report

Executive Summary

Chapter 1. Global Prospects and Policies

Chapter 2. Country and Regional Perspectives

Chapter 3. Unemployment Dynamics during Recessions and Recoveries: Okun’s Law and Beyond

Chapter 4. Getting the Balance Right: Transitioning out of Sustained Current Account Surpluses

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The Long View from Delhi

The Long View from Delhi
To Define the Indian Grand Strategy for Foreign Policy
Admiral Raja Menon, Rajiv Kumar
 

Capitals of big countries like India are supposed to have a Long View of their world. Does Delhi have one? The US government, when presented with a Long View from Washington by Herman Kahn of the Hudson Institute in the early seventies is supposed to have protested “But they employed only three people for the study.” Kahn replied “True, but that was three more than the government employed to look at the future”. Laymen imagine that those in the lofty reaches of government spend time in contemplation, brainstorming where their societies will be two decades hence. Disappointed they are when they learn that politicians drive policy more to ensure re-election four years later, than to shape their environment. They say they have no choice.

This book, the first such attempt, by Menon and Kumar, uses the Net Assessment Method to write the scenarios India will be confronted with in 2020. Policy, they feel, should address scenarios, that will inevitably evolve from myriad complex drivers. Scenarios cannot be created: only God does that. Menon and Kumar follow a transparent method to build, brick by brick, three scenarios that India could face, comparing them to three others evolved by the United States National Intelligence Council and by a group of Indian practitioners. The book closes with a possible Grand Strategy of Foreign Policy that will leave readers in India, and abroad with a clearer understanding of the choices that await a rising India.

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Biotechnology in Indian Agriculture

Biotechnology in Indian Agriculture
Potential, Performance and Concerns
N. Chandrasekhara Rao • S. Mahendra Dev
 

This book is one of the first of its kind on socioeconomic aspects of agricultural biotechnology in the country. It covers a range of issues relating to potential, performance and concerns regarding biotechnology in India and offers valuable suggestions for policymaking. The debate on biotechnology so far focused mainly on the likely risks instead of objectively assessing the technology on a case-by-case basis to come out with suitable policy implications.

The present book attempts to fill this serious gap by discussing the nature and organisation of biotechnology, present pattern of product development, concerns for poverty reduction arising from the nature and pattern of product development and the performance of the first biotech product in the country viz., Bt cotton. It uses the results of two longitudinal surveys conducted in all the cotton growing agro-climatic zones of Andhra Pradesh and employs a conceptual framework to bring out the performance of this technology.

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Regional Disparities, Smaller States and Statehood for Telangana

Regional Disparities, Smaller States and Statehood for Telangana
 
Potential, Performance and Concerns
 

The essays in this book, Regional Disparities, Smaller States and Statehood for Telangana, written on different occasions over a period of four decades reflect the understanding and vision of the author with regard to the complex issues of regional disparities and emerging regional tensions, and the revival of the demands for the creation of smaller states.

The author observes that inter-state and intra-state disparities in development have not only persisted but have even increased in certain cases especially where backward regions do not have the necessary political clout in decision-making regarding public investment and provision of jobs. This has led to regional tensions and persistent demands for carving out separate states consisting of such backward areas. Uttarakhand, Jharkhand and Chhattisgarh are some recent examples.

The need to reduce regional disparities in development has emerged as one of the biggest challenges in the post-reform period. According to Professor Rao, to ensure greater accountability for the development of backward regions in bigger states, it may be desirable to constitute Regional Development Boards and, where necessary, to carve out separate states comprising some of the backward regions. As early as 1969, he had argued for the economic viability of a separate Telangana state, “There is every reason to believe that separation would create conditions for the proper development of material as well as human resources of the region.”

The book is of great relevance today in view of the renewed interest in the subject.

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Building from the Bottom

Building from the Bottom
Infrastructure and Poverty Alleviation
Sameer Kochhar • M. Ramachandran (Eds.)
 

Putting the right infrastructure is critical to India’s plans for inclusive growth. Increasingly, responsibilities for infrastructure development will be decentralised to the local governments, whether rural or urban. There is now an increasingly urgent need for large-scale environmental improvement programmes and for strengthening governance and the capacity of local institutions to plan, implement, and finance infrastructure provision and service delivery.

Building from the Bottom: Infrastructure and Poverty Alleviation provides critical insights into infrastructure governance from different angles—policy making, urban and rural aspects, technology, connectivity, capacity building and participation. Some of the most distinguished scholars and practitioners have contributed to this volume that encapsulates the key issues in mainstreaming poverty alleviation strategies in infrastructure programmes. Some important questions it seeks to answer are: How can we ensure infrastructure access and affordability for the poor? What are the implications for development planning and decision-making processes? What are the financing options? The book also contains a number of best practice case studies to reflect community participation, innovation and commitment, all vital ingredients to the process of building from the bottom.

The book will serve as a useful reference and planning tool for administrators, planners, policymakers and researchers of development economics.

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India-Russia Strategic Partnership

India-Russia Strategic Partnership
Challenges and Prospects
Nivedita Das Kundu (ED.)
 

The strategic partnership between India and Russia was signed during the visit of President Putin to India in the year 2000. Since then, the Indo-Russian relationship has diversified enormously and today it is uniquely strong and also expanding in the areas of defence, nuclear energy, hydrocarbons, space research and in science & technology. This relationship is based on a strong national consensus in both countries that has cut across ideologies or political differences. Although differences arise over certain issues on certain occasions, the overall parallelism in the Indo-Russian relationship definitely symbolises the trust that still exists between them.

India and Russia have now reached a stage where the economies of both the countries are resurgent and at the same time diversifying. Both economies are developing significantly to provide a good base for expanding business contacts and promoting new projects. Nonetheless, in spite of accelerated growth and immense opportunities, statistics show that business transaction is much less than the potential which exists between them. On the whole, it is necessary to publicise the positive experiences and growth of both countries, which will help people in both countries to orient themselves to the present realities and will boost bilateral cooperation in various fields.

With these aspects as a backdrop, this book India-Russia Strategic Partnership: Challenges and Prospects has been conceived. This book is an outcome of the research papers presented during the conference held at Indian Council of World Affairs, New Delhi, India, along with the Moscow State Institute of International Relations. The book covers a wide spectrum of issues and concerns related to India-Russia Strategic Partnership, and outlines various challenges and prospects for developing this relationship further. An attempt has been made here to contextualise the debate in a more cogent form.

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Banking Services for the Poor

Banking Services for the Poor
Managing for Financial Success
Robert Peck Christen
 

Today more than ever it is evident that financial organizations that fail to heed the principles of sound financial management will rapidly find themselves in trouble. Over ten years ago, Robert Peck Christen observed this in the context of microfinance programs burgeoning in the late 1990's. His concern spurred the writing of this manual.

Developed to help microfinance program administrators manage for financial success, this best-selling manual today still offers practical and clear applications of traditional financial topics to microfinance institutions.

In this manual, Christen addresses interest rate policy, management of assets and liabilities, capital and portfolio risk, and strategic financial planning—all key issues for microfinance institutions and all important for the donors, consultants, and regulators who work regularly with microfinance institutions to understand. The manual presents the theoretical framework along with numerous examples, allowing the reader to deepen his or her understanding of the subject matter.

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Trade and Employment in the Global Crisis

Trade and Employment in the Global Crisis
Managing for Financial Success
Robert Peck Christen
 

Today more than ever it is evident that financial organizations that fail to heed the principles of sound financial management will rapidly find themselves in trouble. Over ten years ago, Robert Peck Christen observed this in the context of microfinance programs burgeoning in the late 1990's. His concern spurred the writing of this manual.

Developed to help microfinance program administrators manage for financial success, this best-selling manual today still offers practical and clear applications of traditional financial topics to microfinance institutions.

In this manual, Christen addresses interest rate policy, management of assets and liabilities, capital and portfolio risk, and strategic financial planning—all key issues for microfinance institutions and all important for the donors, consultants, and regulators who work regularly with microfinance institutions to understand. The manual presents the theoretical framework along with numerous examples, allowing the reader to deepen his or her understanding of the subject matter.

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Uttarakhand Development Report

Uttarakhand Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA

The Uttarakhand Development Report review the experience of Uttarakhand and highlights issues critical for the State's development in the years ahead. The report is expected to be an important document and will impart value for development practitioners interested in the state and act as a road map for accelerated growth in the future has decided to prepare State Development Reports (SDRs) for all States and Union Territories. The purpose of bringing out these reports is to provide quality reference document of the development profile of the States. The SDRs aim at spelling out the constraints and challenges facing the States and suggest blueprints for their overall progress and prosperity.

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India on the Growth Turnpike

India on the Growth Turnpike
Essays in honour of Vijay L. Kelkar
Sameer Kochhar(ED.)
 

Vijay Laxman Kelkar has been one of the most creative, contemplative and versatile public policy makers of India. Whether it has been articulating a vision for the role of markets and government, or stressing for the importance of a sound public sector balance sheet, or arguing for tax reform and fiscal federalism, or making simple and sound policies through consensus, his contributions are non-parallel. The essays in this festschrift are by some of the leading economists, bankers and policy planners of India. While saluting his visionary role in the government, they also provide an insight into some current and critical macroeconomic and finance issues. The writings cover a broad set of topics, among them fiscal, monetary and external sector policies, infrastructure, financial inclusion and education.

This volume commemorates the conferring of the Skoch Challenger Lifetime Achievement Award 2010 on Dr. Kelkar for his unique contributions to the Indian economy in general and his key role in financial sector reforms process in particular. This timely book will appeal to policy makers, political scientists, economists and other social scientists conducting research and teaching courses in political economy, fiscal and monetary policy, development studies, public policy and governance.

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Creating Vibrant Public-Private-Panchayat Partnership (PPPP)

Creating Vibrant Public-Private-Panchayat Partnership (PPPP)
for Inclusive Growth through Inclusive Governance
Harsh Singh
 

India grapples with the paradox of endemic backwardness in over 200 districts while certain sections and sectors are moving at a pace that is making global headlines. This report on “Creating Vibrant Public-Private-Panchayat Partnership (PPPP) for Inclusive Growth through Inclusive Governance” presents some new perspectives and solutions by bringing together the local governance agenda through the Panchayati Raj, the issue of agricultural development which influences the livelihoods of a vast majority of Indians, and the role that the business sector could play in rural transformation. It presents case studies which show that partnership models which could ensure an income of over Rs.25,000 per annum on 0.5 hectare plots are feasible even in the context of a highly hostile eco-environment.

In view of its cross-cutting theme, this crisp report is a ‘must read’ for policy makers and practitioners in the area of pro-poor growth, rural development, local governance and public-private partnership.

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I Can Do

I Can Do
Financial Planning
Swapna Mirashi
 

This book in your hands, I Can Do Financial Planning, is a valuable addition to the several ongoing efforts of the Reserve Bank towards enhancing financial literacy. It is aimed at youth who are just about getting into jobs and careers, and who will have to wade through a complex array of financial products and make judgements. It is an attempt towards educating the readers on the importance of thrift and equipping them with the skills of planning and budgeting for a financially secure future. Written in an easy style and simple language with live examples, the book’s central message is that people can improve their financial security through defining their financial goals, then drawing up and implementing a savings and investment plan to achieve those goals.

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Improving Policy Coherence in South Asia

Improving Policy Coherence in South Asia
 
Manas Bhattacharya (ED.)
 

Jobless growth is a major concern in today’s world. Over and above, employment becomes the first casualty of financial crises that seem to occur almost in a periodic manner. How well the countries have mainstreamed employment in their macro strategies? How coherent are the macro policies that countries follow from the perspective of centrality of Decent Work in the context of investment and growth?

The volume scans the macro-economic settings of the seven countries of South Asian subregion that include Afghanistan, Bangladesh, India, Iran, Nepal, Pakistan and Sri Lanka and explores how well the macro economic strategies pursued by these countries cohere with the Decent Work objectives.

The papers contributed by various authors in this volume present elaborate research based empirical information and analyses for the readers, researchers, policy makers and multilateral institutions.

The analytical import in this volume also provides a perspective on globalization. Are these countries reaping the benefits of this process? Is globalization helping in achieving the Decent Work goals? The book raises many issues and opens up wide areas of debate.

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Trade Liberalisation, Manufacturing Growth

Trade Liberalisation, Manufacturing Growth and Employment in Bangladesh
 
Mustafizur Rahman • Wasel Bin Shadat • Selim Raihan
 

The present volume makes an important contribution to the rich literature on impact of trade reforms on growth and employment by undertaking an indepth investigation into relevant issues in the context of the developing economy of Bangladesh. The study tracks and investigates the various phases of trade reforms pursued by Bangladesh over the past years. By applying appropriate analytical and estimation techniques, the study captures how and to what extent trade reforms have impacted on growth of manufacturing sector of the country during the various stages of the reforms and how employment scenarios have changed in labour-intensive and export-oriented sectors of the country over the corresponding periods as a consequence of the reforms. The book argues that further trade reforms should be guided by concerns of employment creation and should be tailored to the demands of accelerated industrial growth as Bangladesh enters into a heightened pace of global integration of her economy.

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From Unipolar to Tripolar World

From Unipolar to Tripolar World

Multipolar Transition Paradox

Arvind Virmani
 

Developed country experts on international affairs and the global economy have consistently underestimated the speed with which China’s economy and power would rise relative to Germany, Japan and the USA. They are now similarly underestimating the speed at which India’s economy will close the economic size and power gaps. This book shows, why and how a tri-polar global power structure will emerge from the current confused system variously described as ‘multipolar’, ‘apolar’, ‘pluripolar’, ‘West and the rest’ and ‘unipolar with an oligopolistic fringe’. The Book goes on to draw out the implications and consequences of this evolving global power structure and makes suggestions on the policy options that need to be explored and pursued to increase the possibility of a peaceful transformation .

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Essays on Economic Development

Essays on Economic Development

Theory, Institutions and Policies
V. V. Bhatt
 

These essays have wide-ranging themes on different aspects of socio-economic development. All of them were written during the last four decades and some were published in well-known national and international journals like Economic and Political Weekly, International Journal of Development Banking in India, American Economic Review (USA), Bulletin of the Oxford University Institute of Economics and Statistics (UK) and KYKLOS (Europe). Some others were published in the publications of international institutes like United Nations, International Monetary Fund and the World Bank.

The context in which these essays were written (as others in author's develop-ment perspectives) is indicated in his latest book Perspectives on Development: Memoirs of a Development Economist (Academic Foundation, 2008).

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Economic Challenges to Make South Asia Free from Poverty and Deprivation

Economic Challenges to Make South Asia Free from Poverty and Deprivation

 
Meeta Kumar, Mihir Pandey (EDS.)
 

The South Asia Economics Students' Meet is a unique platform created in 2003-04 to give young undergraduate students of Economics an opportunity to interact academically and discuss important contemporary economic issues pertaining to South Asia. The papers in this volume were presented at the 5th Meet, held in Delhi in March 2008, on the theme “Economic Challenges to Make South Asia Free from Poverty and Deprivation.”

This collection of papers is special in several ways. It is topical; it not only reiterates the capabilities of the young contributors, it also reflects the quality of teaching and academics on the sub-continent. The youth of the contributors is well compensated by their intellectual maturity. This volume is the repository of the hope and effort that we have invested in our students, and in our future. It will give the reader some idea of the capabilities of our ‘future economists'.

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Agricultural Risk and Insurance in India

Agricultural Risk and Insurance in India

Problems and Prospects
S.S. Raju and Ramesh Chand
 

Agriculture production and farm incomes in India are frequently affected by weather and climatic aberrations like droughts, floods, cyclone, frost, storms, land slides, etc. Outbreak of epidemics, fire, and market fluctuations are the other factors which seriously affect production and farm income. All these events are beyond the control of the farmers. With the growing commercialisation of agriculture, the magnitude of shock due to unfavourable eventualities is increasing and the need to protect farmers against production and income losses is becoming stronger. Agricultural insurance is considered an important mechanism to effectively address the risk to output and income resulting from various natural and manmade events. Despite various schemes launched from time to time, agricultural insurance in India has not made much headway even though the need to protect country’s farmers from agricultural variability has been a continuing concern of agriculture policy. This book examines the genesis of agricultural insurance in India and discusses various agricultural insurance schemes launched in the country from time to time and the coverage provided by them. The book also looks into the role of government in implementing various agricultural insurance schemes and suggest effective agriculture insurance programme for India.

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South Asian Yearbook of Trade and Development

South Asian Yearbook of Trade and Development

Harnessing Gains from Trade
Domestic Challenges and Beyond

Editors: B.S. Chimni, Saman Kelegama, Mustafizur Rahman,
   Linu Mathew Philip

 

The South Asian Yearbook of Trade and Development is an annual series of publication launched by the Centre for Trade and Development (Centad) New Delhi, India in 2005, with the primary objective of articulating debates on development impacts of trade through rigorous policy research and analysis. The Yearbook is envisaged as a comprehensive collection of research papers, which attempt to reflect the South Asian perspectives at the multilateral and regional trade negotiations and provides policy suggestions for the trade negotiators and policy makers of the region

The South Asian region is becoming increasingly prominent as an economic power house on the world stage particularly as India's economic prowess expands at a breath-taking pace....The value of this yearbook is that it examines the challenges the region is facing in this process of growth, and provides policy makers, business and civil society groups an opportunity to pause and reflect on how the potential in the region can be shaped for the betterment of all... commendable that Centas's tackled these challenges from a development perspective in this yearbook.

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United Nations International Civil Services

United Nations International Civil Services

Perceptions, Realities and Career Prospects

Murari R. Sharma • Ajit M. Banerjee

 

The International Civil Service of the United Nations is not fully aligned with the compelling demands of the 21st century. Once reputed as one of the most attractive organisations to work due to its noble objectives, global outreach, and attractive conditions of service, the world body has been fast losing its lustre and pulling power and its ability to perform. As a result, the organisation has been sustaining loss in its ability to deliver on its principles, purposes and mandates in a timely, efficient and effective fashion and in its good will, image and reputation. If it does not pursue far-reaching reforms urgently, particularly in the area of human resource management (HRM), the United Nations will surely decline and become irrelevant not too far into the future.

This book identifies strategic issues facing the HRM of the world body, analyses their impacts on its performance, suggests remedies to address these lacunas and proposes measures to make the entity competitive, efficient, and effective. It tells you where you need to strengthen UN's HRM, where to make cutbacks, and where to remove duplication and overlaps. Frequent references to the HRM of the European Commission and national governments gives a refreshing taste of best practices. This volume will make an interesting read for general readers and a great source of information for experts and professionals. In particular, it is a must-read for politicians and diplomats as a reference source, for UN staff to have a better perspective of their HRM, and for academics and students of international relations, diplomacy and political science in universities and colleges as a textbook and reference material. There is a special chapter to assist prospective new entrants seeking a career with the United Nations.

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Frontiers in PRA and PLA

Frontiers in PRA and PLA

PRA & PLA in Applied Research

Amitava Mukherjee

 

Community participation or people's participation in the process of development has entered into development lexicon permanently in the past 50 years. New methods, tools and approaches (variously called as Participatory Learning and Action (PLA), Participatory Rural Appraisal (PRA) or its earlier incarnation Rapid Rural Appraisal) to enlist people's participation, have been invented, improvised and developed by development practitioners and academicians all over the world.

This book is an unique exercise in exploration and synthesis, demonstrating and documenting the experiments which have revealed that the participatory tools, methods and approaches can be very efficiently used in several fields of human exploration, including organisation and institutional development, action research (on the need to adopt an inter-sectoral approach to dealing with development issues, on hunger, participatory poverty assessment, bio-diversity conservation and conflict resolution over sharing of resources), macro-policy evaluation and democratic processes. Each chapter, dealing with these issues, describes both the process followed in the application of participatory tools and methods in the respective field and the synthesis of the theory of participation with practice as well. The book will be an invaluable guide to practitioners, researchers, academicians and students of development economics and poverty planning.

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Population, Gender and Health in India

Population, Gender and Health in India

Methods, Processes and Policies

K.S. James, Arvind Pandey, Dhananjay W. Bansod and Lekha Subaiya (EDs.)

 

Demographic processes and health outcomes are highly gendered in India. At the same time, studies on the impact of gender on demography and health issues are scarce and the impact of demographic changes on gender is nearly nonexistent. Mere recognition of the gender issues does not provide policy guidance to make appropriate changes in the programmes. This calls for innovative methods to understand demographic changes, health scenario and gender systems and also a critical analysis of various public interventions. India is also experiencing rapid demographic changes in recent years which will have definite implications for demographic pattern, gender system, health progress and governmental policies and programmes. There are several policy and programmatic interventions to generate conducive demographic and health changes through gender equity.

This volume brings together contributions from scholars on demographic changes, gender and health system and health policies and programmes in India. It highlights achievements and challenges facing the country in the area of population, gender and health in different settings. It also brings up new methods of analysing the relationship. This volume, undoubtedly, will be a useful guide to students, researchers and policy makers in India and across the world.

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Uttar Pradesh

Uttar Pradesh

The Road Ahead

Venkitesh Ramakrishnan (ED.)

 

The importance of Uttar Pradesh in India's socio-political firmament is never overstated. That evolves naturally on account of a variety factors, which includes its position as the most populous State in the country and the consequent influence wielded by its people and their leadership in the nation's polity. This unique status has been the subject of consistent debate among the political class as well as the academia. The studies and reflections in this volume, Uttar Pradesh: The Road Ahead, advances this debate addressing a number of specific issues from historical, contemporary and futuristic perspectives. The components of the volume were first presented in a two-day national seminar conducted by the Observer Research Foundation (ORF) in 2008.

Central to this volume is the churning that manifold manifestations of identity politics brought to Uttar Pradesh since the mid-1980s, the seemingly never-ending political instability that it imposed as well as the possibilities and problems that the stability verdict of 2007 offers to the State. These issues are addressed by experts in the fields of politics, economics, sociology, governance and public administration.

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Speeding Financial Inclusion

Speeding Financial Inclusion

 

Sameer Kochhar

 

Scaling-up access to finance for India’s rural poor presents a formidable developmental challenge in a country as vast and varied as India. It was in this context that Skoch Development Foundation undertook the first-ever nationwide multi-stakeholder study entitled "National Study on Speeding Financial Inclusion". This study sought to collate primary research based on our grassroots experiences from several project sites and field visits; and, views from all stakeholders so as to arrive at key interventions and intermediations to speed up the process of financial inclusion, and thereby poverty alleviation. Apart from providing key recommendations in the form of a roadmap to speed up the process of financial inclusion, the study also sought to determine the viability and cost-effectiveness of the Business Correspondent (BC) model and has identified several options to make the model viable.

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Russia-India-China

Russia-India-China

Evolution of Geo-Political Strategic Trends
Nivedita Das Kundu (ED.)
 

The idea of trilateral cooperation between Russia-India-China, launched in the 1990s, has been growing from strength-to-strength. The track one and half dialogue, which began with the meeting of the Foreign Ministers, culminated at the gathering of the heads of states of the three countries. Since 2001, experts, scholars and diplomats have met to demarcate areas of collaboration in various sectors. Trade and economic sector and energy security are the vital area for cooperation as all the three countries have registered the fastest growth rates in the world. They are equally concerned with issues of disarmament and non-proliferation. Conscious of the damage being caused to natural resources, Russia, India and China have sought to address the issue of restoring the environment and tackling climate change.

While there are differences among these three countries, the areas where their interests converge are several. They hold similar views on multilateralism, giving primacy of place to a multi-polar world order, the need to democratise international relations and develop a just international system. They hold similar perspectives on the emerging threat of terrorism, the importance of promoting the regional cooperative mechanism to address the problems faced by the region, the challenges posed by globalisation, as well as new threats like the current financial crisis that have effected them to some degree or other.

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The Big Three

The Big Three

The emerging relationship between the United States, India and China in the changing world order

Harsh Bhasin
 

The evolving relationship between India, the US and China is generally regarded by scholars of international relations as among the key features, perhaps even the most crucial one, that will shape the geopolitical contours of the emerging international political landscape in the twenty-first century.

Written by a scholar and academician who for long years served as a career diplomat and hence a practitioner of international relations, the book meticulously analyses each strand of the mutual bilateral relations of the three countries, including their troubled past and uncertain present, to unravel clues for the possible future course of their relationship

Ultimately, this book is aimed at an informing its readers – scholars and laypersons alike - about the forces at work in the evolving saga of the triangular relationship between the world’s most powerful nation, the world’s largest nation and the world’s largest democracy.

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India China

India China

A Critical Analysis of FDI Policies and Performance
Ashok Kundra
 

This volume offers an in-depth comparative analysis of FDI policies pursued by India and China since opening up. The nature, type, sources and direction of inflows to both the countries have been analysed exhaustively. It is an incisive and comprehensive work which brings to fore the key differences in their policy framework, approaches and the implementation strategies. The far reaching impact of FDI on trade, transfer of techno-logy and employment generation has been examined critically. It also explores the reasons for skewed regional distribution of FDI in both the countries.

The book articulates the role played by pragmatic policy, developed infrastructure and conducive operating environment in driving massive FDI flows into China. The author convincingly advocates reorientation of Indian policies relating to development of infrastructure for export-oriented labour-intensive manufacture, labour laws regime and vesting of authority for investment approval in favour of state governments to accelerate the pace of FDI inflows. The conclusions are based on rich empirical evidence supported by statistical backup. The book contains cogent and compelling arguments and interesting insights. It will prove useful to policy planners, researchers, academicians and students of international trade.

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Indian Economy

Indian Economy

A Retrospective View

by Manu Shroff
Deena Khatkhate (Ed.)
 

This book of late Manu Shroff contains his assorted articles and lectures on different aspects of the Indian economy in its transition from the highly interventionist regime to a liberalised open economic system and also some international issues which had a bearing on the Indian economy. The first part of the book focuses on the variegated dimensions of the Indian economic landscape in its current phase when his articles were published and in prospect. This imparts to his writings certain freshness, individuality and timeless relevance. The second part addresses the international repercussions of economic development with emphasis on capital flows, international monetary issues and globalisation which all radicalised the approach to economic policy as distinct from the autarky which characterised the period up to 1980s.

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Security Implications of Climate Change for India

Security Implications of Climate Change for India

 
Report of the IDSA Working Group
 

The IDSA Working Group on Security Implications of Climate Change for India felt that while it would be proper to oppose the securitisation of climate change, it would be prudent not to ignore its likely security dimensions. The Working Group Report identifies India's key vulnerabilities. Future projections of surface warming over India indicate that the annual mean area averaged surface warming is likely to be between 2 degrees and 3 degrees celcius and 3.5 and 5.5 degrees celcius by the middle and end of 21st century respectively. Trends in sea level rise indicate a possible rise between 1.06 to 2.75 mm per year. Every 1.0 degree rise in temperature would reduce wheat production by 4 to 5 million tonnes. Water scarcity will threaten food supplies in India. A quarter of our biodiversity could be lost.

The Working Group felt that climate change cannot be delinked from the overall energy security and economic growth. The National Action Plan on Climate Change is a good beginning but its time-bound implementation needs to be ensured. India needs to improve energy efficiency in the industrial, household and transport sectors. The Working Group also looked at the possible adverse impact on the strategy and tactics of Indian armed forces. India should use climate change as an opportunity to make socio-economic development more sustainable.

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India in a Changing Global Nuclear Order

India in a Changing Global Nuclear Order

 
Arvind Gupta (ED.)
 

As the world witnesses a flux in the nuclear world order—in terms of civilian nuclear energy as well as non-proliferation regime and legitimacy of nuclear weapons, India has a cautious path to tread to achieve its energy security, nuclear security and make its disarmament calls more plausible and practical. The challenges before the global nuclear order have vindicated India’s position and bestowed it with an opportunity to play a more confident and active role in reshaping the world—towards a more reliable, democratic and universal non-proliferation regime, preventing nuclear terrorism, forming a better architecture for civilian nuclear trade, and finally to evolve practical and universal steps towards comprehensive disarmament. This insightful book, with contributions by leading experts on the nuclear issue in India, covers all such important aspects and provides robust analysis of the global nuclear order in terms of its implications for India and global disarmament.

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Space Security

Space Security

Need for a Proactive Approach
Report of the IDSA-Indian Pugwash Society Working Group on Space Security
 

The existing space regime is facing new challenges as a result of the recent advances in space techno-logy and the emergence of space security is a critical dimension in national security calculus. This necessitates a proactive approach and a comprehensive space policy.

This volume is an attempt in this direction to sensitise experts, policy makers and interested general audiences about the developments and debates in this area and their implications for India. The objective of this report, prepared by a Working Group comprising leading experts in the field is to provide a multi-disciplinary analysis including the technological, legal, political, diplomatic, and security dimensions.

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Peter Bauer and the Economics of Prosperity

Peter Bauer and the Economics of Prosperity

 
James A. Dorn, Barun S. Mitra (EDS.)
 
Peter Bauer was an unlikely revolutionary, yet he inspired a revolution in development economics. In an environment dominated by a poverty of clear economic thought, Bauer built his theories of economic prosperity. He fought to free the poor from the tyranny of poverty. With the recent spread of anti-market, anti-trade, and anti-migration movements in many parts of the world, it is important that we take a fresh look at the way Bauer exposed the fallacies behind these protest movements. He showed them to be anti-poor and anti-people, and to be exacerbating global poverty. This volume is an attempt towards helping in introducing the ideas of Peter Bauer to a new generation of readers.

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Urban Renewal

Urban Renewal

policy and response
by M. Ramachandran • edited by Sameer Kochhar
 

The Indian Government took the historic step of launching the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in December 2005 with a view to give fillip to urban infrastructure development in 65 major cities by mobilising Rs.50,000 crore from the Central budget and by getting a matching Rs.50,000 crore from the State governments and the Urban Local Bodies (ULBs). The response to JNNURM has been very good. As a consequence, projects costing Rs.95,385 crore have already been sanctioned and are under various stages of implementation. This book reveals the nuances and thinking behind the JNNURM, its implementation and status on the ground and suggests the way forward. The current urban reform process undoubtedly offers tremendous opportunities to rethink economic and development priorities. This book is timely given the re-affirmed commitment of the government to urban development. It is an essential read for all interested in policy, planning, urban develop-ment and renewal issues.

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Reservation Policy and its Implementation across Domains in India

Reservation Policy and its Implementation across Domains in India

An Analytical Review
Niranjan Sahoo
 

India runs the world's oldest and one of the most comprehensive affirmative action policies in the form of reservations or quotas for its disadvantaged sections. Ever since its adaptation, this critical public policy remains the most controversial and polarising public policy that the Independent India has adopted as yet. While much of the national preoccupation over reservation have been devoted to debate its necessity and relevance in addressing exclusion and inequality, the country still seems to lack a data-based understanding of its enforcement across different domains. How earnestly state and its agencies have enforced the reservation policies? We know less about the trends of implementation in different domains and how or what percentage of population among these social groups have benefited from it. Fact is there are very few credible research studies on the issue of affirmative policies in India. This publication is an attempt to fill some of the void by compiling data on key domains of reservation policy apart from flagging crucial issues relating to linkages among the three key domains of reservations, namely, higher education, employment, and political representation. A comparison of all three domains in terms of implementation of reservation policies, across different time periods (e.g., pre- and post-Mandal phases) and among different regions, provides useful insights about these linkages. In doing so, the work throws some critical insights on the processes at work, and identifies areas for further research.

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The Unexplored Keynes and Other Essays

The Unexplored Keynes and Other Essays

A Socio-economic miscellany

Anand Chandavarkar
 

This book begins with an in-depth reappraisal of Keynes, the prime architect of modern economics and many-sided genius who towered as a preceptor, economic statesman, institutional architect and progenitor of the IMF and the World Bank. It addresses the core question: In what sense was there a Keynesian Revolution? It also reviews the least known aspects of Keynes as a civil servant, as a social philosopher, and pro bono activist in causes of conscience.

The second part comprises assorted essays that analyse significant themes of finance, development and central banking as well as the defining aspects of colonial Indian economic history. It evaluates the mainsprings of economic growth, taking account of the contribution of Arthur Lewis, the Nobel Laureate and evaluates the political economy of aid. It argues the case for a constitutionally independent Federal Reserve Bank of India. It has an archival essay on an American economist, Ralph Whitenack, who figures as modern India’s pioneer economic adviser. It surveys the interface between economics and philosophy, including the economic philoso-phy of Joan Robinson, the eminent British economist and presents an agenda for inter-disciplinary collaboration.

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India: Monetary Policy, Financial Stability and Other Essays

India: Monetary Policy, Financial Stability and Other Essays

C. Rangarajan
 

THE volume covers a wide spectrum of topics ranging from monetary policy and financial stability to globalisation and economic growth and social development. The essay on "Financial Stability" though written much before the current crisis, had anticipated many of the issues that are being debated today. The essay on "Monetary Policy" argues that maintaining price stability should be the dominant objective of monetary policy. The essay on "Globalisation" points out that India should seek to wrest maximum advantages from globalisation by identifying the comparative advantages that India possesses. In the essay “Economic Growth and Social Development”, the author pleads for an approach that weaves equity and efficiency into a coherent pattern of growth. Economic growth and social development are the two legs on which a nation should walk. Ignoring any one leg will only mean that the nation will limp along.

The book is divided into four sections: Monetary Policy and Fiscal Issues; Growth and Development; Sectoral Issues – Industry, Power, Banking and Agriculture; and External Sector and Globalisation. The book contains in all 25 essays and should interest a wide cross section of audience.

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Trade, Growth and Poverty Reduction

Trade, Growth and Poverty Reduction

Least Developed Countries, Landlocked Developing Countries and Small States in the Global Economic System
T N Srinivasan
 

Why have the least developed countries, and other poorer countries, failed to grow as fast as other economies during recent period of globalisation?

Professor Srinivasan explores the broad links between growth in income, globalisation, and poverty reduction. He argues that past domestic and international policies have failed to serve the interests of the poorest countries, and suggests that the current array of international institution, in their unreformed state, are ill-suited to bring about the change required.

Finally he makes recommendations on needed reforms to the institutions that manage the global economic system.

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The Challenge of Employment in India

The Challenge of Employment in India

An Informal Economy Perspective

This is the final report of the National Commission for Enterprises in the Unorganised Sector, which was set up by the Government of India on 20th September 2004 under the chairmanship of Dr. Arjun K. Sengupta to "review the status of unorganized/informal sector in India including the nature of enterprises, their size, spread and scope, and magnitude of employment." This was the first step taken towards fulfilling the commitment of the new UPA government to ensure "the welfare and well-being of all workers, particularly those in the unorganised sector, who constitute more than 93% of our workforce" (likely to be around 502 million by 2012 as the Commission estimates).

During the four and a half year of its existence, the Commission examined in detail all the literature and statistical evidence that exists on this sector, held numerous consultations with different stakeholders, such as government officials and policy makers at the Centre and in the States, trade unions and associations of workers representatives, civil society organisations, academics and experts. This final report on 'The Challenge of Employment in India: An Informal Economy Perspective' is now presented as an overarching report based on all the earlier work of the Commission, to provide a perspective and strategy for expanding employment in India. The report takes an aggregative perspective of what the Commission calls the central problem of the challenge of employment namely, deficit in its quantity and quality. The comprehensive report also examines the issue of labour market reforms in India.

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Changing Contours of Asian Agriculture

Changing Contours of Asian Agriculture

Policies, Performance and Challenges
S. Surjit Singh and V. Ratna Reddy (EDS.)
 

Indian agriculture has been facing one of the worst crises since Independence. The contribution of agriculture to national income is declining at a faster pace compared to the percentage of population depending on it. The trends in profitability are not consistent across the years, which is a typical character of agriculture. A number of studies have tried to examine and understand the reasons; important ones include technological, environmental, and policy related. The poor performance and the declining profitability of agriculture due to one or more reasons have resulted in widespread household indebtedness, which is often identified as the main reason for the farmer suicides.

This volume is a collection of papers in honour of Padma Bhushan Prof. Vijay Shankar Vyas who is amongst the first and leading policy economists in India. He has had significant policy contributions at the national and international levels. This collection is a reflection of his research interests and contribution to agricultural policy research. In total, 16 eminent scholars have contributed to the volume. These papers have been put together in a thematic format and deal mainly with five important aspects of Indian agriculture: i) Indian Agriculture: Policies and Performance, ii) Resource Policies and Agriculture, iii) Employment and Decent Work, iv) New Trends in Agriculture and Challenges, and v) Experiences from Other Countries. It also includes a paper on China which deals with poverty and inequality in the context of reforms. Most of the papers provide an all India perspective. Though some of the papers are specific to the themes and locations, they provide valuable insights in to the broader array of issues and problems afflicting the agricultural sector in India. The authors through their contributions have touched upon issues that are dear to Prof. Vyas and also provide futuristic scenario of Asian agriculture of which Indian agriculture is a vital cog.

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Women's Health and Poverty Alleviation in India

Women's Health and Poverty Alleviation in India

 
K.S. Mohindra
 

Poverty and ill health are intertwined; therefore, social responses need to address the links between the two. There has been increasing attention paid towards the role of microcredit as a poverty alleviation strategy (that especially targets women), yet little scrutiny of how microcredit may influence population health in general and women's health in particular. In this book, we ask: can microcredit be considered a “pro-health” poverty alleviation strategy for women? Using a multi-disciplinary approach, the linkages between poverty alleviation and women's health are investigated from both a theoretical and empirical perspective. The theoretical perspective draws upon Amartya Sen's capability approach and population health models and theories. The empirical perspective is based on a study examining female participation in self help groups (a form of microcredit) and their health in the South Indian state of Kerala.

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India and Global Crisis

India and Global Crisis

 
Shankar Acharya
 

How bad is the Global Crisis? Will the Indian economy be hit hard? What can we do to protect ourselves from global turmoil? Is a growth recession inevitable? How well did we cope with the massive foreign capital inflows in the last five years? Did we follow a good exchange rate policy? What explains the surge in national savings and investment? Can we revive the economic boom of 2003-08? Do we have good roadmaps for reform of banking and finance? Do oil bonds make sense? How long can we sustain massive subsidies? Are economic disparities in India rising? Where are the new jobs? How good (or bad) is the UPA Government’s economic legacy?

In these short essays Shankar Acharya provides crisp answers to these and many other questions about India’s economic policies and performance.

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India Perspectives on Equitable Development

India Perspectives on Equitable Development

 
S. Mahendra Dev • N. Chandrasekhara Rao (EDS.)
 

Though the country witnessed high growth in the past two decades, the problems of slackening pace in poverty reduction and employment creation, widening regional disparities, ever increasing rural-urban divide and agrarian distress manifested in the form of suicides of farmers are disturbing to say the least. These developments in contemporary India have once again led to the realisation of the need for 'inclusive growth' being articulated by policy makers, intelligentsia and the civil society. In this context, the Centre for Economic and Social Studies, Hyderabad organised an international conference on the “Perspectives on Equitable Development” as a part of its Silver Jubilee celebrations. This book is a collection of the research papers presented in the conference by eminent scholars across the country and focus on different aspects of equitable development. These are presented in six interrelated themesmacroeconomic performance and policies; employment, food security and poverty; physical and social infrastructure; agriculture and rural industrialisation; foreign direct investment in manufacturing and services; and socio-political issues in the reform process.

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Delhi Development Report

Delhi Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA

The Delhi Development Report reviews the experience of NCT Delhi and highlights issues critical for the State's development in the years ahead. The Report is expected to be an important value document and will impart value for development practitioners interested in the State and act as a roadmap for accelerated growth in the future.

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Macro-Modelling for the Eleventh Five Year Plaf of India

Macro-Modelling for the
Eleventh Five Year Plan of India

NATIONAL KNOWLEDGE COMMISSION, GOVERNMENT OF INDIA.

The Planning Commission during the Eleventh Plan made a significant departure from the past practice. Instead of relying on a single in-house model it was decided to request some of the reputed institutes in the field of economic model building to carry out modelling exercises that could be used not only for the purpose of plan formulation but also could answer some of the questions that arise from time to time such as the impact of rising oil prices on the performance of Indian economy, the impact of global meltdown, etc.

This volume contains essays by the relevant model builders reporting on the various models used in the course of formulating the Eleventh Plan and an overview paper by Dr. Kirit S. Parikh.

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Retail in India

Retail in India

Mathew Joseph • Nirupama Soundararajan

In recent times, there has been debate over the entry of large corporate houses into the retail sector in India. This study finds that both traditional and organised retail can not only coexist but also achieve rapid and sustained growth in the coming years.

The findings of this study are based on the largest ever survey of various stakeholders and an extensive review of international experience, particularly emerging countries of relevance to India.

There has been competitive response from traditional retailers through improved business practices and technology upgradation. Consumers and farmers gain considerably from the entry of organised retail.

The organised retail sector is capable of taking care of itself, but public policy needs to help create a level playing field for traditional retailers.

Based on the results of the surveys, the authors have made a number of specific policy recommendations for regulating the interaction of large retailers with small suppliers and for strengthening the competitive response of the traditional retailers.

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Proliferation and Emerging Nuclear Order

Proliferation and Emerging Nuclear Order
in the twenty-first century

N.S. Sisodia, V. Krishnappa and Priyanka Singh (EDS.)

This book provides some important perspectives on the emerging nuclear order. The contributors discuss most burning questions of the day: What are the challenges to the global nuclear regime? What are the consequences of a nuclear Iran for West Asian peace and stability? Will it give rise to a nuclear quest among the important West Asian states? How would the West respond in such an eventuality? What would be the response of major Asian powers to nuclear Iran? What are the consequences of changes in the East Asian nuclear order for stability and peace in the region and beyond? How would major regional players respond? What are the implications of non-state actors acquiring nuclear weapon technology and capabilities? What did the international community learn from the discovery of the A.Q. Khan network? What are the possibilities for international cooperation against nuclear proliferation?

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Saving Afghanistan

Saving Afghanistan

V Krishnappa, Shanthie Mariet D'Souza,  Priyanka Singh (Eds.)

This book is about the future of Afghanistan which seems to be rapidly slipping into chaos. It contains perspectives on counter-insurgency and nation-building in Afghanistan. The expert contributors in this book focus on some key issues like, the character of the conflict in Afghanistan; the role of regional actors; the nature of engagement of the US and its allies; the assessment of the future course of action by major actors and the role played by INGOs and the international community at large. More significantly, the experts sought to answer the crucial question: what can be done to stabilise Afghanistan? This volume is a collection of their insightful papers.

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Africa and Energy Security

Africa and Energy Security

Global Issues, Local Responses
Ruchita Beri and Uttam Kumar Sinha (EDS.)

In current debates on the geopolitics of energy security, the spotlight has fallen on Africa as a key source of oil and gas outside the volatile West Asia. The American, European and Asian oil companies are rushing to acquire a stake in Africa’s oil wealth. This book represents an effort to go beyond state-centred views of energy security, bridging local perspectives on energy resources and global framing of energy as a security concern. It brings together contributions from an international team of experts and eminent persons in African affairs to provide an analytically rich assessment of Africa’s role in the global search for oil, the multiple consequences of energy production across the African continent and India’s multifarious approach to Africa. The analysis is enriched by Indian and African perspectives and anchored in detailed country case studies.

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Haryana Development Report

Haryana Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA

The Haryana State Development Report reviews the State's development experience and highlights issues critical for its future growth. Haryana's potential in horticulture, livestock, tourism, pharmaceuticals, IT and its rapid structural change is well documented in the report. The report is expected to serve as a useful reference and stimulate informed debate on the policy issues facing the state.

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Recommendations of the National Knowledge Commission

Recommendations of the
National Knowledge Commission

NATIONAL KNOWLEDGE COMMISSION, GOVERNMENT OF INDIA.

Knowledge has been recognised as the key driving force in the 21st century and India’s ability to emerge as a globally competitive player will substantially depend on its knowledge resources. To foster generational change, a systemic transformation is required that seeks to address the concerns of the entire knowledge spectrum. The National Knowledge Commission (NKC) was constituted in June 2005 by the Prime Minister of India, Dr. Manmohan Singh, under the Chairmanship of Mr. Sam Pitroda, to prepare a blueprint of reform of India’s knowledge related institutions and infrastructure.

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High-value Crops and Marketing

High-value Crops and Marketing

Asian Development Bank (ADB)

International Food Policy Research Institute (IFPRI)

High-value crops and marketing…. studies the case of high-value agriculture in the state of Uttarakhand in the context of rapid changes in marketing at the national and international level. Uttarakhand is characterized by a significant number of opportunities in high-value agriculture. They include the presence of a high number of endemic crops, diversity in agro-climatic conditions, possibilities to produce for 'off-season' markets, organic production practices, the relative high education of producers, a strong agricultural research capacity, an active civil society, a competitive production environment and a location relatively close to terminal consumer markets, at least for part of the state. On the other hand, agriculture in Uttarakhand also faces significant challenges that limit the competitiveness of its farmers with farmers in other Indian states and outside India. These include the high number of small scattered farms creating problems of aggregation and transport costs, migration and land conversion, increasing water and climatic change problems, environmental vulnerability, wildlife attacks, and a problematic regulatory environment. This book looks at these problems in a holistic manner and suggest ways on how Uttarakhand can prepare itself better to take advantage of the changing agricultural marketing environment.

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New Governance and Development

New Governance and Development

Challenges of Addressing Poverty and Inequality
EDITOR: H.S. Shylendra
 

There is witnessed an emergence of a new paradigm of governance alongside the process of globalisation. Pluralisation of state is the major feature of the new governance. The state is expected to shed its pre-eminence over development and resources. The three actors of development, state, market and civil society have to work together for arriving at a synergetic solution to developmental problems. The harmony is to be attained, guided by the principles of good governance like participation, accountability and transparency. As the contours of the new paradigm and its impact unfold rapidly, there is a growing debate over its relevance in developing countries like India. While the proponents see it as a newer mantra of development complementing the process of globalisation, serious concerns have been raised by the critics over the ramifications of adopting the neo-liberal path of development as advocated by the new paradigm. The critics believe that, if adopted whole hog, there could be many detrimental effects of the new paradigm for attaining a more inclusive development. Moreover, the harmonisation expected among the three actors of development in terms of their goals and actions may prove to be elusive given many interest conflicts.

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Governance of Rural Information and Communication Technologies

Governance of Rural Information and Communication Technologies

Opportunities and Challenges
EDITOR: Harekrishna Misra
 

Role of Information and Communication Technologies (ICT) in rural development in India is quite appreciated. ICT has gained the status of infrastructure, and numerous approaches have been taken to exploit opportunities that ICT provides. Despite phenomenal changes in the policy level improvements in rural ICT infrastructure, digital divide has still remained a challenge for national policy makers, state agencies and service providers. Various agencies have piloted many projects showcasing usability of ICT at its core to extend services in the rural sector and address issues related to digital divide. Many of the pilot projects are being considered for scale up at the national level under National e-Governance Plan (NeGP). However, most of the projects have remained to be “supply-driven” leaving much scope to transform them as “citizen-centric”. Therefore, this limitation is an important dimension of the digital divide which needs attention of policy makers and implementers.

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Money, Finance, Political Economy

Money, Finance, Political Economy

Getting it Right
Deena Khatkhate
 

This book is a collection of essays on main issues of money and monetary policies, national and international aspects of financial policies in less developed countries, political economy of development in all its facets and reshaping of the international monetary system which were debated over the last few decades by economic theorists and the policy makers. They reveal the author's grasp of the analytics, the nuanced reasoning underlying them, prescience on several issues such as brain-drain and profile of leadership in developing societies and deep understanding of the context in which the policies based on them have evolved over the years. Author's discussion of some of India's economic development within the overall perspective of development economics is both fascinating and original.

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Global Power Shifts and Strategic Transition in Asia

Global Power Shifts and Strategic Transition in Asia

 
Editors: N.S. Sisodia • V. Krishnappa
 

THE contemporary strategic context is increasingly defined by the rapid growth of major Asian economies and the rapidly increasing interest the major powers are evincing in the region. It has also resulted in a perceptible shift in power to the Asian continent. An assessment of how each of the major Asian powers and important external actors are responding to these developments is necessary for understanding the underlying concerns about peace and security in Asia in the 21st Century. What is the character of the emerging strategic context in Asia? How are the processes of globalisation, economic interdependence and diffusion of technologies shaping the Asian strategic context? What does the ‘Rise of Asia’ mean for global peace? How do regional perspectives inform the debate? What are the common threats and challenges? What are the prospects of fostering cooperative state behaviour in confronting the transnational threats? These are some of the issues that expert contributors discuss in this volume.

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Global Democracy for Sustaining Global Capitalism

Global Democracy for Sustaining Global Capitalism

 
Jose Miguel Andreu • Rita Dulci Rahman
 
The authors, after carefully analysing the foundations of democracy at national and global levels, the conditions for sustainability of democracy, and its interconnections with capitalism—be this national or global—propose a complete redesign of the UN system and its economic agencies...

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Courts, Panchayats and Nagarpalikas

Courts, Panchayats and Nagarpalikas

Background and Review of the Case Law
K.C. Sivaramakrishnan
 

The 73rd and the 74th Constitutional Amendments became law more than a decade ago but their implementation in different states of India has been tardy and uneven. The course of implementation has also been marked by numerous disputes, both political and legal. It is estimated there are more than 500 cases which have been adjudicated during the period in the various High Courts and the Supreme Court.

This book is the outcome of a comprehensive study which seeks to bring out the genesis, the points of jurisprudence and what can be regarded as settled law common to both the panchayats and the municipalities pertaining to issues like elections, delimitation, reservation, planning and functional domain etc.

The book is of interest and use to policy makers, scholars and researchers interested in decentralisation as well as the legal fraternity.

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Politics Triumphs Economics

Politics Triumphs Economics?

Political Economy and the Implementation of Competition Law and Economic Regulation in Developing Countries
Pradeep S Mehta, Simon J. Evenett (EDS.)
 

The last two decades have been marked by a sea change in the world of regulation—regulatory laws which facilitate the creation of independent regulators have been passed in many countries, both developed and developing. However, it has been observed that mere adoption of regulatory laws is a necessary but not a sufficient condition for changes in regulatory/economic outcomes. Implementation often constitutes the crucial difference between success and failure and this is particularly true in developing countries.

The mentioned premise constitutes the starting point of this volume compiled by CUTS as a part of a project entitled the Competition Regulation and Development Research Forum (CDRF), which is a compendium of studies devoted to characterising the state of the world in regulation in developing countries and identifying the political economy and governance constraints that often frustrate the successful implementation of regulatory laws in the developing world. Such detailed identification of constraints is necessary if we are to solve the puzzle of how regulatory objectives/provisions that look so good on paper end up being so ineffective in practice.

The study will be of interest to almost the entire spectrum of professionals connected to regulation or its use: academicians, researchers, practitioners, policy makers, members of competition authorities or sector regulatory agencies etc. It is hoped that through this volume the study of regulation in developing countries emerges as a distinct field, as it should, given that these countries have regulatory needs and constraints that differ markedly from those developed countries.

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Space Security and Global Cooperation

Space Security and Global Cooperation

 
Editors: Ajey Lele, Gunjan Singh
 

For the last five decades artificial satellites are being used to perform diverse roles in astronomy, atmospheric studies and education. They have been found useful for reconnaissance, meteorology, navigation, communication and search & rescue.

Space technologies are offering benefits to space faring nations and space derived products are available at a price. Space is also been seen as the ultimate high ground and gives armies and space faring nations tremendous advantage on the battlefield. After the Chinese ASAT test in January 2007, the global community has now become more concerned about the likely weaponisation of space.

With these aspects as a backdrop, this book Space Security and Global Cooperation is a collection of papers that were presented at the Space Security Conference organised by the Institute for Defence Studies and Analyses, New Delhi and the Centre for Defence and International Security Studies, London. The book covers a wide spectrum of issues related to the field of space security, emerging technologies, regional perspectives, space tourism, space law and global cooperation. It is an attempt to contextualise the debates in a more cogent form.

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Financial Inclusion

Financial Inclusion

 
Sameer Kochhar, R. Chandrashekhar, K.C. Chakrabarty, Deepak B. Phatak (EDS.)
 

This compilation is the result of action research and field visits across India spread over last 10-years that have been punctuated with seminars and workshops providing multi-stakeholder consultations. These were conducted by Skoch Consultancy Services with recently added support from Skoch Development Foundation. The compilation focuses on various facets of financial inclusion ranging from opening up of no-frills accounts to micro-credit to financial literacy, while emphasising the role of process changes, technology enablement, capacity building and outreach mechanism. It looks at examples of local bodies, post offices and tele-centres having been used effectively. It also proposes a model of inclusive development, emphasising that inclusive economics leads to inclusive governance and vice-versa. The book provides a holistic view based on practitioners’ perspective and grassroots learning. A must read for all involved in inclusive development of India.

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The US Approach to the Islamic World

The US Approach to the Islamic World

in Post 9/11 Era
Chintamani Mahapatra
 

The United States' mercurial foreign policies toward the Muslim world—including actions taken against Islamic countries who have attempted to challenge the United States' regional dominance; and alliances with Pakistan, the United Arab Emirates, and Saudi Arabia—are expertly examined in this incisive treatise. Islamic revivalism, the emergence of a highly political Islamic population, the rise of terrorism, and other recent socio-political changes are also thoroughly discussed.

How the US has reconfigured its policy towards the radical and the conservative group of Muslim countries and how its new mission against terrorism has affected international relations, particularly US-Indian relations, is the central focus of the study.

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State, Natural Resource Conflicts and Challenges to Governance

State, Natural Resource Conflicts and Challenges to Governance

Where do we go from here?
Editor: N.C. Narayanan
 

Governance in current debates demands pluralism of actors in the societal spheres of state, civil society and business. There is an inherent assumption of harmony among these spheres, which appears to optimise complimentary outcomes in ‘good governance’. In the real world, however, conflict is the norm rather than the exception.

Conflicts over the access and control of natural resources have amplified over time with large-scale resource transformation, especially through technological innovation. Today, the key challenge before natural resource governance is the need to balance economic growth with the demands and aspirations of the differentiated social structure, the future generations and the environment. Studies in this volume examine the competing, and diverging, interests that generate certain forms of natural resource conflicts. The studies bring into focus the changing role of the State and the social and environmental impact of State interventions in triggering conflict and mobilising resistance.

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Theory, Measurement and Policy

Theory, Measurement and Policy

Evolving Themes in Quantitative Economics
V. Pandit, K.R. Shanmugam (EDS.)
 

Recent years have witnessed major paradigm shifts in many faces of economics; its philosophical foundations, empirical methodologies and policy issues. The papers put together in this volume give us in one place rigorous and refreshing insight into the unresolved problems in search for appropriate models of economic behaviour, methodologies for policy analysis and a number of issues which have become vital for sustainability of the current pace of economic development. While the Indian Economy provides the backdrop to the discussion of poverty alleviation for shared prosperity, costs of environmental degradation, regulation of public utilities, promotion of financial efficiency, articulation of monetary management under a new paradigm of economic policy and macroeconomic policies in the emerging market economy, they do indeed have a universal relevance today. That the various contributions deal with these issues of today even though many of these were put forth some years back is indeed remarkable. Given the scholastic credentials of the distinguished authors and their long experience of dealing with economic policy, teachers, researchers, and students of economics could not have asked for more.

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Theory, Measurement and Policy

Theory, Measurement and Policy

Evolving Themes in Quantitative Economics
V. Pandit, K.R. Shanmugam (EDS.)
 

Recent years have witnessed major paradigm shifts in many faces of economics; its philosophical foundations, empirical methodologies and policy issues. The papers put together in this volume give us in one place rigorous and refreshing insight into the unresolved problems in search for appropriate models of economic behaviour, methodologies for policy analysis and a number of issues which have become vital for sustainability of the current pace of economic development. While the Indian Economy provides the backdrop to the discussion of poverty alleviation for shared prosperity, costs of environmental degradation, regulation of public utilities, promotion of financial efficiency, articulation of monetary management under a new paradigm of economic policy and macroeconomic policies in the emerging market economy, they do indeed have a universal relevance today. That the various contributions deal with these issues of today even though many of these were put forth some years back is indeed remarkable. Given the scholastic credentials of the distinguished authors and their long experience of dealing with economic policy, teachers, researchers, and students of economics could not have asked for more.

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Economic Freedom for States of the India 2008

Economic Freedom for States of the India 2008

 
P D Kaushik • Simrit Kaur
 

Economic freedom provides a right of property ownership, realised freedoms of movement for labour, capital, and goods, and absence of coercion or constraint of economic liberty beyond the extent necessary for citizens to protect and maintain liberty. This book attempts to showcase the degree to which the policies and institutions are supportive of economic freedom in the States of India. Most states have shown a marked improvement in terms of legal structure and security of property rights, but continue to remain heavily regulated. It is the third successive edition, which tracks the performance of Indian states over a three year period. Some states have bettered their performance in certain areas, but few states have slipped down for slow pace of reforms. The point to be noted is that all states have scope for improvement in providing an economically free environment for their citizens; however, the individual areas requiring attention differ from one state to the other. In other words, the analysis points out specific areas which require government action for economic freedom. This book should be of interest to all, especially entrepreneurs, industry, and policy makers, alike.

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Global Wage Report 2008 / 09

Global Wage Report 2008 / 09

Minimum wages and collective bargaining Towards policy coherence

International Labour Office, Geneva.
 

The first in a new series of ILO reports focusing on wage developments, this volume reviews major trends in the level and distribution of wages around the world since 1995. It considers the effects of economic growth and globalization on wage trends, looking closely at the role of minimum wages and collective bargaining, and suggests ways to improve wage levels and to enable more equal distribution.

Wages are a major component of decent work, yet there is a serious knowledge gap in this increasingly important area which this report begins to address. Part one summarizes the main trends in average wages and distribution of wages, providing a statistical analysis of the links between wages and economic growth, along with wage forecasts for 2008 and 2009. Part two examines the relationship between minimum wage policies and collective bargaining, highlighting the effects of institutions on wage outcomes and the importance of coherent policy articulation. Part three concludes with concrete policy recommendations and identifies key issues for further research. The report includes full technical and statistical annexes.

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Indian Industrial Development and Globalisation

Indian Industrial Development and Globalisation

Essays in Honour of Professor S.K. Goyal

Editors:
S.R. Hashim, K.S. Chalapati Rao, K.V.K. Ranganathan, M.R. Murthy
 

The contents of this volume add useful dimensions to the ongoing debate on various issues relating to India's transition to the new economic policy regime. The papers in this volume were written specifically for the National Conference on Industrial Development and Economic Policy Issues, organised by the Institute for Studies in Industrial Development during June 27-28, 2008. The Conference was held in honour of Professor S.K. Goyal and was anchored on his research interests. While some of the contributions deal specifically with the Indian scenario, others provide an overall context for the debate. They are thus an interesting mixture of specifics and the general.

Section I deals with the issue of industrialisation and employment especially in the context of increasing importance of the services sector and deceleration of the agricultural sector. Section II examines the historical context of the development of corporate sector in India as well as the present ownership pattern of the sector which has direct implications for industrialisation and distributional aspects respectively. This section also deals with the developments in the banking sector. Section III focuses on the role of foreign direct investment in development and innovation, the performance of different constituents of the corporate sector in terms of exports and India's preparedness for a free trade agreement with China. Section IV is about globalisation issues in general and India's experience in this context in particular. Section V focuses on issues relating to poverty and inequality. Section VI covers a different set of issues namely, political and cultural dimensions of the new era.

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Gujarat: Perspectives of the Future

Gujarat: Perspectives of the Future

 
Editor: R. Swaminathan
 

A path-breaking book which examines India’s highly controversial yet most successful state: Gujarat.

It is difficult to argue with Gujarat’s success— a consistently growing state income, massive contribution to India’s coffers, and high marks in industry, agriculture, and higher education.

How did Gujarat come to be India’s second most industrialised state, a toast among experts on economic development? And what lies ahead? In 11 well-researched, well-thought-out essays, some of the country’s leading experts on Gujarat give you the answers.

Convincingly woven by editor, R. Swaminathan, Gujarat: Perspectives of the Future takes more than a cursory look at the industrial development that has swiftly taken place in the state. The volume goes deep into the phenomenon, providing analyses for various issues such as the macroeconomic framework for Gujarat’s industrialisation and the dynamics of its corollary urban development. More importantly, the book examines the way forward: what challenges await Gujarat?

This book makes a compelling argument for a blueprint that will address the state’s serious problems including environmental degradation, discrimination against women, poor health care and nutrition, and lack of quality basic education. A blueprint which will then, make Gujarat’s remarkable development truly sustainable.

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From Poverty to Power

From Poverty to Power

How Active Citizens and Effective States Can Change the World
Duncan Green
 

The twenty-first century will be defined by the fight against the scourges of poverty, inequality, and the threat of environmental collapse—as the fight against slavery or for universal suffrage defined earlier eras.

From Poverty to Power argues that it requires a radical redistribution of power, opportunities, and assets to break the cycle to poverty and inequality and to give poor people power over their own destinies. The forces driving this transformation are active citizens and effective states.

Why active citizens? Because people living in poverty must have a voice in deciding their own destiny, fighting for rights and justice in their own society, and holding the state and the private sector to account.

Why effective states? Because history shows that no country has prospered without a state structure than can actively manage the development process.

There is now an added urgency beyond the moral case for tackling poverty and inequality: we need to build a secure, fair, and sustainable world before climate change makes it impossible. This book argues that leaders, organisations, and individuals need to act together, while th ere is still time.

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Gujarat: Perspectives of the Future

IDSA Asian Strategic Review 2008

 
Editor: S.D. Muni
 

IDSA Asian Strategic Review 2008, the second volume in the series of Annual Surveys revived by the Institute in the previous year, is divided into six sections. The first section, on international security, discusses some significant developments in the Asian security landscape, while taking stock of the persisting, unresolved concerns. The issues covered include space security in the aftermath of China’s anti-satellite test of 11 January 2007, energy security in the face of galloping oil prices, the growing concern regarding climate change, an evaluation of the current state of the global war on terror, and the evolving situation in Iraq, the safety of Pakistan’s strategic assets, and an assessment of the Sixth Biological and Toxic Weapons Convention.

The next section focuses on the theme related directly to India’s security concerns. Accordingly, India’s strengthened partnerships with the United States and Russia, its ocean security in the backdrop of capacity additions to its Navy, India’s Look East policy with imperatives for Northeast security and India’s acknowledged most pressing internal security challenge, the Maoist insurgency, are analysed in depth.

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Renewable energy Technologies

Renewable Energy Technologies
 
Special Focus on Distributed Power Generation
Potential for applications to rural sectors in India
PROF. Amitav Mallik, Dr. Nitant Mate, Devayani Bhave
 

This volume on “Renewable Energy Technologies” has a special focus on distributed power generation (DPG) to highlight the easy applicability of the alternative energy technology, particularly for rural sector in India. In times of rising oil prices and focus on clean technologies, the renewable technologies have an important role to play in future and the book relates the technology to Indian conditions and for ready usability independent of power supply grids and their associated problems.

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Agricultural Statistics at a Glance 2008

Agricultural Statistics at a Glance 2008

Directorate of Economics & Statistics
Department of Agriculture & Cooperation

Ministry of Agriculture
Government of India

 

The significance of database for agriculture and allied activities lies in the value addition it makes to research and policy formulation. The "Agricultural Statistics at a Glance" is a much awaited publication since it provides authentic information in a comprehensive manner. It provides wide range of data on crop production and productivity across States/regions, markets and prices, terms of trade, price support and procurement, domestic and international trade, credit, insurance, etc. The book will be greatly useful for economists, policy makers, researchers, agricultural scientists, students, different government and non-governmental organisations working in the agricultural sector and the public at large.

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Perspectives on Development

Perspectives on Development
Memoirs of a Development Economist
 
V. V. Bhatt
 

This is an unusual book of memoirs of both a distinguished economist and a successful public servant. His contributions qua economist could surpass those of many others who devoted their life-time only to teaching and research in India. He has figured conspicuously in the top international journals in economics with articles on different aspects of the subject.

Bhatt as a memorialist has scrupulously avoided being on a self-adulatory ego-trip; he has focused mainly on contextualising his personality in the economic profession of his time in India. He imbibed his apparatus of thought from his great teachers at Harvard like professors, J. Schumpeter, W. Leontief, A. Hansan and A. Gerschenkron, which he harnessed with great success for his creativity in economics. His memoirs are a unique narrative of how economics as a rigorous social discipline evolved in India, superseding most of the arid descriptive economics of his predecessors in pre-war India. He meticulously but without being self-referential describes how the research department of the Reserve Bank of India created a niche for itself in economic research, even overtaking the leading and older central banks in the US and the European continent.

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Commercial Banks and Monetary Policy in India

Commercial Banks and Monetary Policy in India
 
Partha Ray
 

In conducting monetary policy, a Central Bank primarily tries to influence behaviour of the commercial banks. The response of commercial banks to monetary policy actions is, thus, a key element of monetary policy. In view of the resurgence of the credit channel of monetary policy and episodes of credit crunch, world-over the issue has gained currency.

Against the backdrop of financial sector reforms in India, this book looks into the theory, stylised facts and empirical evidence on the relationship between commercial banks’ behaviour and monetary policy. The book presents an analytical account of the credit channel of monetary transmission and looks into the modified IS-LM model with an independent banking sector. Econometric evidence of the book is pointer to the fact that not all the banks respond uniformly to monetary policy. Attributes like ownership, size, liquidity, or capitalisation play important roles in determining the nature of response. The book also examines futuristic issues like consolidation of the banking sector in light of the evidence.

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Perspectives on Development

Privatisation and Labour Restructuring
 
Gopal Ganesh
 

Privatisation of State owned enterprises has raised a lot of passion, heat and dust around the world, especially after the huge successes this policy had in the United Kingdom and Germany, Latin American countries, Asia and Africa. But very soon, it came to be recognised that privatisation did create many problems, such as lack of transparency, pseudo capitalism and many other associated evils. The welfare aspects of privatisation also tended to be given inadequate attention in the privatisation process.

In the rush to privatise, many countries ignored the welfare role of the State. In particular, the negative aspects of privatisation relating to labour came to be recognised and initiatives began to be taken to lessen these negative social aspects. These were, however, not adequate and resulted in impoverishment and considerable hardship to labour and led to questions on the wisdom of pursuing privatisation policies.

In this book, the author examines the privatisation processes in Sri Lanka and India and the implications that it has for various sections of society. The book also examines the measures that need to be adopted to minimise the negative societal implications of labour restructuring on account of privatisation, in the light of international experience.

This book is the first detailed analysis of the subject of societal implications of labour restructuring in Asia and will serve as a useful reference book for researchers and scholars of privatisation, besides policy makers and practitioners.

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West Asia and the Region

West Asia and the Region

Defining India's Role
Editor: Rajendra M. Abhyankar
 

India and West Asia represent a confluence of civilisations which is a paradigm for our times. Over the millennia, the religious, ethnic, political, commercial, cultural, literary and linguistic ties that bind the peoples of the two regions have endured. Today these ties are marked by a mutuality of interest and benefit with India's emergence as a global player. Never has the need for maintaining security, peace and prosperity in our region been greater with the retrograde developments witnessed in recent years. The conjunction of these events has inevitably led to calls for India to play a helpful role in the search for solutions to the festering conflicts in the region. This compendium explores the possibilities, challenges and parameters of such an engagement. While the jury is still out, the papers presented here highlight its multi-dimensional character.

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Footprints of Development and Change

Footprints of Development and Change

Essays in Memory of Professor V.K.R.V. Rao
commemorating his birth centenary

Editors: N. Jayaram and R.S. Deshpande

 

This volume endeavours to present the terrain of development thinking in various fields of specialisation. The authors include Prof. V.K.R.V. Rao Chair Professors and winners of V.K.R.V. Rao Prizes instituted by the Indian Council of Social Science Research, New Delhi. The subjects covered are as varied as economic theory, macro models, differing approaches to explaining development, concerns of inequality and poverty, changes in community life, India’s foreign policy questions, empowering vulnerable sections, etc. The most important feature of this volume is its in-depth analysis of these develop-mental issues and the challenges to the Indian academia.

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A Passionate Humanitarian VKRV Rao

A Passionate Humanitarian VKRV Rao

 

Institute for Social and Economic Change, Bangalore

 

This volume contains 31 reminiscences by colleagues, friends and kin who were associated with the late V.K.R.V. Rao during his life-time, particularly in his life-long mission to nurture social science in the country and build centres of excellence in social science research. It is a tribute to his memory on the occasion of his centenary and focuses mainly on the third and final Institution, Institute for Social and Economic Change, Bangalore that Prof. Rao founded. The incidents covered and personalities referred to in the contributions give a good idea about the man who rode as a colossus in the academic and intellectual arena of the country for over 50 years, the personal and professional challenges he faced in his relentless quest and always emerged victorious. It is hoped that the collection would provide for us and the posterity a glimpse of the exemplary zeal with which Prof. Rao went about fulfilling his mission and inspired scores of young academics to participate in it.

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Maize in Asia

Maize in Asia

Changing Markets and Incentives

Editors: Ashok Gulati and John Dixon

 

Over the past several decades Asia’s maize economy has expanded significantly, and in recent years Asia’s share of maize production has risen more rapidly. It is poised to grow even further, owing to direct and indirect demand generated from the region’s burgeoning animal feed and industrial sectors. This study covers seven Asian countries, namely China, India, Indonesia, Nepal, the Philippines, Thailand, and Vietnam. Together, these countries generate over 90 per cent of Asia’s maize production, and a quarter of the world’s maize supply. The basic objectives of the study were to:

• review the production, consumption and trade in maize in Asia;

• highlight the policy environment in each country;

• analyse the incentives available for maize producers; and

• forecast the nature of the maize economy in Asia in 2025.

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World Population Policies 2007

World Population Policies 2007

united nations

 

The publication provides a summary overview of population policies and dynamics for each of the United Nations Member and non-member States for which data are available at mid-decade for the 1970s, 1980s, 1990s and for 2007. 

This publication shows, on a country-by-country basis, the evolution of Government views and policies from 1976 to 2007 with respect to population size and growth, population age structure, fertility and family planning, health and mortality, spatial distribution and international migration. Within the context of demographic, social and economic change. The material is presented in the form of two-page data sheets: the first page contains population policy data for each country for 1976, 1986, 1996 and 2007, and the second page provides population indicators for the corresponding years.

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EU India relations

EU India relations

a critique

Editor: Shazia Aziz Wülbers
 

India and the European Union have stepped up efforts to improve relations, especially since the first EU India Summit of 2000. However, there seems to be a growing gap between their expectations from each other in most areas and their perceptions of the world order. What are the reasons for this state of affairs? Do they have the capacity to become ‘strategic partners’ in the near future? Will India prefer the US to the EU after the implementation of the India-US nuclear deal? Would the EU and India be able to settle their differences on human rights issues? ... Read inside what distinguished scholars and experts have to say.

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Indirect Economic Impacts of Dams

Indirect Economic Impacts of Dams

Case studies from India, Egypt and Brazil

Editors:
Ramesh Bhatia, Rita Cestti, Monica Scatasta,
R.P.S Malik

 

Dam assessment, by its very nature, is a complex undertaking. Many of the benefits and costs associated with dam development have quite different time streams. These benefits and costs are faced by different sectors and there are inter-relationships between sectors. The effects of dams are distributed across different spatial scales, from local to basin, to regional to national, and in some cases, to trans-national. To add to the complexity, while some of the impacts of the dam projects are ‘direct’, the others are ‘indirect’ with the definition of what constitutes ‘direct’ versus ‘indirect’ impacts also varying.

The aim of the present study has been to evaluate some of the above interactions, in particular the ‘direct’ and ‘indirect’ economic impacts of dams. The study ex-post evaluates the magnitude of multipliers, a measure of the total benefits (direct plus indirect) of the project in relation to its direct benefits, and assesses the distributional and poverty reduction impacts of dam projects. The four cases studied in the present book include three large projects—Bhakra Dam System (India), Aswan High Dam (Egypt) and Sobradinho Dam (and the set of cascading reservoirs) (Brazil)— and one small check dam—Bunga (India).
 

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Infrastructure & Governance

Infrastructure & Governance

 

Editors:
Sameer Kochhar, Deepak B Phatak, H Krishnamurthy,
Gursharan Dhanjal

 

This compilation has emerged from a recent National Consultation on Infrastructure and Governance called India @ Work Summit, organised by Skoch Consultancy Services, providing critical insights into the subject of infrastructure and governance, all pointing to a common goal of inclusive growth.

The book opens with a chapter entitled: Participatory Democracy, Infrastructure and Empowerment. Offering the concerned reader the collective wisdom of eminent policy makers and distinguished experts, the content in this volume is organised under seven sections, namely:

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Kerala Development Report

Kerala Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA

The Kerala Development Report reviews the course of development of the State and the aspects in which the State holds a unique position among the States and Union Territories in India, such as universalisation of school education, reduction in fertility and mortality rates, development of health- care sector, growth of infrastructural facilities and expansion of financial institutions, It has also highlighted the pitfalls on its road to progress such as declining agriculture, stagnating industry, mounting unemployment and growing consumerism. The great strength of conviction that the State has acquired through incessant social reform struggles, progressive political movements, and land reform legislations is lending support to its pace of progress along egalitarian lines. The merging conflicts in the matters of private partnership in educational development, reservations to depressed communities in educational institutions and in government services, and participation of foreign investors in Kerala's development endeavours have added new dimensions to the path and pace of progress that the State may choose to tread. New problems that have arisen due to its spectacular success in bringing out a demographic transition such as the mounting proportions of the elderly and the aged in the State's population have also been highlighted in the report. The SDR of Kerala has also furnished a roadmap to development that the State may like to pursue in important economic sectors such as agriculture, traditional and small-scale industries and modern manufacturing industries.

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Sikkim Development Report

Sikkim Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA

The Sikkim Development Report attempts to assess the main strengths and weaknesses of the state in achieving a high level of development. Based on the analysis of the economy's fundamentals, it recommends a development strategy that takes into account the state's potential and builds on its strengths: a peaceful environment, diverse agro-climatic topography, supply of cheap labour and vast potential in tourism, hydro-power, and horticulture. The sustainable developmental strategy recommended will seek to (i) empower people by strengthening the social infrastructure, in the form of education and skill formation and easy access to good health systems, and physical infrastructure, such as a good connectivity and communications network, quality energy supply, and (ii) vastly changed role for the government as an enabler rather than a direct participant in the production-distribution processes.

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From Conflict to Cooperation

From Conflict to Cooperation

Labour Market Reforms that can work in Nepal

Robert Kyloh
 

This book reviews the history of labour relations in Nepal and considers criticisms of the existing industrial relations system. It reports on the re-emergence of the militant Maoist trade union and the recent upsurge in strikes and demonstrations in Nepal. A reduction in workplace tension is needed to cement in place the recent peace agreement, facilitate political stability and promote economic growth.

Focusing on broad economic developments since 1990, it sheds light on how labour legislation and labour institutions have influenced investment, growth and jobs over the long term. The views of those most directly affected by the labour legislation, institutions and attitudes that govern industrial relations in Nepal have been collected through surveys and interviews with managing directors and entrepreneurs, trade union leaders and hundreds of ordinary workers from a range of locations, industries and occupations. These views have heavily influenced the conclusions presented in this volume.

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The Global Employment Challenge

The Global Employment Challenge

 

Ajit k. Ghose, Nomann Majid, Christoph Ernst

 

The world faces a huge challenge of creating productive jobs for its expanding labour force. Unlike the challenge of sustaining global economic growth or that of correcting global trade imbalances, this global employment challenge is barely recognized and its nature and magnitude are certainly not well understood. Indeed, there is a widespread (though rarely stated) belief that even in an era of globalization employment remains a national concern, so that there can be no such thing as a global employment challenge. Yet the employment challenge today is global in several important respects. Inadequate availability of productive jobs is now a worldwide phenomenon. Global forces – cross-border flows of trade, capital and labour – have significant con - sequences for employment in individual countries. Also, international policies are now as important as national policies for expanding opportunities for productive employment in less developed countries, which is where most of the world’s workers live and where almost all of the world’s new workers will live.

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Growth and Structure of Tertiary Sector in Developing Economies

 
Seema Joshi
 

The relatively faster growth of tertiary sector vis-a-vis other broad sectors of the economics, as they experience a higher growth rate, has become almost a universal phenomenon. This has given rise to contemporary issues related to this form of economic development. The topicality of this issue is the broad theme of this book.

Numerous studies have been devoted to the growth of the agricultural and manufacturing sectors of the developing countries, but the services sector has received far too inadequate attention of the researchers. An attempt has been made in this book to fill this gap.

A unique feature of the book is that it attempts to answer the following set of questions in a systematic manner.

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India and the Global Economy

India and the Global Economy

 

EDITORS: Rajiv Kumar and Abhijit Sen Gupta

 

With contributions from India's most distinguished economists, this collection of papers—commissioned for the Silver Jubilee conference of the Indian Council for Research on International Economic Relations—addresses important policy challenges facing India as it becomes increasingly integrated in global economy.

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The Indian Economic Journal

The Indian Economic Journal

Volume 55 • Number 2 • July - Sept. 2008

Managing Editor: Dr V.R. Panchamukhi

 

The Indian Economic Journal is the main Journal of the Indian Economic Association. It is published quarterly and it is a fully refereed Journal. Its main objective is to provide a forum for dissemination of the research findings of scholars from all over the world, on Issues of analytical, methodological and practical value to the professional community. The IEJ is now in its 55th year of publication.

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India, GCC and the Global Energy Regime

India, GCC and the Global Energy Regime

Exploring Interdependence and Outlook for Collaboration

Samir Ranjan Pradhan

 

Growth-induced structural changes have precipitated a phenomenal increase in energy consumption in the economies of the Asian region. Importantly, Asia’s burgeoning demand for oil and gas is a crucial factor in the current world energy market and has occupied centre stage in the contemporary discourse on global energy security. This book explores one aspect of such transition, envisaging the emerging pattern of energy interdependence between India as a major energy consuming and importing country and the prominence of the Gulf Cooperation Council (GCC) countries as the major source of energy supplies for India and the Asian region as a whole. The book argues that the evolving pattern of energy related links and tendencies will act as a stimulant to boost bilateral economic relations between India and the GCC to an elevated trajectory.

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Management of Natural Resources—Institutions for Sustainable Livelihood:

Management of Natural Resources — Institutions for Sustainable Livelihood:

The case of Rajasthan
sunil ray
 

In this book the author explores the relevance of communitarian institutional approach for sustainable management of renewable natural resources in Rajasthan. The book is interdisciplinary and closely verifies institutional development within the power theoretic framework. Moving from case to case, it searches for a conceivable strategy for equitable management of renewable natural resources in the public domain. While having followed proven methodologies, it has examined several aspects of institutional interventions and ecological changes that have serious implications for livelihood generation.

Despite the fact that the rural society is socially and economically heterogeneous, the book reveals that institutional sustainability against the backdrop of unequal power relations may succeed in restoring degraded eco-system by means of expanding bio-diversity. And, by doing so, it could ensure livelihood of the poor and the disadvantaged in a drought that prevailed for more than three years. All these bring missing links between poverty reduction and ecological restoration to the centre of the development discourse. Prof. Ray has systematically drawn some insightful lessons from the scenario analysis of the institutions and explores complementarity between market and community institutions. While conflicts on command over renewable resources in the state are inescapable, their resolution must be sought in the public domain, suggests Prof. Ray. It may call for vertical integration between the state, civil society organisations and community institutions.

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Development in Karnataka

Glimpses of Indian Agriculture

MACRO AND MICRO ASPECTS (A SET OF 2 VOLUMES)
GENERAL EDITOR: S.M. Jharwal
 

Authentic and authoritative, this presentation in two volumes shares a comprehensive overview of the extensive research undertaken by the Agro Economic Research Centres (AERCs) and the concerns confronting Indian agriculture. Established across the states in India to provide policy feedback to the Ministry of Agriculture, the AERCs generated many important research initiatives and debates over five decades.

The volume on macro premise deals with the broader themes like macro policy changes, WTO, tariff policy, institutional issues, minimum support prices etc., whereas, the volume on micro issues addresses the problems confronted by each of the participating states at the regional level.

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Development in Karnataka

Development in Karnataka

Challenges of Governance, Equity and Empowerment

Editors: Gopal K. Kadekodi, Ravi Kanbur and Vijayendra Rao

 
Karnataka was founded 50 years ago and in those decades has embodied the challenges and contradictions that are faced by the rest of India—spectacular technology-led growth in Bangalore tempered with an abiding sense of the city's ungovernability, enduring gender inequity and regional disparities, and a visibly increasing gap between urban and rural areas. Yet, Karnataka is also increasingly being seen as a model of development. Bangalore's metamorphosis from a noun to a verb is the archetypical symbol of an India "unbound", and Karnataka's pioneering experiment with Panchayati Raj reform under the Hegde government in the 1980's sparked the 73rd amendment to the Indian Constitution and the consequent and continuing wave of devolutions in finance and power to panchayats. This emphasis on technology-led growth coupled with local government reform is, at least in theory, a singularly innovative strategy to address the challenge of generating growth with equity and can be described as the "Karnataka Model" of development.

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World Economic Situation and Prospects 2008

Trinity of the South

Potential of India-Brazil-South Africa (IBSA) Partnership

Research and Information System for Developing Countries (RIS)
The coming together of India, Brazil and South Africa to strengthen the economic partnership is a major development in the area of South-South Cooperation. The three partners represent leading economies in their respective continents and bring together an array of complementary strengths and capabilities that could be exploited for mutual benefit. They have shared political and economic history and development experiences. There are significant synergies between these countries as they have developed substantial capabilities in different sectors over the years. But these synergies are yet to be fully utilised for their collective benefit and development of the South in general. IBSA countries can reinforce the economic strength of each other by synergising their complementarities in areas of industry, services, trade and technology which in turn could create a market of 1.3 billion people, US$2 trillion of GDP and foreign trade of nearly US$ 540 billion in 2005. IBSA partnership is also of immense strategic value for multilateral negotiations and shaping their respective roles in the global governance.

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World Economic Situation and Prospects 2008

World Economic Situation and Prospects 2008

UNITED NATIONS

According to WESP 2008, the world economy is facing serious challenges in sustaining the strong pace of economic growth seen over the past few years. While the baseline forecast is for world economic growth to moderate somewhat in 2008, the risks associated with the bursting of the housing bubble in the United States, the related unfolding credit crisis, the decline of the dollar, large global imbalances and high oil prices are all pointing to the downside. The report draws some lessons from the global financial turmoil of 2007, which was triggered by the meltdown of sub-prime mortgages in the United States, and points out that the various measures adopted by central banks of the major economies did not address the root causes of the turmoil: the huge global imbalances. In an alternative scenario, which takes into account the possibility of a sharper-than-expected decline in house prices in the United States and a hard landing of the US dollar, the United States economy would fall into a recession, while global growth would be significantly lower than the baseline. In addition to trends in international trade and capital flows, WESP 2008 also covers the latest progress and policy issues related to international trade negotiations and reform of the international financial system.

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Andaman and Nicobar Islands Development Report Andaman and Nicobar Islands Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA.

The Planning Commission has decided to prepare State Development Reports (SDRs) for all States and Union Territories of India. The objective in bringing out these reports is to provide a credible independent quality reference document on the development profile, set out strategies for accelerating the growth rate of States, lessen disparities and reduce poverty. The SDR is meant to discuss the constraints and challenges faced by a State and provide a vision, blueprint or a roadmap for its socioeconomic progress.

Each SDR is being prepared with the assistance of reputed national-level agencies, under the supervision of a core committee, headed by a Member of the Planning Commission, and including a senior representative of the State Government. The publication of the Maharashtra Development Report follows the recently published SDRs of Karnataka, Uttar Pradesh, Rajasthan, Tamil Nadu and Himachal Pradesh, while SDRs of many other States and Union Territories of India are under various stages of preparation.

The Andaman and Nicobar Islands Development Report highlights issues related to the development priorities of the islands and the road ahead in health, education, tribal development, environment, agriculture, ports, shipping and air connectivity. The report suggests a long-term plan to restore the livelihoods, adversity affected by the Tsunami in December 2004. It is expected to serve as a useful reference material and stimulate informed debate on the policy issues faced by the Union Territory.

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Protecting the poor

Protecting the poor

A microinsurance compendium

Editor  :   Craig Churchill 

This authoritative compendium brings together the latest thinking of leading academics, actuaries, and development professionals in the microinsurance field. The result is a practical, wide-ranging resource which provides the most thorough overview of the subject to date.

The book allows readers to benefit from the valuable lessons learned from a project launched by the CGAP Working Group on Microinsurance analysing operations around the world. Essential reading for insurance professionals, practitioners and anyone involved with offering insurance to low-income persons, this volume covers the many aspects of microinsurance in detail, including product design, marketing, premium collection and governance.

It also discusses the various institutional arrangements available for delivery such as the community- based approach, insurance companies owned by networks of savings and credit cooperatives and microfinance institutions.

The roles of key stakeholders are also explored and the book offers insightful strategies for achieving the right balance between coverage, costs and price.

 

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IEG at Fifty

IEG at Fifty

Recollections , Retrospect and Prospect

Institute of Economic Growth , Delhi

Founded in 1958 by the great academic visionary and institution-builder Professor V.K.R.V. Rao, the Institute of Economic Growth, Delhi today ranks amongst the premier research institutes of the country. It is always the people belonging to an institution who are responsible for its greatness. Commemorating the fiftieth year of the Institute, several illustrious members of the ‘IEG family’, including present faculty, the former faculty, visiting fellows and Ph.D. students, have come forward to share their thoughts, memories and feelings for their institute—the IEG.

With 36 chapters in six parts, 17 boxes and 26 photographs, this festschrift volume also reflects the evolution of research in social sciences at the IEG during the period 1958-2007. These recollections and reflections together provide an interesting insight into how the institution was set up and how it has evolved and contributed to research, training, teaching and policymaking. The small anecdotes throughout the book—in the form of boxes, reflecting informal profiles of some distinguished academics as also aspects of campus life—provide an interesting read.

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Towards Improving Governance

Towards Improving Governance

Editor  :  S.K. Agarwal

Promoted by Transparency International India, this book has been compiled to create awareness about the current state of governance in India and directions needed to improve governance in the country. The volume seeks to analyse the efforts made in this direction and the various tools available to the common man for availing hassle free public services one is entitled to.

The book is divided into four parts.

— The first part deals with the perception about governance since time  immemorial.

— Part two covers the state of governance in four major monopolistic services, namely, the police, judiciary, income tax and property registration, and the efforts required to improve these services.

— Part three attempts at creating awareness amongst readers about various tools of improving governance and means and ways to use them. These tools include: Citizens' Charters, Right to Information, e-Governance, Social Audits, Report Card and Integrity Pact.

— Part four contains some exemplary initiatives to enable the concerned quarters to replicate them in order to improve the public service delivery system in some of the major public services.

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Report on Conditions of Work and Promotion of Livelihoods in the Unorganised Sector

Report on Conditions of Work and Promotion of Livelihoods in the Unorganised Sector

National Commission for Enterprises in the Unorganised Sector, Government of India

Chairman: Arjun K. Sengupta 

This Report is focused on the informal or the unorganised sector of the economy, which accounts for an overwhelming proportion of the poor and vulnerable population in an otherwise shining India. It concentrates on a detailed analysis of the conditions of work and lives of the unorganised workers consisting of about 92 per cent of the total workforce of about 457 million.

One of the major highlights of this Report is the quantification of unorganised or informal workers, defined as those who do not have employment security, work security and social security. These workers are engaged not only in the unorganised sector but in the organised sector as well. The picture that the Report presents is based on the latest available set of data from the Sixty-first Round of the National Sample Survey in 2004-05. This has been supplemented with data from other sources.

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World Investment Report 2007

World Investment Report 2007

Transnational Corporations, Extractive Industries and Development

UNITED NATIONS

World Investment Report 2007 (WIR07) is the seventeenth in a series published by the United Nations Conference on Trade and Development (UNCTAD). The Report analyses the latest trends in foreign direct investment (FDI) and puts a special focus in 2007 on the role of transnational corporations (TNCs) in the extraction of oil, gas, and metal minerals.

Higher prices for many minerals have led to renewed investor interest in the extractive industries. TNCs—including some of the world´s largest corporations—play a key role in the mining of metals and in the extraction of oil and gas. Privately owned TNCs dominate the harvesting of metal minerals, while State-owned companies from developing and transition economies are key players in oil and gas. Many such State-owned firms are emerging as TNCs in their own right.

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Trade and Development Report, 2007

Trade and Development Report, 2007

Regional cooperation for development

United nations

The Trade and Development Report 2007, subtitled "Regional cooperation for development", recommends that developing countries should strengthen regional cooperation with other developing countries, but proceed carefully with regard to North-South bilateral or regional preferential trade agreements. Such agreements may offer gains in terms of market access and higher foreign direct investment, but they can also limit national policy space, which can play an important role in the medium- and long-term growth of competitive industries. By contrast, strengthened regional cooperation among developing countries can help accelerate industrialization and structural change and ease integration into the global economy. However, to achieve this, trade liberalization is not enough; active regional cooperation should also extend to areas of policy that strengthen the potential for growth and structural change, including monetary and financial arrangements, large infrastructure and knowledge-generation projects, and industrial policies.

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Global Rice and Agricultural Trade Liberalisation

Global Rice and Agricultural Trade Liberalisation

Poverty and Welfare Implications for South Asia

EditorS: Mohammad A Razzaque,  Edwin Laurent

Rice has long been one of the most protected commodities in world trade. Now the probable significant liberalisation of trade in rice is likely to have huge welfare implications for many countries dependent on its production and trade, particularly those in South Asia.

This book explores the poverty and welfare implications of this liberalisation for India, Bangladesh, Pakistan and Sri Lanka, and identifies the effects on different groups within poor rice-dependent developing countries.

This book will be of great interest to researchers and policy makers, in South Asia and elsewhere, looking at the distributional consequences of multilateral trade agreements in terms of poverty and welfare within individual countries.

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Paths to a Green World

Paths to a Green World

The Political Economy of the Global Environment

Jennifer Clapp, Peter Dauvergne

This comprehensive and accessible text fills the need for a political economy view of global environmental politics, focusing on the ways key economic processes affect environmental outcomes. It examines the main actors and forces shaping global environmental management, particularly in the developing world. Moving beyond the usual academic emphasis on inter-national agreements and institutions, it strives to integrate debates within the real world of global policy and the academic world of theory.

The book maps out an original typology of four contrasting worldviews of environmental change—those of market liberals, institutionalists, bioenvironmentalists, and social greens— and uses these as a framework to examine the links between the global political economy and ecological change. This typology not only helps students understand and participate in debates about these worldviews but also provides a common language for students and instructors to discuss the issues across the social sciences. The book covers globalization and its consequences for the environment; the evolution of global discourse and global environmental governance; wealth, poverty, and consumption; the impact on the environment of global trade and trade agreements; transnational corporations and differential environmental standards; and the environmental effects of international financing, including multilateral lending and aid and bilateral and private finance. Brief, illustrative case studies appear throughout the text.

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From Resource Scarcity to Ecological Security

From Resource Scarcity to Ecological Security

Exploring New Limits to Growth

Editor: Dennis Pirages & Ken Cousins

From Resource Scarcity to Ecological Security revisits the findings of “The Global 2000 Report to the President” — commissioned by President Jimmy Carter and released in 1980 — and presents an up-to-date over-view, informed by the earlier projections, of such critical topics as population, water, food, energy, climate change, deforestation, and biodiversity. It examines current environmental trends in order to consider the state of the global environment over the next thirty years and discusses what can be done now to achieve ecological security.

The contributors to From Resource Scarcity to Ecological Security find that the world population will likely continue to level off, but the population decline in many industrialized countries will create new socioeconomic and political problems — including the "reverse demographic shock" of disproportionately large aging populations. Although world food production is likely to increase at a rate that keeps up with population growth, greater demand in China as well as distributional issues will keep significant numbers of people malnourished. In addition to these continuing scarcity issues, ecological insecurity may increase because of new threats that include global warming, loss of biodiversity, bioinvasion, and the rapid worldwide spread of new diseases. Assessing Limits to Growth not only analyzes the nature of these impending problems but also suggests ways to solve them.

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India: Some Aspects of Economic and Social Development

India: Some Aspects of Economic and Social Development 

Editors: S. Mahendra Dev, K.S. Babu

The book carries contributions by eminent social scientists on some very important topics relating to India's economic and social development.

The volume begins with issues relating to human development, such as education, health and governance. This is followed by comparison of India and China development paths. In a diverse country like India, fiscal matters at State level are important. These are discussed in the section on Indian fiscal federalism. Another section covers issues on employment, unemployment, safety nets for the poor and social dimensions of globalisation. The volume concludes with an analysis of the recent issues in agriculture.

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IDSA Asian Strategic Review 2007

IDSA Asian Strategic Review 2007

EDITOR: S.D. MUNI

The volume, divided into four sections, deals with strategic developments pertaining to Asia. Recognising the diverse 'push' and 'pull' factors impinging on a country's strategic posture, the volume starts off by dealing with issues which the Advisory Committee of Experts guiding this publication felt were of immediate relevance. Accordingly, the first section, on “International Security Issues” has articles analysing India's responses to the global energy security challenges, the resurgent Russia, the emerging military technologies and their security implications for India, the 'global war on terror' and the issues concerning the nuclear non-proliferation regime.

The next three parts contain in-depth analyses of major events in South, East and the West and Central regions of Asia. These constitute India's immediate and extended strategic neighbourhood. The wide range of issues dealt with include the evolving partnership between India and the United States, the changes in the contours of the Sino-Indian and the Sino-Japanese relationship, an evaluation of the India-Pakistan peace process, the challenges of institutionalising democracies in Bangladesh, Nepal, and Afghanistan, the ethnic conflict in Sri Lanka, the East Asian 'economic dynamism and political flux', Pyongyang's nuclear 'brinkmanship', Iran's nuclear programme, developments in Israel-Palestinian relations, and the role of major powers in Central Asia.

The volume also presents a Statistical Appendix containing defence and conflict-related data for important countries in Asia.

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Building e-Community Centres for Rural Development

Building e-Community Centres for Rural Development
Report of the Regional Workshop

UNITED NATIONS

The report focuses on the Buildinge-Community Centres for Rural Development Workshop co-organized by UNESCAP and ADBI, aimed at examining the various issues related to CeCs in the Asia and the Pacific region and share good practices that can be used as models for successful development and operation of these centres.

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Migration, Development and Poverty Reduction in Asia

Migration, Development and Poverty Reduction in Asia

IOM International Organization for Migration 

Earlier versions of the papers in this volume were presented at the “Regional Conference on Migration and Development in Asia”, held in Lanzhou, China, 14-16 March 2005. The conference, hosted by China’s Ministry of Foreign Affairs, was organised by IOM and funded by Britain’s Department for International Development (DFID).

Though there has been increasing attention paid to the potential role migration can play in fostering development, most of that attention has tended to focus on international migration. Internal migration has been somewhat neglected but is also an extremely important policy area.

One of the key aims of the Lanzhou conference was to identify more effective ways to enhance the benefits of internal migration for poverty reduction and development, and how this could be complemented by strategies to ensure that migrants have decent working conditions and access to health and social services.

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OECD Economic Survey of India

OECD Economic Surveys: India

ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

OECD's first economic survey of the Indian economy. It opens with a broad overview of economic developments over the past twenty years, showing how India has grown to become the third largest economy in the world. It then examines a series of specific policy areas including the unbalanced growth across states, competition policy and reforming India's product and service markets, improving the performance of labour markets, improving the financial system, improving the fiscal system, improving infrastructure, and upgrading the educational system. For each policy area, a series of recommendations is made.

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Inclusive Growth Inclusive Growth
Development Perspectives in Indian Economy

N.A. Mujumdar

Authored by the distinguished economist N.A. Mujumdar, the bunch of 19 papers brought together in this book seeks to argue that in the present Indian context, inclusive growth has become both, a growth and a development imperative: growth, because a high GDP growth like 8 or 9 per cent can be sustained only if other sectors or segments of the economy, which have been sluggish because of number of factors including policy neglect, can be activated; development, because this is perhaps the best route by which the bulk of the poor can be provided with livelihood and food security.

Facilitating inclusive growth is a far more complicated process, involving micro planning, evolving area specific solutions and participation of a number of actors panchayati raj institutions, central and state Governments and NGOs, SHGs, etc. Inclusive growth also demands a committed bureaucracy and more imaginative policymakers, from both of whom a pro-active role is warranted. The exploratory work embodied in this book, it is hoped, would provoke further studies on the subject.

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A Nation in Transition A Nation in Transition

Understanding the Indian Economy 

Jayshree Sengupta

Indian economic development is only five decades old. Its future course seems to be bright but uncertain. There are lots of good and impressive points about India’s emergence as a prominent economic power and people in industrialized countries are taking note of these changes. India’s huge middle class, that increasingly includes the rural well to do, are all aspiring for a higher standard of life for themselves and for their children. They are making their children seek better marks and learn new skills; they are doing their best in all walks of life to get ahead and catch up with global standards. It is this middle class that is the driving force behind the great push forward that can make India great in the future. In this thrust forward, this book discusses the role of the government. But more importantly, the book aims at explaining the workings of the Indian economy, not to the ‘initiated’, but to the intelligent reader who is interested in knowing more about India’s changing economic pattern. It aims at presenting the various intricacies of the Indian economic system simply and clearly.

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Economic Freedom of the World 2007

Economic Freedom of the World

2007 Annual Report

JAMES GWARTNEY  &  ROBERT LAWSON

with the assistance of Joshua Hall

with Russell S. Sobel and Peter T. Leeson

The key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete, and protection of the person and property. Economic freedom liberates individuals and families from government dependence and gives them control of their own future. Empirical research shows this spurs economic growth by unleashing individual dynamism. It also leads to democracy and other freedoms as people are unfettered from government dependence.

The annual Economic Freedom of the World Report ranks countries on their level of economic freedom. This comprehensive index, constructed under the leadership of The Fraser Institute and Nobel Laureate Milton Friedman, is the most objective and accurate measure of economic freedom published to date by any organization and the only one that uses reproducible measures appropriate for peer-reviewed research.

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The Power of Peer Learning The Power of Peer Learning
Networks and Development Cooperation
Jean-H. Guilmette

An ancient Chinese proverb tells us “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” The same can be said for development assistance. Solutions provided by outside “experts” are often rejected or politely shelved. However, solutions based on the principle of “self-help” are far more likely to take root.

This book explores the self-help, peer learning approach of the Organisation for Economic Co-operation and Development (OECD), comparing it with that of IDRC. It focuses on the importance of networks to development and growth, and demonstrates that network management is fundamentally different from the management of companies, organizations, or other bodies that fall under a single authority.

The book will be of interest to planners, policymakers, and researchers in the industrialised and developing worlds, and particularly in the new and emerging democracies of Eastern Europe.

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World Economic and Social Survey 2007 World Economic and Social Survey 2007
Development in an Ageing World
UNITED NATIONS

World Economic and Social Survey 2007: Development in an Ageing World

Greater longevity is an indicator of human progress in general. At the same time, increased life expectancy and lower fertility rates are changing the population structure worldwide in a major way: the proportion of older persons is rapidly increasing, a process known as population ageing. The process is inevitable and is already advanced in developed countries and progressing quite rapidly in developing ones.

The World Economic and Social Survey has also come of age as it celebrates the sixtieth anniversary of the publication, which first appeared in 1948 (then called the World Economic Survey).

The Survey argues that the challenges are not insurmountable, but that societies everywhere need to put in place the policies required to confront those challenges effectively and to ensure an adequate standard of living for each of their members, while respecting and promoting the contribution and participation of all.

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Lakshdweep Development Report Lakshadweep Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA.

The Planning Commission has decided to prepare State Development Reports (SDRs) for all States and Union Territories of India. The objective in bringing out these reports is to provide a credible independent quality reference document on the development profile, set out strategies for accelerating the growth rate of States, lessen disparities and reduce poverty. The SDR is meant to discuss the constraints and challenges faced by a State and provide a vision, blueprint or a roadmap for its socioeconomic progress.

The Lakshadweep Development Report highlights issues related to the development of small islands and the road ahead for the progress of the Union Territory. Lakshadweep's potential in tourism, coconut development and its transformation in social sectors are well documented in the report. Infrastructure, human development, biodiversity and environment protection, governance and economic issues of Lakshadweep are adequately addressed in the report. The report is expected to serve as a useful reference material and stimulate informed debate on the policy issues facing the Union Territory.

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Rajasthan : THE QUEST FOR SUSTAINABLE DEVELOPMENT Rajasthan
tHE QUEST FOR SUSTAINABLE DEVELOPMENT

Editors: Vijay S. Vyas, Sarthi Acharya, Surjit Singh
and Vidya Sagar

Rajasthan, the largest state in India, started its quest for development with several handicaps and a few advantages. Nearly two-third of its area is arid or semi-arid, with low and irregular rainfall characterised with extremes of climate. For a predominantly agrarian economy these conditions prove a major handicap in ensuring sustainable growth.

If geography of the state is proving a stumbling block, its history—especially, recent history— makes the task of sustainable growth all the more daunting. The feudal tendencies had a deep sway over social organisation, which was characterised by hierarchical outlook, paternalistic institutions, low status of women and sharp social and economic discrimination against certain sections of population.

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Governance of Rural Electricity System in India Ecotaxes on Polluting Inputs and Outputs 
DR. raja j chelliah, DR. Paul P Appasamy, Dr. U Sankar,
and Dr. Rita Pandey

Economic instruments have become increasingly popular worldwide as s strategy to achieve environmental goals. The National Environment Policy, 2006 recommends the use of economic instruments to supplement regulation. Unlike emission taxes or tradable permits which require legal and institutional capacity, ecotaxes on polluting inputs and outputs can be easily implemented through the existing system of central taxes. For dispersed non-point source pollution, a tax on input/output is an ideal instrument for controlling pollution. This volume contains ecotax proposals for coal, automobiles, detergents, paper and pulp, pesticides, fertilisers, lead acid batteries and plastics.

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Governance of Rural Electricity System in India Governance of Rural Electricity System in India
EDITOR: HARIBANDHU PANDA

After six decades of Independence about half of rural households in the country do not have access to electricity and the quality and quantity of electricity provided to rural users are far from expectation. Large technical and commercial loss makes the rural electricity system financially unviable. The overall governance of rural electricity system has polluted the existing socio-political and economic environment to an extent that rational decision making has become far too difficult. The structural reform in electricity sector that started since early nineties has not resulted in improved services to the rural customers in spite of a significant increase in electricity tariff. From the experiences in India and around the world, the book provides directions for rural electricity system development in the country considering the development concerns, regulatory and policy issues, technology options and tariff, and governance mechanism.

The book will be useful for the policymakers, regulators, rural electricity service providers, financial institutions, academicians, students and civil society organisations interested in rural electricity.

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Institutional Alternatives and Governance of Agriculture Institutional Alternatives and Governance of Agriculture
EDITOR: Vishwa Ballabh

The Indian economy clearly seems to have followed a higher growth trajectory with over 9 per cent growth in GDP for the fiscal year 2006-07. Despite some improvements, the performance of agriculture sector, however, continues to be the cause of concern. The dream of inclusive growth cannot be realised without revival of sagging agriculture sector. A number of challenges are being encountered in the sector. Some of these challenges are: (i) increasing number of small and marginal farmers; (ii) increased competition due to globalisation process; (iii) reduced capital formation; (iv) poor infrastructure; and (v) decline of State support to agriculture. Thus, in present context governance and strengthening of institutional mechanisms to revive agriculture growth is of paramount need.

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A Handbook on using Participatory Monitoring and Learning Tools A Handbook on using Participatory Monitoring and Learning Tools

Contributors: G. Jayanthi,
Janet Geddes,
Utpal Moitra and
Ashis Mondal

Participatory Monitoring and Learning (PM&L) is a process of collaborative review and problem solving, through the generation and use of information on a regular basis throughout the project cycle. It is a process that leads to corrective action or improvement within the project, based on the shared decision-making of a number of stakeholders.

Action for Social Advancement (ASA) launched a pilot initiative that experimented with the Participatory Monitoring and Learning (PM&L) approach, within three World Bank assisted rural development projects in Madhya Pradesh, India—the District Poverty Initiative Project (MP-DPIP), Rural Women’s Empowerment Project (Swashakti) and MP Forestry Project.

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Search for New Genes Search for New Genes

Editors: V. L. Chopra, R. P. Sharma,
Dr. S.R. Bhat, and Dr. B.M. Prasanna

Recent progress in molecular biology and biotechnology is impacting the life sciences as well as the lives of people in unprecedented ways. Plant genetic transformation and molecular marker technologies have led to a paradigm shift in plant genetic resource management and crop improvement. Granting patent protection to genes has not only provided incentive for gene discovery and placed monetary value on germplasm resources, but also raised concerns about ownership and access to genetic resources. This book is an outcome of the presentations made during Dr. B.P. Pal Birth Centenary Symposium organized by the National Academy of Agricultural Sciences (NAAS), New Delhi, India, in February 2006. It begins with the commemorative lectures, which trace the evolution of approaches to the search for new genes in the last seven decades, since the seminal article written by Dr. B.P. Pal on the ‘Search for new genes’ in 1936. The book provides a comprehensive update of the modern biotechnological options for biodiversity management, gene prospecting, development of ‘designer crops’ and bioremediation. The power of molecular genetics in dissection of complex biological processes, and the potential utility of the knowledge that links genes to metabolic pathways and phenotypes for plant improvement are highlighted. The book covers strategies for harnessing the community and individual knowledge for genetic resource management and gene discovery, and presents models for benefit sharing and participatory plant breeding. Written by eminent experts in the field, the book shall be of significant interest not only to the academic and research community worldwide, but also to the policy makers and science administrators.

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Economic Studies of Indigenous & Traditional Knowledge Economic Studies of Indigenous & Traditional Knowledge
Editor: Nirmal Sengupta

Till recently the mention of traditional knowledge would only elicit metaphors like the Vedas and Upanishads, Aryabhatta, Panini and Charaka, or the invention of zero. The perspective is changing. This book deals with the traditional and indigenous knowledge of common men and women of India, that of its tribal and Dalit population, fisher folk, craftsmen, artisans and leather workers, their agriculture, housing and irrigation methods, medicinal knowledge, drinking water collection, arts and culture. Different chapters establish that the economic significance of such knowledge in the modern world is continuing, even increasing, and is being utilised in a wide variety of ways. Globally, there is an increased interest in traditional and indigenous knowledge. It is now recognised as an underutilised resource that can help to reduce poverty, and also as a dormant reserve with considerable commercial potential.

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Valuation of Coastland Resources Valuation of Coastland Resources
The Case of Mangroves in Gujarat

Indira Hirway & Subhrangsu Goswami

National income statistics, which form the basis for measuring and monitoring the performance of an economy, do not include environmental resources adequately, with the result that they fail to provide the required inputs for the formulation of sound economic policies, particularly in the context of sustainable development. Coastal resources are important in a country like India, which is surrounded by sea from three sides, and mangroves, the salt tolerant forest ecosystem that is one of the richest ecosystems in the world, provides a wide range of ecological and economic products and services, including carbon sequestration and protection to life and property under severe cyclones and tsunamis. However, mangroves are neglected, as their value is not incorporated in the national income data. The present study, which is a methodological study, compiles economic value of mangroves in India and shows that this rich ecosystem contributes significantly to the economy, and it needs to be strengthened in order to promote sustainable development of coastal regions and to protect coastal population from cyclones and tsunamis.

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Economic and Social Survey of Asia and the Pacific 2007 Economic and Social Survey of Asia and the Pacific 2007
Surging Ahead in Uncertain Times
UNITED NATIONS
Is the Asia-Pacific region becoming the locomotive of the global economy? Is the region becoming more vulnerable to financial crises? What are the major macro-economic policy challenges in 2007? Find the answers to these questions in the Economic and Social Survey of Asia and the Pacific 2007.

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Globalisation in China, India and Russia Globalisation in China, India and Russia
Emergence of National Groups and Global Strategies of Firms

Editors: Jean-François Huchet, Xavier Richet, Joël Ruet

No study of globalisation is possible, nor is it thinkable, without referring to China, India, and Russia, that is to say, without an analysis of their firms and including them in the global network of firms. The three countries under study had socialist economies and are now going through a process of transition towards a market economy with various degrees of success and, more importantly, using different methods as far as the relationship between the State and the firms is concerned. Also, to a large extent, researchers in economics have until now viewed these countries in a somewhat unbalanced manner and they have seldom been the object of a comparative study from the perspective of the globalisation of their firms. The evolution in policy issues has been strongly backed by a similar evolution in economic theory, the effects strongly felt in former socialist countries, namely Russia and China, as well as in countries which had and still have a large 'public sector' like India. Neither the markets nor the States are nowadays seen as perfect, and this book deals at many places much more with their subtle interactions or coordination, than opposition.

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World Economic Situation and Prospects 2007

World Economic Situation and Prospects 2007

UNITED NATIONS

After a solid and broad-based growth for three consecutive years, the world economy is expected to decelerate in 2007, mainly dragged by a slowdown of the United States. Growth in Europe and Japan, meanwhile, will not be sufficient for these economies to act as locomotives of global growth. The outlook remains mostly positive for developing countries, but a degree of moderation is also expected. Sustained high growth in China, India and a few other major emerging economies seems to have engendered synergy among developing countries so that growth in this group is more endogenous. However, a large number of developing countries remain highly vulnerable to the vicissitudes of commodity prices and the volatility of international financial markets. The report highlights the need for greater employment growth, which has not kept pace with output growth. The global economic outlook also encompasses a number of important downside risks: bursts in the housing bubbles in a number of countries, uncertainties in oil prices and mounting global imbalances. The report calls for international macroeconomic policy coordination in order to facilitate an orderly adjustment of global imbalances.

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Maharashtra Development Report Maharashtra Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA.

The Planning Commission has decided to prepare State Development Reports (SDRs) for all States and Union Territories of India. The objective in bringing out these reports is to provide a credible independent quality reference document on the development profile, set out strategies for accelerating the growth rate of States, lessen disparities and reduce poverty. The SDR is meant to discuss the constraints and challenges faced by a State and provide a vision, blueprint or a roadmap for its socioeconomic progress.

Each SDR is being prepared with the assistance of reputed national-level agencies, under the supervision of a Core Committee, headed by a Member of the Planning Commission, and including a senior representative of the State Government. The publication of the Karnataka Development Report follows the recently published SDRs of Maharashtra, Uttar Pradesh, Rajasthan, Tamil Nadu and Himachal Pradesh, while SDRs of many other States and Union Territories of India are under various stages of preparation.

The Maharashtra Development Report reviews the State's development experience and highlights issues critical for its future progress. The report is expected to serve as a useful reference and stimulate informed debate on the policy issues facing the state.

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After Hong Kong After Hong Kong
Some key trade issues for developing countries

Edited by ivan mbirimi

After the Hong Kong meetings in December 2005, what are the key trade and development issues that face developing countries in the closing stages of the Doha Round? Leading economic analysts, including Nobel laureate Joseph Stiglitz, examine the detailed issues that developing country negotiators must understand. As always, the devil lies in the detail, and it is at the detailed level that the costs and benefits of trade agreements will be determined.

Essential reading for policy makers, government officials, scholars and students interested in the making and conduct of international trade negotiations and policy

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Can India Grow without Bharat? Can India Grow without Bharat?

Shankar acharya

Can India grow without Bharat? Can we reap the “demographic dividend” of a young population? How should we revive industrial employment? Is the National Rural Employment Guarantee Act affordable? Why have reforms sputtered despite the “dream team”? How is growth so strong though reforms have stalled? How can populism be restrained? Can 8 % growth be sustained? Should we deploy forex reserves to build infrastructure? What must we do to renew our decaying cities? What is the solution to the coming water crisis? Who are India’s tax reformers? Can bilateral trade agreements substitute for the Doha Round? Should SAARC have a common currency? Is “fiscal responsibility” working? Does monetary policy work? Can we really aspire to China’s economic league---or is it all hype? How good is our foreign policy?

The eminent economist Shankar Acharya provides forthright and provocative answers to these key issues about India’s development.

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Agriculture Cannot Wait Agriculture Cannot Wait
New Horizons in Indian Agriculture

Editor: M. S. Swaminathan

While scientists can develop yield enhancing technologies, these will not make an impact on production and productivity without appropriate support from public policy and investment. National Academy of Agricultural Sciences (NAAS) has from time to time assembled groups of eminent scientists to analyse public policy issues in important areas related to agriculture and prepare papers relevant to policy formulation. The present book includes 39 policy papers issued by the Academy during the last 15 years covering a wide range of issues like: Sustainable Livelihood and Nutrition Security, Water Resources Management, Soil Health Enhancement and Fertiliser Use, Agro-biodiversity and Biosafety, Agricultural Research and Education, and Globalisation and Agri-Exports. Many of the suggestions and recommendations contained in the book present a road map for rescuing the fate of farmers and farming from the present agrarian crisis prevailing in several parts of the country.

This book will be useful for scholars in agricultural universities and research institutions and for policy and investment decisions in the field of agriculture.

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West Asia in Turmoil West Asia in Turmoil
Implications for Global Security

Editors: N. S. Sisodia & Ashok K. Behuria

West Asia is in the throes of acute political turbulence today. Given West Asia’s energy resources, developments in the region have profound implications for the wider world. The international community has been deeply concerned with the fragile conditions of the region in recent years. This book tries to analyse the evolving security environment in West Asia and its implication for global security. This edited volume discusses critical issues of our times: religious extremism, democratization, WMD proliferation, international terrorism, external intervention in the region, and energy security. The articles in the book analyse these issues critically and suggest possible alternatives for securing peace and prosperity in West Asia.

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The World Economy

The World Economy

Volume 1: A Millennial Perspective
Volume 2: Historical Statistics

Angus Maddison

The World Economy brings together two major reference works by Angus Maddison:

The World Economy: A Millenial Perspective, first published in 2001 and

The World Economy: Historical Statistics, published in 2003.

This new edition contains Statlinks, a service providing access to the underlying data in Excel® format. The World Economy is a “must” for scholars and students of economics and economic history as well as for statisticians, while the casual reader will find much of fascinating interest.

Written by the distinguished economic historian, Angus Maddison, together, the two volumes (bound-in-one) comprising The World Economy, hold authoritative analysis along with extensive supporting data on a global level for the growth and performance of various economies across the world, over a very large span of time. They undoubtedly provide answers to many a big question and promise to offer clues to still unanswered paradoxes. This ‘only one of its kind’ publication is made more attractive in the present format (‘two-in-one edition’, hard cover) that is sure to be a valuable addition to any library, personal or otherwise.

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Monitoring for Outcomes and Impacts in CDD Projects

Monitoring for Outcomes and Impacts in CDD Projects

Using a Learning Based Approach to M&E

ashis mondal and soma dutta

Community-Driven Development (CDD), in the World Bank parlance, refers to an approach where communities have direct control over key project decisions as well as management of investment funds. The CDD approach treats poor people as assets and partners in the development process, building on their institutions and resources. Monitoring and evaluation (M&E) in the CDD context can potentially be much more than an input-output-outcome monitoring and a reporting mechanism. This guidebook (a World Bank co-publication) is all about improving the implementation of CDD projects using M&E as a management tool. It is built on the contention that a ‘learning-based’ M&E system, which involves different project management levels and other stakeholders in a continuous process of ‘learning’, can help the project management make course corrections, guiding project strategy on an ongoing basis, ultimately leading to better project outcomes.

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Karnataka Development Report Karnataka Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA.

The Planning Commission has decided to prepare State Development Reports (SDRs) for all States and Union Territories of India. The objective in bringing out these reports is to provide a credible independent quality reference document on the development profile, set out strategies for accelerating the growth rate of States, lessen disparities and reduce poverty. The SDR is meant to discuss the constraints and challenges faced by a State and provide a vision, blueprint or a roadmap for its socioeconomic progress.

Each SDR is being prepared with the assistance of reputed national-level agencies, under the supervision of a Core Committee, headed by a Member of the Planning Commission, and including a senior representative of the State Government. The publication of the Karnataka Development Report follows the recently published SDRs of Maharashtra, Uttar Pradesh, Rajasthan, Tamil Nadu and Himachal Pradesh, while SDRs of many other States and Union Territories of India are under various stages of preparation.

The Karnataka Development Report dwells upon the entire gamut of the State, across sections ranging from real and financial sector, regional disparities, human and social development, environmental sustainability, governance and service delivery. Karnataka's strength lies in four major areas viz., good governance (transparency and accountability), solid resources (i.e. a good accumulation of human capital), near absence of communal conflicts and a good track record of management. The State however needs to address the stagnancy in agriculture, persisting regional disparity in respect of industrial development, income inequality, and levels of living related issues and social security. The report brings together exclusive chapters dedicated to the statement of a vision for future development in all these while also prescribing policy directions and ‘drivers'.

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Food Sovereignty and Uncultivated Biodiversity in South Asia

Food Sovereignty and Uncultivated Biodiversity in South Asia

Essays on the Poverty of Food Policy and the Wealth of the Social Landscape

Farhad Mazhar, Daniel Buckles, P.V. Satheesh, and Farida Akhter

This publication explores the meaning of agriculture and guides the reader into new territory, where food, ecology, and culture converge. In the food systems of South Asia, the margin between cultivated and uncultivated biodiversity dissolves through women’s day-to-day practice of collecting and cooking food, constituting a feminine landscape. The authors bring this practice to light, and demonstrate the value of food production and consumption systems that are localized rather than globalized. Based on extensive field research in India and Bangladesh, with and by farming communities, the book offers both people-based and evidence-based perspectives on the value of ecological farming, the survival strategies of the very poor, and the ongoing contribution of biodiversity to livelihoods. It also introduces new concepts such as “the social landscape” and “the ethical relations underlying production systems” relevant to key debates concerning the cultural politics of food sovereignty, land tenure, and the economics of food systems. The authors are leading activists and accomplished researchers with a long history of engagement with farming communities and the peasant world in South Asia and elsewhere.

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India The Next Decade

India The Next Decade

EDITOR: MANMOHAN MALHOUTRA

 

The story of a rising India has surprised the world but also captured its imagination. It is said that no other democracy has ever achieved levels of sustained economic growth comparable to India's over the last two decades. Exploring India's growing global importance and its domestic and external challenges, this unique volume examines the complexities of India's political, economic, and social evolution in the coming decade.

Combining lively discussions with back-ground essays contributed by a galaxy of prominent individuals from different spheres of life—distinguished scholars, policymakers, economists, corporate leaders, journalists, educationists and film-makers—the book offers compelling insights into the democracy, economy, and society of an emerging power.

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Judicial Reforms in India

Judicial Reforms in India

ISSUES AND ASPECTS

EDITORs: ARNAB KUMAR HAZRA AND Bibek debroy

Vulnerability to poverty is clearly linked to the Poor’s access to primary entitlements, which in turn depends on a functioning ‘public realm’. Justice and judicial reforms are central to this. Policy-making for an efficient and citizen-oriented judiciary in India has always lacked a comprehensive approach. The ‘piece meal’ initiatives hitherto initiated never became imbedded. The essays in the book articulates for the very first time for India, a wide-ranging judicial reform agenda that includes improvements in judicial governance, its linkages to economic growth, alternate dispute resolution, human resource development in the judicial branches, the use of IT, legal education, judicial and non-judicial training, and funding civil society initiatives for legal empowerment. Every essay forms a vital arm in the area of Judicial Reforms. However, the trajectory of suggested judicial reforms echoes the classic law and development movement bypassing the legal profession, which is less by design and more by default.

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Anti-Dumping

Anti-Dumping: Global Abuse of a Trade Policy Instrument

EDITORs: Bibek debroy and debashis chakraborty

The increasing use of anti-dumping measures covering a wide range of sectors, both by developed and developing countries in recent years, indicates a policy substitution to protect domestic industries in the face of tariff reforms. While the developing countries are demanding special and different treatment to protect their interest against a possible misuse of this provision by their developed counterparts, many of them also rank among the major violators. In this scenario, a systemic review and subsequent modification/ scrapping of the anti-dumping agreement is the need of the hour. Responding to this need the Hong Kong Ministerial declaration (December 2005) has noted that negotiations on anti-dumping should, as appropriate, "clarify and improve the rules" in three major concern areas (determination of dumping, procedures and the level, scope and duration of adopted measures). The eight chapters in the current volume focus on the current scenario in select developed and developing countries, use of this provision in intra-developing country trade and analysis of anti-dumping cases lodged at the WTO dispute settlement body. The discussions in the volume significantly contribute in the ongoing debate and serve as an important input for current negotiations.

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Agricultural Diversification and Small Holders in South Asia

Agricultural Diversification and Small Holders in South Asia

EDITORs: P.K. Joshi, Ashok Gulati, Ralph Cummings Jr.

Pro-poor opportunities are rapidly unfolding in South Asia, spurred by new lifestyles and tastes, stimulated by increasing incomes, spreading urbanisation, and expanding globalisation. Dietary patterns are changing of both the poor and the rich, as well as rural and urban consumers, from staple foodgrains to high-value-commodities such as fruits, vegetables, milk, meat, eggs, and fish. The real challenge is how to grab these opportunities to alleviate poverty and improve quality of life, particularly for smallholders. This book, Comprising contributions by experts from various countries, the book provides a range of information, analysis, and the beginnings of pathways to accelerate agricultural diversification and facilitate inclusiveness of small holders through correcting incentives, evolving institutions, and developing infrastructure.

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Uttar Pradesh Development Report Uttar Pradesh Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA.

The Planning Commission has decided to prepare State Development Reports (SDRs) for all States and Union Territories of India. The objective in bringing out these reports is to provide a credible independent quality reference document on the development profile, set out strategies for accelerating the growth rate of States, lessen disparities and reduce poverty. The SDR is meant to discuss the constraints and challenges faced by a State and provide a vision, blueprint or a roadmap for its socio-economic progress

Each SDR is being prepared with the assistance of reputed expert national-level agencies, under the supervision of a Core Committee, headed by a Member of the Planning Commission, and including a senior representative of the State Government. The publication of the Uttar Pradesh Development Report follows the recently published SDRs of Rajasthan, Tamil Nadu and Himachal Pradesh, while SDRs of many other States and Union Territories of India are under various stages of preparation.

The Uttar Pradesh Development Report reviews the State's development experience and highlights issues critical for its future progress. Uttar Pradesh's latent potential in irrigation, power, transport, agriculture, and tourism is well documented in the report. The report is expected to serve as a useful reference and stimulate informed debate on the policy issues facing the most populous state of the country.

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United Nations Development Aid

United Nations Development Aid

A Study in History and Politics

digambar bhouraskar

For more than five decades, United Nations has been giving development aid to developing countries for their economic and social development. At its birth, this was hailed as one of the greatest achievements of the UN and for humanity. The UN operated three aid programmes from its founding in 1945 until the creation of UNDP in 1996. But despite the scale and scope of these programmes, they did not attract much serious attention from scholars and institutions interested in multilateral aid.

This book presents for the first time a comprehensive survey and critical analysis of these programmes. The author explains in detail the political struggles and considerations underlying the birth of each of these programmes and some inherent flaws in their conceptualisation. In analysing their growth and changes in structures, the author discusses the modalities and chronic problems encountered in implementation, in coordination at all levels and in the evaluation of their impact on economic development in the recipient countries.

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World Investment Report 2006

World Investment Report 2006
FDI from Developing and Transition Economies: Implications for Development

UNITED NATIONS

World Investment Report 2006 focuses on the rise of foreign direct investment (FDI) by transnational corporations (TNCs) from developing and transition economies.

New sources of FDI are emerging among developing and transition economies. This phenomenon has been particularly marked in the past ten years, and a growing number of TNCs from these economies are emerging as major regional - or sometimes even global - players. The new links these TNCs are forging with the rest of the world will have far-reaching repercussions in shaping the global economic landscape of the coming decades.

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Trade and Development Report 2006

Trade and Development Report 2006

Global Partnership and National Policies for Development

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT

The Trade and Development Report 2006 offers relevant ideas and general principles for designing macroeconomic, sectoral and trade policies that can help developing countries to succeed in today's global economic environment. Particular attention is given to policies that support the creative forces of markets and the entrepreneurial dimension of investment.

The Report also argues that a global partnership for development will be incomplete without an effective system of global economic governance. Such a system should take into account the specific needs of developing countries. At the same time it should ensure the right balance between sovereignty in national economic policy-making on the one hand, and multilateral disciplines and collective governance on the other.

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Economic Freedom of the World 2006

Economic Freedom of the World 2006

JAMES GWARTNEY & ROBERT LAWSON with WILLIAM EASTERLY
With an Introduction by PARTH J SHAH

The key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete, and protection of the person and property. Economic freedom liberates individuals and families from government dependence and gives them control of their own future. Empirical research shows this spurs economic growth by unleashing individual dynamism. It also leads to democracy and other freedoms as people are unfettered from government dependence.

The annual Economic Freedom of the World Report ranks countries on their level of economic freedom. This comprehensive index, constructed under the leadership of The Fraser Institute and Nobel Laureate Milton Friedman, is the most objective and accurate measure of economic freedom published to date by any organization and the only one that uses reproducible measures appropriate for peer-reviewed research.

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India's Economy: A Journey in Time and Space

India’s Economy : A Journey in Time and Space

EDI - Hundredth Volume
Editors : RAJ KAPILA & UMA KAPILA

This volume includes contributions by some of the most distinguished economists/experts and provides rare insights into India's development journey through time and space—the successes and failures, and the new challenges emerging from integration with the world economy. Opportunities offered by the forces of globalisation offer India immense scope to improve the quality of life of its people provided appropriate policies are put in place.

India's Economy: A Journey in Time and Space, is the hundredth volume of Economic Developments in India. This is a selection of 20 articles from over 500 published in Economic Developments in India since its inception in 1998 upto December 2005. This volume, in three sections, covers the most vital issues relating to the journey: (i) Growth, Poverty and Reforms (ii) Globalisation and (iii) Sectoral Developments: Agriculture, Industry, Financial and External Sectors. The general message which emerges is that India's future problems are no doubt large but manageable. In this context, the book examines the challenges ahead, outlines policies, and identifies lacunae in their implementation, which lie at the root of most of the difficulties facing the nation today. Covering a broad range of critical issues, the book will be of interest to policy-makers, researchers, students of Indian economy and India-watchers.

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Environmental Requirements and Market Access

Environmental Requirements and Market Access

Reflections from South Asia

EDITORs: nagesh kumar & sachin chaturvedi

With progressive liberalisation of quantitative restrictions and tariff barriers following multilateral trade negotiations in WTO, environmental standards have emerged as significant trade barriers for developing countries’ exports. In this volume, leading experts examine the incidence of environmental requirements in the North and their impact on market access for Southern products especially those from South Asia. The book deals with various dimensions of such environmental and health related standards and their impact on South Asian trade in terms of their prohibitive effect, discriminatory impact and high compliance costs. The volume concludes with an agenda of action points for governments, business houses and international agencies to address the challenge.

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World Economic and Social Survey 2006

World Economic and Social Survey 2006
Diverging Growth and Development

UNITED NATIONS

According to the 2006 World Economic and Social Survey, world inequality is high and rising. The main reason is that in the industrialized world the income level over the last five decades has grown steadily, while it has failed to do so in many developing countries. Not more than a few developing countries have been growing at sustained rates in recent decades, but these include, most notably, the world’s two most populous countries, China and India. Considering that these two countries alone account for more than one third of world population, inequality across the globe is beginning to decline. When these countries are left out, however, international income inequality is seen as having continued to rise strongly from already high levels. Because more than 70 per cent of global inequality is explained by the income divergence between countries, its causes and implications are the focus of the 2006 Survey.

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Strategic Consequences of India’s Economic Performance

Strategic Consequences of India’s Economic Performance

Sanjay Baru

The new turn in India's economic policies and performance in the last decade of the 20th Century; the success of Indian enterprise in the post-WTO world; the emergence of a confident professional middle-class; a demonstrated nuclear capability; and, the resilience of an open society and an open economy, in the face of multiple and complex challenges—these have all shaped India's response to the tectonic shifts in the global balance of power in the post-Cold War era. No economist has paid a closer attention to the strategic consequences of India's increasingly impressive economic performance than Sanjaya Baru.

In this collection of academic essays and newspaper columns, that experts and lay readers would find equally stimulating, Baru explores the business of diplomacy and the diplomacy of business in a rising India. The role of India's cultural and intellectual ‘soft power’ in shaping global perceptions of India are examined. The book offers a panoramic view of the geopolitics and the geoeconomics of India's recent rise as a free market democracy.

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Labour Market Regulation and Deregulation in Asia

Labour Market Regulation and Deregulation in Asia

eXPERIENCES IN rECENT dECADES

EDITORS: Caroline Brassard & Sarthi Acharya

This edited volume successfully highlights the nature of labour market regulation and deregulation process that some Asian countries have experienced in recent decades. The understanding that emerges would help develop an interface of growth/development and its sustainability with welfare-distribution of gains. Based on individual country experiences, the book suggests ways to put in place, labour market regulations to foster fairer labour practices in certain countries in Asia.

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The History of Development

The History of Development

from Western Origins to Global Faith

GILBERT RIST

For years we have believed in development. Indeed, with all its hopes of a more just and materially prosperous world, development has fascinated societies in both North and South. Looking at this collective fancy in retrospect, Gilbert Rist shows the underlying similarities of its various theories and strategies, and their shared inability to transform the world. He argues persuasively that development has always been a kind of collective delusion which in reality has simply promoted a widening of market relations despite the good intentions of its advocates.

Now this era is over. Globalization has taken over. Former development promises have been shelved and replaced by a new but narrower slogan, 'the struggle against poverty'. Yet in spite of the failures of development, aggravated now by globalization, we are told that growth - which nobody would risk abandoning - is still the only means of salvation. It is clear that the need for belief is stronger than any doubts about its actual wisdom.

What, then, are the origins of this naive faith? Why have people put so much energy into proclaiming it and seeking to make it a reality? Why has it proved an illusion, and what future does it now have? These are some of the questions which this thoughtful and penetrating history of the concept of development explores.

This book is an invitation to rethink contemporary problems and to prepare ourselves for what might be called the post-development era.

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Encyclopedia of the Global Economy

Encyclopedia of the Global Economy (Set of Two Volumes)

A Guide for Students and Researchers

David E. O’Connor

There is no doubt that we live in a truly global economy—Japanese automobiles are manufactured in American plants and exported to Europe; McDonald’s Golden Arches beckon to customers in over 100 countries; skyrocketing oil prices have a ripple effect on the cost of thousands of goods worldwide. Encyclopedia of the Global Economy illuminates these issues and many more, covering a wide spectrum of concepts, people, and organizations related to economic globalization from its origins in the quest for exotic spices in the 16th century to the debates and controversies that reflect it today.

Volume 1 features over 150 entries, organized alphabetically, with definitions and descriptions, examples, photographic illustrations, references, and exhibits featuring the most current data. Topics include:

• international trade • corporate social responsibility • foreign investment
• child labor • transnational corporations • sustainable consumption
• economic and human development and the digital divide
• offshore outsourcing

This volume also includes profiles of prominent economists, business leaders, and policymakers as well as a timeline of major events and a glossary of key concepts and institutions.

Volume 2 includes a wide array of primary documents, a "data bank" of world statistics on demographic and economic trends, and print and Internet resources for further research. Each document is introduced with an explanation of its context and linked to related articles in Volume 1. Examples include the text of the North American Free Trade Agreement (NAFTA), reports on environmental degradation and poverty reduction from the United Nations, and dozens of tables and graphs reflecting international investment, business activity, productivity, labor, and socioeconomic conditions around the world.

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Reviving the Invisible Hand

Reviving the Invisible Hand

THE CASE FOR CLASSICAL LIBERALISM IN THE TWENTY-FIRST CENTURY

DEEPAK LAL

Reviving the Invisible Hand is an uncompromising call for a global return to a classical liberal economic order, free of interference from governments and international organizations. Arguing for a revival of the invisible hand of free international trade and global capital, eminent economist Deepak Lal vigorously defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. And in an unusual move, he not only defends globalization economically, but also answers the cultural and moral objections of antiglobalizers.

Taking a broad cross-cultural and interdisciplinary approach, Lal argues that there are two groups opposed to globalization: cultural nationalists who oppose not capitalism but Westernization, and “new dirigistes” who oppose not Westernization but capitalism. In response, Lal contends that capitalism doesn’t have to lead to Westernization, as the examples of Japan, China, and India show, and that “new dirigiste” complaints have more to do with the demoralization of their societies than with the capitalist instruments of prosperity.


“Deepak Lal’s Reviving the Invisible Hand is a brilliant account of modern economic theory and policy written from a rigorous classical liberal perspective. Lal shows a thorough knowledge of classical liberal theory and an enviable ability to apply it to any economy. Furthermore, he demonstrates that the greatest threat to world economic progress and stability comes not from old-fashioned socialism, but from the recent, fashionable modifications of the classical liberal model. It is remarkable that a technical economist should display such competence and originality in areas seemingly far removed from the diagrams and equations of orthodoxy. And his style is rigorous, well-paced, and just a little cheeky.”

— NORMAN BARRY, University of Buckingham, England,
author of Classical Liberalism in the Age of Post-Communism

 

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World Population Policies 2005

World Population Policies 2005

united nations

 

The publication provides a summary overview of population policies and dynamics for each of the United Nations Member and non-member States for which data are available at mid-decade for the 1970s, 1980s, 1990s and for 2005.

This publication shows, on a country-by-country basis, the evolution of Government views and policies from 1976 to 2005 with respect to population size and growth, population age structure, fertility and family planning, health and mortality, spatial distribution and international migration. Within the context of demographic, social and economic change. The material is presented in the form of two-page data sheets: the first page contains population policy data for each country for 1976, 1986, 1996 and 2005, and the second page provides population indicators for the corresponding years.

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Economic and Social Survey of Asia and the Pacific

Economic and Social Survey of Asia and the Pacific 2006

energizing the global economy

united nations

The growth rate of the global economy slowed to 3.2 per cent in 2005 down from the 4.0 growth rate in 2004; the growth rate of ESCAP developing countries also decelerated moderately in 2005, primarily as a result of high oil prices and a softening of growth in global trade.

Prospects for 2006 are for growth in the region to maintain its current momentum and for price pressures to abate slightly, provided oil prices do not increase significantly and global external imbalances do not unwind suddenly. Prospects for the ESCAP region also would be affected if avian influenza develops into a human pandemic.

Efforts are needed both at the regional and national levels to ensure that the benefits of high growth in the region are passed on to the poor by creating opportunities for decent employment for all. It is only then that the problems of the working poor, jobless growth and youth unemployment, which are haunting the region, will be addressed properly.

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Propelling India from Socialist Stagnation to Global Power

Propelling India from Socialist Stagnation to Global Power

Propelling India from Socialist Stagnation to Global Power (Set of Two Vols.)

Volume 1: Growth Process
volume 2: Policy Reforms
Arvind Virmani

Together, the two volumes review the economic history of India from Independence to the current period and then go on to make forecasts about the future of the Indian economy and its role in the World. The objective is not criticism for the sake of it. Throughout the focus is on policy and institutional reforms to solve identified policy mistakes and problems.

Volume I shows that there have been two phases in India's economic history. The period of socialist stagnation, till the end of the seventies, in which India's growth rate was among the lowest in the World and poverty increased despite professions of socialism. The second period of market reform starting in 1980s walted us to the top of the growth sweepstakes and led a sharp and continuing decline in poverty. The book shows how India is poised to become a global power in the next 15 to 20 years, and why India is likely to become, over the next 30 years, the third pole in the emerging tripolar world of the 21st century.

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Propelling India from Socialist Stagnation to Global Power

The Global Evolution of Industrial Relations

Events, Ideas and the IIRA

Bruce E. Kaufman

Essential reading for all those concerned with the history and practice of industrial relations, this landmark volume chronicles the evolution of the field to date. It focuses on the largely untold story of how the globalization of industrial relations took hold, and explores in depth the pivotal events, ideas and people behind it.

KEY FEATURES:

  • Provides the only comprehensive, up-to-date account of the evolution of the industrial relations field

  • Outlines the four pillars that led to the internationalization of industrial relations after World War II

  • Includes substantive background on the roots of industrial relations in the Anglo-Saxon countries, including the role of the IIRA

  • Traces the development of modern industrial relations in continental Europe, Japan, Republic of Korea, India, Africa and Latin America

  • Discusses the future prospects for the field of industrial relations

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Propelling India from Socialist Stagnation to Global Power

The Trade Game

Negotiation trends at WTO and concerns of developing countries
Editors: bibek debroy and debashis chakraborty

Notwithstanding the WTO objective, even eleven years after the inception of the multilateral body, the trade barriers, both in developed and developing countries are quite significant and unilateral liberalisation is not easily forthcoming. Although this lack of market access hurt the developing countries much more severely than their developed counterparts, the former group never systematically bargained at the negotiating table with the latter before the Doha Ministerial (2001). Looking at the negotiating strategies of India and several other WTO members over the years, the nine papers in this volume explore the current negotiating scenario and the concerns for India and other developing countries.

While some papers attempt to chalk out the future of global free trade and the determinants of protectionism of major players, the other ones look into the future of India's sectoral negotiating strategy. The introduction notes that judging by the experience of Cancun (2003) and the recent Hong Kong Ministerial (2005), developing countries are fast emerging as quick learners of the rules of the game, but need to sharpen those skills further : “It is quite prudent to understand that hidden from public glare, both the battle and the war will now continue in Geneva, which is less of a free trade bastion than Hong Kong. It is by now a time-honoured fact that the intensity of liberalisation undertaken at home makes handling the WTO-induced reforms easier, and the priorities for Indian policy makers are therefore, obvious.”

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World Migration 2005

World Migration 2005

Costs and Benefits of International Migration
IOM International Organization for Migration 

There is no country in the world that is not touched by migration. By early 2005, the number of migrants worldwide is expected to have reached between 185 and 192 million, half of them women. More people are moving temporarily, or circulating between countries, working and living between different cultures, and following opportunities for work and life enhancement offered by today’s globalized economies.

World Migration 2005, the third in this series, offers a geographic, thematic and statistical update of global migration today. While comprehensive, it is not exhaustive, reflecting the volatile nature of migration. The central theme of “costs and benefits of international migration” responds to the need of policymakers of better evaluate the cause and impacts of migration, in social, economic and political terms, and make rational, well-informed policy choices capable of maximizing the benefits and minimizing the costs of migration for migrants, society and governments.

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The Inequality Predicament

The Inequality Predicament

Report on the World Social Situation 2005

UNITED NATIONS 

Since the series was launched in 1952, the Report on the World Social Situation has served as a foundation for discussions and policy analysis of socio-economic issues at the intergovernmental level. It has served to identify emerging social trends of international concern and analyze relationships among major development issues with national, regional and international dimensions.

The 2005 Report continues that tradition by addressing the subject of inequality. In particular, it focuses on some of the growing inequalities that make it challenging, but all the more imperative, to reach the Millennium Development Goals. It shows us that we cannot advance the development agenda without addressing the challenges of inequality within and between countries—the widening gap between skilled and unskilled workers, the chasm between the formal and informal economies, the growing disparities in health, education and opportunities for social and political participation.

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Who Benefits from India's Public Services?

Who Benefits from India’s Public Services?

A People's Audit of Five Basic Services

samuel paul, suresh balakrishnan, gopakumar k. thampi, sita sekhar, m. vivekananda

This book is an independent and pioneering effort to assess the state of India’s public services from a user’s perspective. Most people in India depend on the “state” for many essential services. Yet, the state’s monitoring of service delivery seldom goes beyond tracking public expenditure and physical outputs. Citizens who are the ultimate beneficiaries of these services are never asked for their feedback on the services despite the fact that they possess valuable information on the delivery, quality and responsiveness of services. The authors have admirably filled this gap and provided unique benchmarks with respect to five basic services that matter to most people, viz., drinking water, primary health care, primary education, public distribution of food and public transport across the major states of India. Based on user feedback from 37,000 households drawn from both rural and urban areas, the study derives important conclusions on the access, use, reliability and satisfaction with respect to these services. A key finding is that governments have done more for extending access to services, but much less for their effectiveness and reliability. Equally important are also the findings on how disadvantaged households and less developed regions have fared with respect to these services.

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Ageing in India

Ageing in India

Socio-Economic and Health Dimenensions

moneer alam

While this study essentially draws upon Indian conditions and data for analysing ageing and a few of its more critical dimensions involving socio-economic, health and public policy aspects, it may well be argued that each of these dimensions remains equally, if not more, important for many of the developing countries with transitioning demography (declining fertility and life prolongation) and liberalising economy (growing privatisation and pro-market reforms) rendering several non-market institutions void. From a thorough empirical review of the Indian situation using both the primary and secondary data sources, it has been observed that a bulk of the aged may not be able to withstand the unfolding economic realities either in India or elsewhere: they are socially at a loss because of their poor past, economically weak because of serious poverty issues, physically frail and suffer from functional dependence. They are also losing because of erosion in traditional familial values. Further, the non-elderly adults are yet to realise the need for planned ageing. The study tries to build the argument that many of these issues have not been fully understood while framing public responses to ageing. The upcoming concepts underlying 'elderly involvements in development' or 'healthy and active ageing' may not therefore hold true for many. The worst affected are the elderly women.

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World Economic Situation and Prospects 2006

World Economic Situation and Prospects 2006

UNITED NATIONS

This work is published for and on behalf of the United Nations.

The world economy is expected to continue to grow at a rate of 3 per cent during 2006. The United States economy remains the main engine of global economic growth, but the growth of China, India and a few other large developing economies is becoming increasingly important. On average, developing economies are expected to expand at a rate of 5.6 per cent and the economies in transition at 5.9 per cent, despite the fact that these economies may face larger challenges during 2006.

Driven by higher oil prices, inflation rates have edged up worldwide. Core inflation rates, which exclude the prices of energy and food, have been more stable, indicating that the pass-through of higher oil prices to overall inflation is limited.

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To the Nation For the Nation

To the Nation For the Nation

Selections from Selected Speeches of Dr. Manmohan Singh 

EDitor: Raj kapila

All prime ministers deliver speeches. What makes Dr. Manmohan Singh's speeches exquisite is that they bear the imprint of true statesmanship, vast knowledge and above all the rare patriotic fervour of a visionary leader.

This book offers a glimpse.

These 'selections' begin with : "There comes an occasion, though rarely, in the life of a nation, when it can be said that the time has come to make history. We are today at the threshold of such an era... Our political system and leadership must show sagacity, wisdom and foresight so that we are able to make the best of this moment and make India a truly great nation, an India where there are no barriers between the government and the people."

Such are the exhortations that really goad you, on and on...

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Lives of the Laureates

Lives of the Laureates

EIGHTEEN NOBEL ECONOMISTS

EDITORS : WILLIAM BREIT AND BARRY T. HIRSCH

Lives of the Laureates offers readers an informal history of modern economic thought as told through autobiographical essays by eighteen winners of the Nobel Prize in Economics. The essays not only provide unique insights into major economic ideas of our time but also shed light on the processes of intellectual discovery and creativity. This fourth edition adds five new Nobel laureates to its list of contributors: Gary S. Becker, recipient in 1992; John C. Harsanyi, co-recipient in 1994; Robert E. Lucas, Jr., recipient in 1995; Myron S. Scholes, co-recipient in 1997; and James J. Heckman, co-recipient in 2000. This edition also includes a new afterword by the editors, "Lessons from the Laureates."

Lives of the Laureates collects revised presentations from a continuing lecture series at Trinity University in San Antonio, for which Nobelists from American universities are invited to give an account of "My Evolution as an Economist." Some common motivating themes emerge: the importance of real world events and a desire for relevance as seen in James Tobin's decision to enter economics in order to understand the ruin caused by the Great Depression and in Gary Becker's recourse to economics to help him understand inequality, race, and class; the influence of great teachers several cite the charismatic Milton Friedman; the right conditions for creativity and intellectual discovery as found at the University of Chicago starting in the late 1940s and the Rand Corporation in the 1950s; and the role of chance in their careers the "lucky accidents" that set them on one path rather than another. Together, these individual accounts give what the editors call a "comprehensive picture of the diverseness, richness, and profundity that is the hallmark of contemporary economic thought in America."

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Understanding the Process of Economic Change

Understanding the Process of Economic Change

DOUGLASS C NORTH 

In this landmark work, a Nobel-prize-winning economist develops a new way of understanding the process by which economies change, Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories.

North argues that economic change depends largely on “adaptive efficiency,” a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted—and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances.

Understanding the process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.

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State of the Indian Farmer - CD Edition

State of the Indian Farmer CD-ROM Edition

A MILLENNIUM STUDY

department of agriculture and cooperation
Ministry of agriculture
Government of india

STATE OF THE INDIAN FARMER: A MILLENNIUM STUDY is the first of its kind — comprehensive and synchronised attempt to document the past, the present and the future of India's agricultural sector. It involves rich inputs from numerous top scholars and specialists to cover almost all important aspects concerning this 'key' sector of India's economy. 

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Indian Economy Documents Compendium 2006

Indian Economy Documents

Compendium 2006

Indian Economy Documents Compendium 2006 comprises a hard-bound printed volume (a Resourcebook) accompanied by a CD-ROM. While the Resourcebook is essentially a detailed listing of the contents of the CD-ROM, the latter comprises a large collection of documents (majority of them in full-text) pertaining to various aspects of India's economy, covering the period 2003, 2004 and a significant part of 2005. The 436 important documents contained therein, are painstakingly gathered from a whole range of authentic/ originating sources such as various Ministries and Departments of Government of India and so on.

Indian Economy Documents Compendium 2006 (the present product) is a powerful upgrade to its predecessor Indian Economy Yearbook 2003 (232 documents on CD-ROM) which in turn, was an upgrade to the parent product : Indian Economy Documents Library (IEDL) that brought at one place over 250 major documents on India's economy covering the period 1991-2001, an economically historic decade from India's perspective.

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The World's Women 2005

The World's Women 2005

Progress in Statistics

UNITED NATIONS

This work is published for and on behalf of the United Nations.

Ten years after the adoption of the Beijing Declaration and Platform for Action, the lack of reliable national statistics on gender issues persists in many parts of the world. In recent years, efforts to monitor the Millennium Development Goals further revealed the inadequacy of those statistics that were available. That is why The World’s Women 2005 focuses on the state and progress of statistics. Based on what countries report to the international statistical system, it analyzes their capacity to produce statistics on gender issues, and highlights progress made in reporting those statistics over the past three decades.

The analysis shows that despite some improvements over the years, much more needs to be done to develop adequate statistics that address gender concerns. This report is intended as a guide to help Governments and other stakeholders strengthen statistical systems, mainstream gender statistics, and further develop concepts and methods for collecting statistics on gender concerns. I urge Governments, non-governmental organizations, researchers, academics and activists around the world to make full use of this valuable tool.

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Globalisation, Economic Reforms and Employment Strategy in India

Globalisation, Economic Reforms and Employment Strategy in India

s p gupta

Here's one of the latest books on employment strategy written by a leading authority on the subject. In the words of the author who was the chairman of the special group that prepared the much discussed report on 'targeting 10 million employment opportunities per year', prepared by the Planning Commission, Govt. of India (May 2002) "this book attempts to monitor the implementation of this report's employment approach in the field and accordingly assess the effectiveness of this recommended approach and its limitations." Incidentally, readers can find the Executive Summary of the report appended in the book.

The author notes "since the release of the 2002 report, there have been vast and rapid changes in the world scenario and, as a result, changes in the socio-economic fabric of India. It is increasingly realised that in isolation, in this growing and integrated world, it would not be possible to formulate or develop any effective employment strategy. Indeed, all these new scenarios demand radical changes in the mindsets of policymakers and other development agents and accordingly the priorities and sequencing of India's employment policies....

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India in a Globalising World

India in a Globalising World

Some Aspects of Macroeconomy, Agriculture and Poverty

EDITORS : R. Radhakrishna, S.K. Rao, S. Mahendra Dev, K. Subbarao

Prof. C.H. Hanumantha Rao is one of India's most distinguished economists. He has contributed immensely to both research and policy making in India. As a token of gratitude, some academicians and policy makers decided to pay a tribute on his 75th birth anniversary by bringing out a volume containing research papers relating to few important themes on India in the context of globalising world. All the contributors to this volume have made important contributions in their respective fields. The themes included in this volume are presented in four sections.

The volume begins with Macro Issues in Development covering issues such as changing role of Reserve Bank of India, fiscal federalism, performance of firms, macro modeling, and governance. The next two themes are Issues in Agricultural Development and Equity and Emerging Institutions in Agricultural Development. These sections cover important issues relating to agriculture ranging from WTO and trade to small farmer development. It is known that Prof. Rao has extensively worked on agriculture and rural development in India. The last section is Poverty and Environment. The papers included in this section cover issues on poverty reduction, sustainable development and employment, and climate change.

At this stage of India's development, analysis of above issues is important for framing better policies to achieve growth and equity in India. Surely, the essays included in this volume would be quite useful for researchers, policymakers and students.

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Aspects of India's Economic Growth and Reforms

Aspects of India's Economic Growth and Reforms

r nagAraj

R Nagaraj, a development economist well-known for his research and analytical writings on industrial development, economic growth and reforms in India, has compiled the present volume, offering readers some of his important writings on the subject. Studies included in this volume, carried out over a decade, represent an effort to grapple with a few contemporary issues of economic growth, industrial change and policy initiatives in India. These studies are motivated by the desire to carefully examine some of the widely held propositions on the aggregate and sectoral economic performance, premises of a few reform measures and the outcome of some aspects of the economic reforms initiated in the 1990s.

A crisp Introduction by the author provides a brief background to these studies, situates them in the relevant literature and indicates how they contributed to the ongoing discourse on economic analysis and policy. The two abiding concerns in these studies are (i) to examine the quality of statistics employed as they could have a bearing on research findings and their interpretation, and (ii) to provide analyses of a relatively long period to eschew hasty inferences from limited observations.

Aspects of India’s Economic Growth and Reforms promises to be a valuable reference for all concerned—students, economists and policymakers alike.

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Unlocking the Human Potential for Public Sector Performance

Unlocking the Human Potential for Public Sector Performance

World Public Sector Report 2005

UNITED NATIONS 

The conditions of globalization, including economic integration, fiscal discipline, introduction of information communications technologies and democratic governance, have increasingly forced states to redefine their role in public management and to reform the public administration system. However, there is growing realization amongst decision makers that policy and institutional reform per se will not be sufficient to revitalize the public sector. Major strengthening of the knowledge, skills, values, attitudes and leadership abilities of human capital is also needed to transform the public sector, particularly in developing countries and countries with economies in transition. This year's Report is expected to contribute to global and national debates on this important topic.

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China and India

China and India

Towards Global Economic Supremacy

Rita Dulci Rahman • Jose Miguel Andreu

China and India, currently the two most widely discussed countries of Asia are considered to be the wings of Asian economic take off. The first one is a country with plenty of economic opportunities for the developed countries, who try to maximise exports to China and invest massively in it. Nevertheless, it has recently become the country most feared by Western governments, since its overwhelming industrial exports already seem to flood the corresponding markets of the US and EU, thus limiting internal creation of industrial employment in the West.

With a certain delay, India has recently begun to attract attention, mainly due to the shooting up of its exports of IT services, while its current economic position seems to be as promising as that of China in the first half of the '90s.

In this context, the authors believe that China and India nations that shelter more than one-third of the world population will probably co-operate in the economic and political spheres so as to complete their catching up processes. Otherwise, the currently powerful nations potential losers at this stage of the global economic game will arrest or weaken their trajectories towards global economic supremacy.

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Uses and Misuses of Anti-Dumping Provisions in World Trade

Uses and Misuses of Anti-Dumping Provisions in World Trade

A CROSS - COUNTRY PERSPECTIVE

EDITORS : Bibek Debroy, Debashis Chakraborty

“...It is a myth that the GATT/WTO system is only about free trade. Plenty of exemptions to free trade principles are permitted. The anti-dumping agreement is one such exemption. The GATT/WTO system does not prohibit dumping, defined as exporting a product at lower than its ‘normal’ value”.... and thus goes the Introduction (by Bibek Debroy) to this important volume on the subject.

“...Where do we go from where? ...the Doha Development Agenda (DDA) contemplates nothing beyond clarifying and improving disciplines. There is consensus across all five papers that this is hardly enough. More substantial change is needed in the anti-dumping agreement. There is perhaps consensus across all five papers that the anti-dumping agreement needs to be dumped, although there is lack of precision about what should be done about Article VI in that eventuality. Given the political economy within the WTO, this first-best solution is unlikely to materialise. But as a second-best, there is enough ammunition in these five papers for the argument that one needs much more than mere clarification and improvement.”

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Indian Agriculture in the New Millennium

Indian Agriculture in the New Millennium

Changing Perceptions and Development Policy

EDITORS : N A MUJUMDAR & UMA KAPILA

Recently released, here is a two-volume set published by Academic Foundation in collaboration with the Indian Society of Agricultural Economics. The articles contained in these volumes are by a distinguished group of scholars and are at the cutting edge of current research in the chosen field. Ranging from agricultural economists, scientists to policy advisors of repute, the authors bring to bear on their chosen subject not only a high analytical rigour but also give rare insights into the appropriateness of development policies as the two volumes scan through the ups and downs of the agriculture development processes in India over a period of five decades and the policy issues involved at various stages.

This special collection of articles presented in two volumes is arranged under seven sections : (I) Policy Framework, (II) Growth Profile of Agriculture, (III) Investment in Agriculture — covered in Volume 1, and (IV) Water Resources, (V) Institutional Reforms, (VI) Food Security : New Dimensions, and (VII) Globalisation — covered in Volume 2. Together, the two volumes promise to be an invaluable resource for both, researchers and policymakers.

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Beyond the Transition Phase of WTO

Beyond the Transition Phase of WTO

An Indian Perspective on Emerging Issues

EDITORS: DIPANKAR SENGUPTA, DEBASHIS CHAKRABORTY, PRITAM BANERJEE

Published by Academic Foundation in association with Centre de Sciences Humaines, New Delhi.

In a volume aimed at all social scientists, economists and lawyers come together in Beyond the Transitional Phase of the WTO : An Indian Perspective on Emerging Issues to discuss topics ranging from the International Trade in Services including Telecommunications, Transport, Education and E-commerce to questions of compatibility between Obligations towards Environmental Protection and Social Concerns codified in international treaties and protocols and an International Trade Regime that promotes free trade. The contributors discuss current problems that affect India's agriculture like SPS-TBT, and Agricultural Subsidies as well as the issue of Seed Protection and Genetically Modified Crops. The volume also looks at problems and prospects of Indian industry in the face of the MFA phase-out and TRIPS. This projective volume not only projects future problems that will rise as India enters into an increasing number of Regional Trading Arrangements but also grapples with legal problems like India's experiences where Dispute Resolution at the WTO are concerned. The volume concludes with a discussion on the Singapore Issues like Trade Facilitation, Government Procurement and Competition Policy. The volume not only discusses the importance of these issues to India as well as the current ‘state of play’ but suggests the appropriate positions for India to take on all these issues at the WTO negotiations and other fora if a Global Agreement on an issue is not probable.

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Europe After Enlargement

Europe After Enlargement

Economic Challenges for EU and India

JEAN-JOSEPH BOILLOT

Europe is changing and reinventing itself. The enlargement of the European Union to 25 members in May 2004, and even more in the future, will not change so much the global weight of Europe in the world economy as its economic geography. The entry of the Central and Eastern European countries marks in particular the culmination of an intense process of economic integration which widens the production cost matrix within which European firms are operating, while also expanding the EU market. This constitutes a formidable new order not only for all the European companies, but also for those that wish to establish themselves in Europe or those that have to face competition from firms operating within a Greater Europe. This is in particular the case of India for which Europe remains her largest trading partner and a major technology supplier. Hence a special chapter on this case study.

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Rajasthan Development Report

Rajasthan Development Report

PLANNING COMMISSION, GOVERNMENT OF INDIA

The Rajasthan Development Report analyses the entire gamut of development issues concerning a drought prone and arid state. It contains rich state and sub-state level data on various sectors and issues. Five decades of planning in Rajasthan has brought a miraculous change in the potential of development across the state. The report reviews Rajasthan’s experience in the important sectors in the state’s economy and the objective of its publication is to stimulate debate on growth strategies appropriate for development in the years ahead. The roadmap indicated in the report is expected to create broader awareness of the critical policy issues and assist Rajasthan to move to a high growth path and achieve all round human and economic development.

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Trade and Development Report 2005

Trade and Development Report 2005

New features of global interdependence

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT

The world economy is still expanding, but there are serious risks of a setback. Several populous Asian countries, in particular China and India, have emerged as new engines of economic growth. Thanks to their vigorous expansion and their appetite for natural resources, many of their developing-country trade partners have reaped windfall profits from rising commodity prices and from surging demand for intermediate products. Some dark clouds are looming over this rather rosy horizon. Oil prices are historically high and place a huge burden on many developing countries. And there has been no multilateral action that might gently defuse global current-account imbalances. The Trade and Development Report recommends that international initiatives to alleviate poverty and reach the MDGs should not ignore the importance of a smooth unwinding of global economic imbalances that will allow the "Asian Miracle" to continue, along with its positive repercussions for other less wealthy countries

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World Economic and Social Survey 2005

World Economic and Social Survey 2005
Financing for Development

UNITED NATIONS

The World Economic and Social Survey 2005
focuses on the Monterrey Consensus as the current framework for international cooperation for development. The report examines the correspondingly broad agenda for action that was set out in the Consensus, recognizing numerous accomplishments to date and draws attention to the further actions—in the financing and trade areas—that need to be undertaken in the years ahead to achieve both the Millennium Development Goals, as well as the broader United Nations Development Agenda.

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World Investment Report 2005

World Investment Report 2005 with CD
Transnational Corporations and the Internationalization of R&D

UNITED NATIONS

World Investment Report 2005 (WIR05) presents the latest trends in foreign direct investment (FDI) and explores the internationalization of research and development by transnational corporations (TNCs) along with the development implications of this phenomenon.

Part One highlights recent global and regional trends in FDI and international production by TNCs. Global FDI flows resumed growth in 2004, but inflows continued to decline in developed countries. This Part documents the fact that developing regions are leading the recovery in FDI flows. It also documents different trends and patterns between developed and developing countries as regards the financing component of FDI (equity investment, reinvested earnings, intra-company loans) as well as the modes of investment (mergers and acquisitions, greenfield FDI).

Part Two assesses the implications of the recent surge in R&D internationalization by TNCs. R&D activities at growing levels of complexity are increasingly being established in selected developing countries. In contrast to past experience, this R&D often goes beyond local market adaptation and involves highly complex activities targeted on global markets. The Report discusses the driving forces behind this trend and considers how host as well as home countries are affected. Finally, the Report analyses the need for active government policies to enhance development benefits from TNCs´ internationalization of R&D. The Report underlines the importance of coherent policies in order to create an environment conducive to fruitful interaction between the R&D activities of TNCs and those of domestic firms and institutions. A final chapter outlines the role of international agreements in this area.

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Economic and Social Survey of Asia and the Pacific 2005

Economic and Social Survey of Asia and the Pacific 2005
Dealing with shocks

UNITED NATIONS

Despite the increase in oil prices, the weakness of the dollar and the effects of the tsunami, in 2004 ESCAP economies grew at their fastest pace since 2000, with broad-based growth accompanied in most cases by low inflation. Growth was driven by increased exports, a large part of which were within the region, particularly to China, as well as strong domestic demand, including a revival in capital expenditures. Prospects for 2005 indicate a slowdown in economic growth in ESCAP region as the external environment weakens, but the region is expected to continue to be the fastest-growing in the world.

The rapid ageing of countries which are still developing is the most important feature of demographic transition in the next half century in Asia and Pacific. Governments are increasingly under pressure not only to devise innovative mechanisms to deal with an ageing population but also to ensure the long-term viability of social welfare programmes, while minimizing the negative effects on the economy. The diversity of ageing in the region requires different policy responses, including fundamental changes in policy design, particularly in health and pension systems.

The year 2005 was designated as the International Year of Microcredit with the objective of promoting the role of microfinance and microcredit in poverty reduction. The Survey highlights some Asia-Pacific experiences to illustrate how many of the poor people living in the region could improve their lives through their own efforts.

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A Fair Globalization

A Fair Globalization
Creating Opportunities for All

WORLD COMMISSION ON THE SOCIAL DIMENSION OF GLOBALIZATION

Excerpts from the Preface:
"We believe the dominant perspective on globalization must shift more from a narrow preoccupation with markets to a broader preoccupation with people. Globalization must be brought from the high pedestal of corporate board rooms and cabinet meetings to meet the needs of people in the communities in which they live. The social dimension of globalization is about jobs, health and education – but it goes far beyond these. It is the dimension of globalization which people experience in their daily life and work: the totality of their aspirations for democratic participation and material prosperity. A better globalization is the key to a better and secure life for people everywhere in the 21st century.

"We also propose a process by which such a perspective can be realized at all levels, beginning with empowered local communities and improved and more accountable national governance; fair global rules applied fairly; and global institutions that are more pro-people.

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A Functional Competition Policy for India

A Functional Competition Policy For India

Edited by PRADEEP S MEHTA

A Functional Competition Policy for India comes at a time when the country is poised to implement a new Competition Law, whilst there is a lack of understanding of the nature, and extent of prevalence, of different types of anti-competitive practices. The study helps in getting a better understanding of the competition and economic regulation scenario in India.

Contrary to popular perception, the study does not treat Competition Policy as just adoption and implementation of a competition law, but looks at it as a broader policy framework where competition is encouraged as a market process to generate competitive outcomes. Accordingly, the report comprises 22 chapters, giving comprehensive treatment to competition policy in India, covering both systemic as well as sectoral issues.

The present volume is the result of the effort put in by top experts in the country. The study will be useful to all those who are interested in economic policies, in general, and competition policy, in particular.

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International Commissions and the Power of Ideas

International Commissions and the Power of Ideas

Edited by
RAMESH THAKUR • ANDREW F. COOPER • JOHN ENGLISH

HOW are good ideas for enhancing global governance converted into policy initiatives and international institutions? One major route has been via international commissions. The names of many are well known : Brandt, Palme, Brundtland, Kosovo, the Commission on Global Governance, and the International Commission on Intervention and State Sovereignty. Yet, as an expression of the power of ideas, in the search for a better world, they remain under-analyzed.

International Commissions and the Power of Ideas situates the Commissions as an inter-connected process shaping the mind — and the architectural body — of global governance. The influence of these Commissions has been varied, and these differences make this book particularly relevant. The character and record, and style and substance of a wide variety of International Commissions receive detailed analysis on an individual basis, while the generalized context and impact of International Commissions receives rich comparative appreciation.

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Corporate Success Through People

Corporate Success Through People
Making International Labour Standards Work For You

NIKOLAI ROGOVSKY • EMILY SIMS 

In today’s global economy, corporate managers are in the front line when it comes to transforming management principles from an abstract vision into reality. International labour standards (ILS) can be effective and powerful tools around which managers can build their corporate policies and practices. ILS embody the principle that workers are an asset in which to invest, rather than a cost to be borne, and this book presents convincing evidence that the practical implementation of these standards can help a company develop its competitive edge by putting people first.

The book presents numerous case studies from both large and small companies all over the world, where the adoption of ILS has transformed working practices. It provides concrete examples of how implementing ILS on issues such as recruiting and hiring, employee involvement and labour relations, and health and safety, has helped organizations to create a healthy and positive working environment while at the same time reducing labour costs and increasing productivity.

Dealing with such contemporary contexts as the global economy, online recruiting, an ageing workforce, and HIV/AIDS in the workplace, this is a timely and important resource for managers who want to know how to treat their employees with dignity without compromising the bottom line. It shows how implementing ILS in any company is not only a wise code of conduct, but makes sound business sense as well.

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Fundamental Rights at Work and International Labour Standards

Fundamental Rights at Work and International Labour Standards

INTERNATIONAL LABOUR OFFICE - GENEVA

Labour standards have long been upheld by the ILO as an essential pillar of development and peace at the national and international levels. Respect for fundamental rights at work is at the core of the ILO's decent work strategy. This important new book offers valuable insight on the content and application of the ILO's fundamental international labour standards and related standards.

These fundamental standards — on freedom of association collective bargaining, the abolition of forced and compulsory labour, equality of opportunity and treatment, and the protection of of children and young people — form the basis of the ILO's Declaration on Fundamental Princi-ples and Rights at Work and its Follow-up, 1998.

The book offers a detailed description of the relevant Conventions and their principles, along with specific problems encountered in their application at national level. Together, the information in this volume provides a thoughtful overview which can provide the basis for an ever more practical and fuller application of fundamental human rights worldwide. A crucial resource for labour authorities, lawyers, practitioners, and employers' and workers' organization.

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Development Planning

Development Planning
Concepts and Tools for Planners, Managers and Facilitators

REIDAR DALE

This new textbook in development planning aims to provide a comprehensive and practically relevant guide to strategic planning at postgraduate and practitioner level. The author aims to bridge the unfortunate gap that now exists between much development planning theory and planning practice. He also promotes a more value-based, action-centred and organization-inclusive approach to development planning than is normally presented in textbooks on planning.

The book explores the different concepts of development and development planning. It introduces a simple model of strategic planning, and then elaborates more complex arrangements. The author operationalizes various aspects and processes of planning, and critically analyses the tools involved, always in the context of more fundamental planning concerns. Specific topics include logical framework analysis, the use of indicators, process planning schemes, principles and tools of prioritization, and dimensions of participation and community institution building. The analysis consistently progresses from the theoretical and conceptual to the practical and specific.

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Free Trade Area in Asia

Free Trade Area in Asia

RAMESH CHAND

There is a renewed interest in preferential trading agreements (PTAs) partly to face the challenge thrown by multi-lateral trade liberalisation and partly to benefit from the gains offered by PTAs, particularly RTAs. This book discusses the debate on the impact of PTAs on trade creation and trade diversion and whether PTAs are building block or stumbling block for multi-lateral trade liberalisation. While number of PTAs have grown in the world after WTO, Asia as a continent has not seen much progress towards regional integration. The book analyses inter country, intra-Asia and extra-Asia trade for each country and for different formations of Asia to examine internal dynamics for integration. It then proceeds to draw implications of RTA in Asia on regional and global welfare.

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India : Industrialisation in a Reforming Economy

India : Industrialisation in a Reforming Economy
Essays for K L Krishna

Editors : Suresh D Tendulkar • Arup Mitra • K Narayanan
• Deb Kusum Das

This volume contains a set of papers on Indian industrialisation in the context of market-enhancing and trade-liberalising reforms that have been taking place. It begins with tracing shifts in Indian industrial policy since independence. The papers, presented in five sections, throw light on the various facets of the remarkable transformation of the Indian economy with reference to industrialisation, an area of major interest to Professor K.L. Krishna, to whom the volume is dedicated.

The first section focuses on technical efficiency and total factor productivity growth. Though technological change is known to be the most fundamental driver of sustained economic growth, its measurement, however, has been beset with several conceptual and methodological problems. This section deals with these important issues. Urbanisation, an inevitable concomitant of industrialisation, industrial labour absorption and infrastructure required mostly, if not wholly, for the industrial sector constitute the theme of the second section. The third section highlights the role of international trade in the Indian development strategy and the consequent changes in trade policies and their impact on the Indian manufacturing sector. In section four, foreign direct investment, which is being encouraged with a view to facilitating technology transfer and impact industrial performance, is dealt with. There are several contentious issues in this area relating to the role of multinational enterprises, which are examined in this section. The final section deals with the environmental consequences of rapid industrialisation so as to design environmental policy within which one can promote adoption of clean development mechanism.

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Tamil Nadu Development Report

Tamil Nadu Development Report

PLANNING COMMISSION (GOI)

The Tamil Nadu Development Report highlights that the State economy is now driven largely by industry and services, with agriculture accounting for less than 20 per cent of State Domestic Product. However, traditional sectors like agriculture and small industries cannot be neglected since they provide employment opportunities to a large number of population. Diversification of the rural economy to horticulture, dairy, fisheries, poultry and agro-processing has provided employment opportunities and reduced poverty.

The high level of urbanisation of the State requires massive investments in all the infrastructure areas - power, roads, ports, water supply and sewerage, and telecom. Reforms in these sectors, including public-private partnership are needed for future growth of the economy. The service sector, particularly Information Technology Services, Financial Services and Tourism have immense potential in Tamil Nadu.

While power is no longer a serious constraint, the scarce water resources of the State limit the growth of the economy in many areas. The finances of Tamil Nadu are better managed than most other States. The State is no longer on the verge of serious financial crisis, but still requires to take several reform measures including the implementation of the Value Added Tax. While the State is known for comparatively good administration, there is need for greater transparency and accountability. Local government institutions which are closer to the people need to be strengthened.

The Tamil Nadu Development Report lays out the past achievements as well as potential in various sectors of the State economy. The report also suggests policies and strategies that should be followed for future development of the State.

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The Mystery of Economic Growth

The Mystery of Economic Growth

ELHANAN HELPMAN

Far more than an intellectual puzzle for pundits, economists, and policymakers, economic growth - its makings and workings - is a subject that affects the well-being of billions of people around the globe. In The Mystery of Economic Growth, Elhanan Helpman discusses the vast research that has revolutionized understanding of this subject in recent years, and summarizes and explains its critical messages in clear, concise, and accessible terms.

The tale of growth economics, as Helpman tells it, is organized around a number of themes: the importance of the accumulation of physical and human capital; the effect of technological factors on the rate of this accumulation; the process of knowledge creation and its influence on productivity; the inter-dependence of the growth rates of different countries; and, finally, the role of economic and political institutions in encouraging accumulation, innovation, and change.

One of the leading researchers of economic growth, Helpman succinctly reviews, critiques, and integrates current research-on capital accumulation, education, Productivity, trade, inequality, geography, and institutions - and clarifies its relevance for global economic inequities.

In particular, he points to institutions - including property rights protection, legal systems, customs, and political systems - as the key to the mystery of economic growth. Solving this mystery could lead to policies capable of setting the poorest countries on the path toward sustained growth of per capita income and all that that implies.

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FDI in Retail Sector : INDIA

FDI in Retail Sector : INDIA

ARPITA MUKHERJEE & NITISHA PATEL
Published by Academic Foundation
in association with
ICRIER and
Ministry of Consumer Affairs, 
Food and Public Distribution (Govt. Of India)

India is in the midst of a retail boom. The sector witnessed significant transformation in the past decade—from small unorganised family-owned retail formats to organised retailing. Indian business houses and manufacturers are setting up retail formats while real estate companies and venture capitalist are investing in retail infrastructure. Many international brands have entered the market. With the growth in organised retailing, unorganised retailers are fast changing their business models. However, retailing is one of the few sectors where foreign direct investment (FDI) is not allowed at present.

The preliminary findings of this survey study were presented before the Government and various stakeholders at a seminar in New Delhi on November 22, 2004. The findings evoked significant interest and debate. After taking into account the feedback from various government departments and stakeholders, the Department of Consumer Affairs and ICRIER have decided to publish the final report (in the present form) for wider dissemination and discussion which would enable the government to take important policy decisions with respect to FDI in retailing. This study would be of immense interest to retailers, manufacturers, trading associations, chambers, real estate developers, venture capitalists, foreign retailers and their representatives, consultants, industry associations, government ministries/departments, academicians, and all those who have an interest in the growth of this sector. 

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Agricultural Growth, Farm Size and Rural Poverty Alleviation in India

Agricultural Growth, Farm Size and Rural Poverty Alleviation in India

C H HANUMANTHA RAO

The present volume brings together author’s papers on the three related themes, viz., Agricultural Growth, Farm Size and Tenure, and Rural Poverty Alleviation in India. Written over a period of four decades while the author worked at the Institute of Economic Growth, Delhi (1961-1992) and thereafter as an honorary professor, at the Centre for Economic and Social Studies (CESS), Hyderabad, they reflect the evolution of policies for agricultural development and rural poverty alleviation in India over this period. The 31 essays included in this book highlight author’s approach and the position taken on these three major interrelated issues which are of continuing interest and concern in the current academic and policy discussions. Needless to say, here’s an extremely useful book for students of Indian economy and a valuable guide for policymakers, researchers and economic analysts.

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India's Five Year Plans

India's Five Year Plans (2005 ed.)

PLANNING COMMISSION (GOVERNMENT OF INDIA)

The launching of the First Five- Year Plan in April 1951 initiated a process of planned economic development of the country — aiming not merely at raising the standard of living of the people, but also opening out to them new opportunities for a richer and a more varied life. This was sought to be achieved by planning for growth and social justice.

Indian economy has come a long way completing its nine Five-Year Plans and launching the 10th Five Year Plan in April, 2002 and which has already completed three years. The Planning Commission has just released the Mid-Term Appraisal of the 10th Five Year Plan (June 28, 2005).

For the benefit of the readers and researchers, Academic Foundation has brought out this publication bringing at one source all the documents of Five Year Plans including the latest Mid-Term Appraisal of the Tenth Five Year Plan (Planning Commission Government of India). While Part I — Overview and Priority Areas for Action and list of recommendations of the Mid-Term Appraisal of the Tenth Five Year Plan, and Volume I of the Tenth Five Year Plan document is included in this book, the complete Mid-Term Appraisal of the Tenth Plan and all three volumes of the three volumes of the Tenth Plan Document along with the other nine documents of the earlier Fiver Year Plans (around 10,500 pages) are given in the accompanying CD-Rom offers inbuilt search facility, easy printout option, along with other usual advantages associated with the digital media.

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World Economic Situation and Prospects 2005 World Economic Situation and Prospects 2005
UNITED NATIONS

This report is a joint product of the Department of Economic and Social Affairs (DESA), the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions (Economic Commission for Africa (ECA), Economic Commission for Europe (ECE), Economic Commission for Latin America and the Caribbean (ECLAC), Economic and Social Commission for Asia and the Pacific (ESCAP), and Economic and Social Commission for Western Asia (ESCWA)). It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues. One of its purposes is to serve as a point of reference for discussions on economic, social and related issues taking place in various United Nations entities in the first half of 2005.

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World Economic and Social Survey 2004 (Trends and Policies in the World Economy) World Economic and Social Survey 2004
Trends and Policies in the World Economy
UNITED NATIONS

The present volume:

Part I
of the World Economic and Social Survey 2004 examines recent developments in and prospects of the world economy and addresses their implications for the developing countries in the struggle against poverty. In 2004, the world economy continued the recovery that had started in 2003 and the indications are that this progress will be sustained into 2005. Nevertheless, there are a number of immediate dangers, most notably higher oil prices and the large trade imbalances of some of the world's major economies. Economic progress in India and China is likely to enable the world as a whole to achieve the Millennium Development Goal of reducing poverty by half by 2015. At the same time, many of the poorest countries are expected to fall well short. the Survey analyzes these and other issues in depth and also includes statistical tables, which give standardised data on international trade and finance, incorporating current data and forecasts. It is essential for decision makers in government and business, and provides valuable information to all interested in the trends of global economy.

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World Economic and Social Survey 2004 (International Migration) World Economic and Social Survey 2004
International Migration
UNITED NATIONS

The present volume:

Part II
of the World Economic and Social Survey 2004 deals with a subject that profoundly affects the economic and social fabric of all nations - international migration.

Today, more people live outside their country that at any other time in history, and the number of people who are crossing international borders in search of a new home seems bound to increase. As a result, there is growing awareness in many countries of the impact of migration-which has, as was expected, become a matter of intense policy debate. After all, migration brings with it many complex challenges—including issues of human rights and economic opportunity, of labour shortages and unemployment, of brain drain and brain gain, of muliculturalism and integration, of refugee flows and asylum-seekers, of law enforcement and human trafficking, of human security and national security.

The volume provides a comprehensive review of developments in international migration, and of the diverse issues involved.

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Studies in Macroeconomics and Welfare Studies in Macroeconomics and Welfare
EDITORS : B B BHATTACHARYA & ARUP MITRA

The volume is expected to be of special interest to those who are keen to learn the applications of econometric techniques in analysing economic growth, policy and welfare.

The book contains studies on exchange rate, interest rate, money demand and supply and monetary and fiscal policies, inflation and its relationship with growth at aggregate and sectoral levels, growth and distribution, pollution, environment, rural poverty, health care and micro credit. The basic purpose of these studies has been to evaluate the ongoing economic reforms in India and its impact on economic growth and welfare, with special focus for the vulnerable sections of the population.

Here’s a book that would be useful to the policymakers for understanding the effectiveness of both, macro and micro policies in the recent period.

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Report of the Finance Commission of India Report of the Finance Commissions of India
First Finance Commission to the
Twelfth Finance Commission (The Complete Report)

The present volume carries complete Report of the Twelfth Finance Commission, except Appendices and Annexures — which are placed in the accompanying CD-ROM that additionally features the essentials, namely, Introduction and the Summary of Recommendations of all the previous reports of the earlier Finance Commissions (First to the Eleventh).

This publication, for the first time, brings together at one source, the invaluable contributions of all the Finance Commissions of India till date — spanning more than half a century of fiscal federalism in India.

This publication comprises:

  • Report of the Twelfth Finance Commission (2005-10)
    November 2004;
    Chairman: DR. C. RANGARAJAN
    (the complete report)


    plus
    the 'essentials' such as the Introduction and the Summary of Recommendations of all the earlier Finance Commission reports (First to the Eleventh):

  • Report of the First Finance Commission, 1952
    - Chairman : Shri K.C. Neogy
  • Report of the Second Finance Commission, 1957
    - Chairman : Shri K. Santhanam
  • Report of the Third Finance Commission, 1961
    - Chairman : Shri Ashok Kumar Chanda
  • Report of the Fourth Finance Commission, 1965
    - Chairman : Dr. P.V. Rajamannar
  • Report of the Fifth Finance Commission, 1969
    - Chairman : Shri Mahavir Tyagi
  • Report of the Sixth Finance Commission, 1973
    - Chairman : Shri K. Brahmananda Reddi
  • Report of the Seventh Finance Commission, 1978
    - Chairman : Shri J.M. Shelat
  • Report of the Eighth Finance Commission, 1984
    - Chairman : Shri Y.B. Chavan
  • Report of the Ninth Finance Commission, 1990
    - Chairman : Shri N.K.P. Salve
  • Report of the Tenth Finance Commission, 1995
    - Chairman : Shri K.C. Pant
  • Report of the Eleventh Finance Commission, 2000
    - Chairman : Prof. A.M. Khusro

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Terracotta Reader Terracotta Reader
A Market Approach to the Environment
EDITORS : PARTH J SHAH & VIDISHA MAITRA

The green movement aims at changing the human nature to preserve the environment. This book builds a terracotta movement that focuses on changing incentives to manage the environment. Terracotta means 'burnt earth,' and refers to earthenware made from this material. It is the creation of human action on a natural resource. Terracotta symbolises the philosophy that values natural resources, not in isolation, but in their relation to human beings. This relationship is not always extractive or consumptive, as the greens claim. It is often aesthetic, contemplative, and spiritual. All the varied relationships are nonetheless between humans and the ecology - and their complex interactions and interdependence. Theirs is a heroic mission to change human nature, ours is a human endeavour to create a better world by restructuring incentives. The green vision versus the terracotta vision !

To provide material comforts we use material resources, leading to environmental problems. The greens' governmental approach of guns and guards has proven to be a dismal failure. Instead of rethinking the approach, they are determined to intensify it : more consciousness raising, stricter rules, harsher penalties. The terracotta approach relies on the incentives that come with resource ownership for prudent, sustainable management. The individual, family, and community owner-ship or stewardship provides right incentives. Government ownership leads to the tragedy of the collective.

Give communities property right to natural resources. It would achieve the dual objective of the protection of resources and their emancipation from poverty. When the resource must remain in collective ownership, design rules such that users pay the price for the use of the resource (market-based instruments). The green vision of wilderness versus the terracotta vision of wise use !

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Food Security in Asian Country Food Security in Asian Countries
in the context of Millennium Goals
EDITOR : VIJAY S VYAS

Practically all countries of Asia have pledged at the national as well as international level to reduce the number of hungry and food insecure. A concrete step in this direction was taken in the World Food Summit in Rome, in 1996, when the nations resolved to reach the goal of food security. It was further reiterated at the Millennium Summit held in New York in 2000 where the United Nations adopted the Millennium Declaration, which contains goals and targets in important areas of human development. One of these goals is to eradicate extreme poverty and hunger.

This particular study aimed to examine the results of the efforts to achieve food security in Asian Countries in the context of Millennium Goals. Having adopted the basic premise that factors determining food security can be best understood at the country level, the study was based on country case studies: two least developed countries (Cambodia and Nepal), two medium-income countries undergoing fast structural changes (Indonesia and Thailand), and one large and fast developing country (India).

Despite differences in their initial conditions (society, economy, and polity), and the varying experiences in pursuing their respective goals and strategies for the attainment of food security, the five country case studies have yielded most valuable lessons, particularly in the form of initiatives that have wider if not universal applicability.

These lessons range from general to more specific situations that is, from augmenting agricultural production, eliminating seasonal hunger, and aiming for nutritional security, to provide for food security during and after natural calamities. Together these vast and varied lessons provide a basis for vital policy recommendations for food security. An emphasis was also given to the scope for regional cooperation. The country case studies demonstrate that certain measures have regional implications for know-ledge sharing, conservation and proper use of natural resources.

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Himachal Pradesh Development Report Himachal Pradesh Development Report
Planning Commission
Government of India, New Delhi.

The Planning Commission has decided to prepare State Development Reports (SDR's) for all States and Union Territories of India. The objective in bringing out these reports is to provide a credible independent quality reference document on the development profile, set out strategies for accelerating the growth rate of States, lessen disparities and reduce poverty. The SDR is meant to discuss the constraints and challenges faced by a State and provide a vision, blueprint or a roadmap for its socio-economic progress.

Each SDR is being prepared with the assistance of reputed expert national-level agencies, under the supervision of a Core Committee, headed by a Member of the Planning Commission, and including a senior representative of the State Government. Forthcoming after Himachal Pradesh, are the SDRs of Rajasthan and Taiml Nadu.

The Himachal Pradesh Development Report reviews the State's development experience and highlights issues critical for its future progress. Himachal Pradesh's latent potential in hydel power, tourism, bio-business and its transformation in social sectors is well documented in the report. The report is expected to serve as a useful reference and stimulate informed debate on the policy issues facing a hill state.

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In Defence of Global Capitalism In Defence of Global Capitalism
JOHAN NORBERG
Foreword by Bibek Debroy

Here's the special 'India edition' of Johan Norberg's widely acclaimed book: In Defence of Global Capitalism. In this book Norberg shows clearly and concisely how capitalism promotes the rapid spread of economic opportunities and personal freedom.

Once a self-proclaimed anarchist and now a passionate crusader for globalisation, the author presents compelling evidence that because of eased trade restrictions, dramatic transformations are already under way in scores of nations. In Defence of Global Capitalism is the first book to rebut, systematically and thoroughly, the claims of the anti-globalisation movement. Backed by an abundance of solid facts, statistics, and flesh-and-blood examples drawn from his travels in Asia and Africa, Norberg asserts that the diffusion of capitalism in recent decades has created opportunities every-where. Living standards and life expectancy have risen substantially. There is more food, more education, and more democratisation, less inequality and less oppression of women. Norberg takes on the tough issues - economic growth, freedom vs. equality, free trade and fair trade, international debt, child labour, cultural imperialism - and concludes that free-market capitalism is the best route out of global poverty.

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Towards A Functional Competition Policy For India Towards A Functional Competition Policy For India
AN OVERVIEW
EDITOR: PRADEEP S MEHTA

Towards a Functional Competition Policy for India comes at a time when the country is poised to implement a new Competition Law, whilst there is a lack of understanding of the nature, and extent of prevalence, of different types of anti-competitive practices. The study helps in getting a better understanding of the competition and economic regulation scenario in India.

Contrary to popular perception, the study does not treat Competition Policy as just adoption and implementation of a competition law, but looks at it as a broader policy framework where competition is encouraged as a market process to generate competitive outcomes. Accordingly, the report comprises 22 chapters, giving comprehensive treatment to competition policy in India, covering both systemic as well as sectoral issues.

The study tracks the evolution of Competition Policy and Law in India; discusses the interface of Competition Policy with Government Policies (at the Federal as well as State level), and Consumer Welfare; and identifies competition and economic regulation issues in agriculture, manufacturing, and services.

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Law, Liberty and Livelihood Law, Liberty and Livelihood
Making A Living On The Street
EDITORS: PARTH J SHAH AND NAVEEN MANDAVA

Law, Liberty and Livelihood: Making a Living on the Street goes beyond mere macro-statistics and statistical controversies regarding the impact of liberalisation on the poor and endeavours to further the understanding of the processes and dynamics involved in various urban livelihoods. It documents through primary research the 'official' as well as the 'actual' regulatory and licencing processes by direct interactions with varied stakeholders. The case studies of railway porters, street vendors, small shop keepers, cycle and auto rickshaw drivers, household-based industries, as well as small school operators provide graphic details of what ails India's entry-level professionals - the bottom rung of the economic ladder from which the poor can hope to climb to economic success while providing some of the most essential services to city people.

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World Investment Report 2004 World Investment Report 2004
The Shift Towards Services
By UNITED NATIONS, NEW YORK & GENEVA

After three years of decline in global investment flows, there are signs of revival. With global economic growth improving in 2004, prospects for global investment look bright. This is particularly the case in services, which make up the largest economic sector in many countries, and which dominate foreign direct investment. The World Investment Report 2004 looks at the shift towards services and examines the challenges and opportunities that arise for development.

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The Adventures of Jonathan Gullible A Free Market Odyssey The Adventures of Jonathan Gullible
A FREE MARKET ODYSSEY
Commentary Edition
By KEN SCHOOLLAND

This book is fun. It challenges readers to think about why some countries are rich, while others are poor. It explores alternative thinking about important economic, practical and philosophical matters. The variety of ideas will challenge readers to ponder, question, and engage in meaningful discussions. Underlying all this is the respect for, and tolerance of, the individual.

Since 1980, Ken has been writing economic commentaries for radio. Straight commentary from an academic economist was dry and uninteresting. He thought he would spice up these radio spots with fantasy dialogues. Friends were willing to perform with him, and so Jonathan Gullible was born.

Immediately, interest among listeners soared! The ideas were provocative and outlandish, yet they drove home hard-core free market ideas in a humorous way. Later, he enlisted a dozen friends as actors to produce the episodes as a dramatic series. Again it was a hit! Since then The Adventures of Jonathan Gullible: A Free Market Odyssey has been used for radio broadcasts, discussion groups, essay contests, skits and theatrical productions around the globe.

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Topics in Applied Economics Topics in Applied Economics
Tools, Issues and Institutions
A FESTSCHRIFT VOLUME FOR PROF. U. SANKAR
EDITORS : G MYTHILI & R. HEMA

Prof. Sankar is one of the most versatile applied economists in India. He can delve into Bayesian methods of estimating production functions and tackling errors in the variables. He can painstakingly build and input-output transactions table. He can recommend pricing policies for multi-product monopolies and can carry out an expected utility analysis to understand agricultural decision-making under uncertainty. He can design economic instruments for pollution abatement and carry out a techno-economic analysis of the Indian Space programme. His research in all these areas has been a most fruitful blend of methodological and applied work, a great achievement that has been widely recognised and appreciated both by academicians and by policy makers. This volume is a collection of contributions made by some of his long-term associates, meant as a token of appreciation for his invaluable contributions.

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Reforming The Labour Market Reforming The Labour Market
EDITORS : BIBEK DEBROY & P D KAUSHIK
Published by ACADEMIC FOUNDATION in collaboration with FRIEDRICH NAUMANN STIFTUNG and RAJIV GANDHI INSTITUTE FOR CONTEMPORARY STUDIES

Reforms are perpetually debated. If there are two areas of reform, which figure prominently in the liberalisation discourse, with strong views on both sides, those are privatisation (or disinvestments) of public sector enterprises and labour market reforms. The argument is that organised labour markets are unnecessarily rigid and thereby, artificially drive up capital intensity and make it difficult for India to exploit the comparative advantage in labour. This volume is about labour markets, but there are also papers in it about the unorganised labour market, accounting for 92% of the labour force. Within the organised segment, flexibility in labour markets is usually interpreted as changes in the Industrial Disputes Act, requiring what is sometimes called, an automatic hire and fire policy. That labour market reform is much more than this narrow interpretation, comes out clearly from this collection of papers. As such, this volume should be of interest to all those interested in policy formulation in India, and researchers and students.

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Privatising Power Cuts? Privatising Power Cuts?
by JOËL RUET

Beyond ideologies, beyond hiccups and cycles of reforms, privatisation of State Electricity Boards of India (SEBs), just alike their public reform, are structurally stalled. The book argues, the emphasis on ownership is misleading, and needs being articulated more subtly to a look at organisational structure of SEBs.

An in-depth enquiry in SEBs shows how privatisation is a one-sided game that has no real takers as long as SEBs remain organisations in which all technical, accounting, financial parameters are at the least hazy, often unknown. No investors will come without guarantees, thus the public has impression that SEBs are 'privatised for a song', while the economists feels they are virtually value less... while in practice awaited investors do not even turn up.

The book pinpoints, as the core of the stalemate, to the misconception in the very concepts generally used to analyse the internal organisation, the functioning, and the nature of SEBs. SEBs have now to undergo a specific and structural series of organisational changes, that the author calls 'enterprisation'. Privatisation is far from being the only tool for achieving this, among a wide set of public-private partnerships.

The matter is of importance, for not all States and afford, the way Delhi did, paying for endlessly re-negotiable financial gurantees.

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Indian Economy and Society in the Era of Globalisation and Liberalisation Indian Economy and Society in the Era of Globalisation and Liberalisation
EDITORS : C H HANUMANTHA RAO, B B BHATTACHARYA & N S SIDDHARTHAN

The volume begins with Agriculture, Land Reforms and Anti-Poverty Programmes as Prof. Khusro began his career at IEG, investigating these problems. He retained his interest in these areas, in particular, on issues relating to poverty. The next theme on Environment is closely related to the broad theme, Agriculture and Poverty. The papers included under this relate to newly emerging interdisciplinary research focusing on ecology, economics and environment, gender and community forestry, and the cleaning of our rivers. Environment is one of the two themes in which Prof. Khusro wanted the IEG to expand its research activities. The other theme is Globalisation, Liberalisation and Trade. The papers included in this section deal with the impact of liberalisation and the World Trade Organisation regime on the quantity and quality of foreign direct investments, exports, productivity, and growth of firms.

The next three themes viz. Macro Models and Growth, Population and Secularism and Religion are areas where IEG has a tradition of undertaking several important research studies with distinction since its very inception. However, over the years the focus on these themes has changed and papers included in this volume reflect that change. Studies on secularism and religion were always close to Prof. Khusro’s heart.

We hope, the essays in this volume would stimulate interest in research and will prove useful not only to policymakers and researchers but also to students interested in these varied themes.

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Essays on Development Strategy, Regional Disparities and Centre-State Financial Relations in India Essays on Development Strategy, Regional Disparities and Centre-State Financial Relations in India
By C H HANUMANTHA RAO

Internationally recognised expert and one of India's most distinguished economists, C.H. Hanumantha Rao has contributed immensely to a better understanding of India's economy. Often quoted and re-quoted over the years, his meticulously prepared research papers and analytical writings have enlightened students, senior researchers and policymakers alike.

It is most appropriate that a good majority of his relatively less accessible, although academically most relevant, writings are collected, thematically arranged and presented together at one source. The present volume is an humble attempt towards this end along with a separately published 'companion' volume entitled "Essays on Agricultural Growth, Farm Size and Rural Poverty Alleviation in India."

Together, these volumes are a perfect tribute to the rare scholarship of this most unassuming, yet most outstanding scholar, on his 75th birthday.

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Energising Rural Development through 'Panchayats' Energising Rural Development through 'Panchayats'
EDITOR : BIBEK DEBROY & P.D. KAUSHIK
Published by ACADEMIC FOUNDATION in collaboration with
RAJIV GANDHI INSTITUTE FOR CONTEMPORARY STUDIES

“Do we have a holistic view of rural development in which all the activities currently being undertaken are integrated ? Do we share a vision for a prosperous rural India, a vision which sees agriculture and allied activities as the growth engine for rural development complemented by promotion of non-farm activities for value addition and sustainable in a healthy competitive environment ? Are our strategies effective in increasing the productive potential of our agriculture, developing viable non-farm occupations and provision of basic human needs in a holistic manner ?” This quote is from a speech delivered by Dr. Manmohan Singh, the Indian Prime Minister. And that same speech said, “We need to learn from the Chinese model of rural business hubs that add value to agricultural produce within the rural areas.” And finally, “Together we have an opportunity to make a radical departure from current ways of doing things. Incrementalism will not take us very far as sometimes the fault may be in the very design of the programmes imposed from above.”

The ten papers in this volume don’t pretend to have all the answers. But collectively, one forms a very good idea of what the rural development issues are and what the PRIs can do to address rural development concerns. In the process, a menu of options also emerges. If some of these ideas get transformed into pilot projects, that can thereafter be successfully replicated, the objectives of the volume will have been met.

—excerpts from Bibek Debroy’s
introduction to this volume     

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Small-Scale Industry in India Small-Scale Industry in India
Large Scale Exit Problems
EDITOR : BIBEK DEBROY & LAVEESH BHANDARI
Published by ACADEMIC FOUNDATION in collaboration with FRIEDRICH NAUMANN STIFTUNG and RAJIV GANDHI INSTITUTE FOR CONTEMPORARY STUDIES
As the editors of the book put it:

“This book is an outcome of a study on bankruptcy of small businesses in India.... The process of conducting the study brought forth revealing facts on the functionality of small businesses, their problems and possible solutions. Small businesses are treated as those productive activities whose stakeholders cannot access the Board for Industrial and Financial Reconstruction (BIFR), post-failure. The central idea being post-bankruptcy problems faced by the entrepreneur. To this work, insights from other published work on small-scale industries (SSIs) have been studied and added to provide the reader with a holistic view about the small-scale entrepreneur and the problem of bankruptcy.”

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Exploration in Development Issues Exploration in Development Issues
Selected Articles of Nurul Islam
By NURUL ISLAM

I have done my research and writing predominantly on economic policy issues, be it trade and aid, development strategy, or food security. The articles are overwhelmingly policy-oriented; they tend to echo or represent the climate of debate, thinking and research in the different periods when they were written. The selection of articles was made in such a way that they fulfil, as far as possible, one or several of the following criteria: 1) they represent my main thinking and writing on that particular issue; 2) they were prominent in debate and discussion among academic economists/policy analysts during the time when they were written; 3) they retain some relevance and/or are of major or continuing interest in the current academic/policy discussions.

— Nurul Islam

(Excerpt from the author’s introduction to this collection)

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Economic Freedom of the World 2004 Annual Report Economic Freedom of the World
2004 Annual Report
By JAMES GWARTNEY & ROBERT LAWSON
With an introduction by PARTH J SHAH
.....Plus, an interview with MILTON FRIEDMAN
Published by Academic Foundation in association with Centre for Civil Society, New Delhi.

Economic Freedom of the World is the most comprehensive index of economic freedom in the world and the only one that uses reproducible measures appropriate for peer-reviewed research. The 2004 annual report explores the evolution of economic freedom over the last quarter century and the impact of economic freedom on people's lives.

It answers many important questions, including :
• Has economic freedom been increasing or decreasing ?
• Do poor people benefit when countries become economically free ?
• What countries have made big gains in economic freedom in   
   recent years ?
• What effect does economic freedom have on prosperity ?
• How does economic freedom influence investment ?
• How does economic freedom influence productivity ?
• What impact does economic freedom have on income inequality ?

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State of the Indian Farmer : A Millennium Study State of the Indian Farmer : A Millennium Study
Published by Academic Foundation, New Delhi in association with Ministry of Agriculture, Govt. of India, New Delhi.

State of the Indian Farmer : A Millennium Study (published in 27 volumes along with a CD-Rom) is unique in the sense that it is focused on the ‘farmer’ — the man behind agriculture. This is the most comprehensive effort after the National Commission on Agriculture submitted its reports in 1976. These studies, on various individual themes, under this mega-project, are quite penetrating and painstaking, their authors being recognised authorities on the concerned subjects.

A comprehensive overview of these studies by Prof. Y.K. Alagh, provides a critical appraisal of the major issues addressed in these volumes. The mega study has been further enriched by a crisp and insightful preface by Prof. C.H. Hanumantha Rao touching almost every issue concerning the Indian farmer in today's scenario.

The 27-volume study, documenting the progression of agricultural development during the last five decades, will indeed go a long way in enriching our understanding of the nuances of development process and its welfare implications. The study will certainly help the future planners, policy-makers and all those interested in the welfare of the Indian farmers and the alleviation of rural poverty.

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Poverty and Economic Reforms : The Social Concerns Poverty and Economic Reforms
The Social Concerns
Editor : G S AURORA

This book is based on research carried out in a few villages in South India, when they were at the threshold of their economies and society being exposed to new economic order. The chief concern was to examine the impact of the economic reforms on the poor with a focus on levels and intensity of poverty, social dimensions of deprivation, food security and the role of MNCs. The research itself was carried out with the active involvement of voluntary organisations engaged in helping the poor to combat several evils including that of poverty.

This volume brings together several essays by specialists such as, V.M. Rao, Thomas Paul, B.P. Vani, K. Gayithri, M. Indira, besides a co-authored essay by the late professor M.N. Srinivas.

This volume is expected to be of help not only to academicians, policy makers, but also to voluntary organisations and other activists engaged in understanding the responses of the poor to the sweeping economic changes

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Integrating the Rrual Poor into Markets Integrating the Rural Poor into Markets
Editors : BIBEK DEBROY & AMIR ULLAH KHAN

As the editors Bibek Debroy and Amir Ullah Khan put it :

"Agriculture may account for only 25% of GDP. But 70% of India's population earns a living from the rural sector. If there is a perception in India that liberalization has been anti-poor and pro-rich, that is largely because the agricultural cum rural sector has been untouched...

"After the recent (2004) elections, negative expectations about reforms concern privatization and labour market reforms. On the positive side, there are expectations that agro and rural reforms will finally get off the ground, after having been talked about ad nauseam.... If these expectations materialize, parts of India that are hitherto bypassed and marginalized in the growth process, will be mainstreamed. If one is looking for a reform agenda for such liberalization, this volume provides it. The agenda set out in these 17 papers is by no means exhaustive. But collectively, one obtains a very good idea of what needs to be done to bring the rural poor into interaction with markets, so that they can tap the opportunities that market-based liberalization throws up."

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Morality of Markets Morality of Markets
Editor : PARTH J SHAH

Morality of Markets presents a unique compilation of essays by distinguished economists, ethicists, and theologians that explores the moral and ethical foundations of the free market.
The book overwhelmingly supports the fundamental morality of markets and the general immorality of government interventions in capitalist act among consenting adults. The notion that private property and market exchanges are inherently unjust is systematically disproved, both from the economic and philosophical perspective.
The essay comprehensively address critical issues ranging from the underlying ethics of voluntary exchange, morality in commerce and corporation, the immorality of state intervention, and the role of markets in the teaching of major world religions.
Gurcharan Das is his foreword underscores the relevance of this approach:
"Our animus against capitalism may have diminished after communism's fall; increasingly, some Indians may also agree that markets do indeed deliver greater prosperity; but most Indian still think that capitalism is not a moral system."
Hence this book is timely. We have already tasted significant benefits of competition inn recent years; we have also experienced enough economic liberty for a decade to be more receptive to the ideas of this book."

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Biotechnology and Development Biotechnology and Development
Challenges and Opportunities for Asia
Editors : SACHIN CHATURVEDI, S R Rao

BIOTECHNOLOGY along with the other core technology viz. Information Technology, is at the heart of technology revolution in Asia. Asian countries have adopted strategies for harnessing the potential of biotechnology for their industrial Development. The areas of applications both in pharmaceutical and agriculture sector have widened, finding new vistas of economic growth.

Policy challenges, however, are arising among others, concerning trade in GMOs, impact of genetic engineering on environment and human health, biosafety management, and ethical aspects that are yet to be addressed at any collective forum in Asia. One of the missing links is a dialogue between natural and social scientists so as to identify socio-economic requirements and policy priorities in the realm of biotechnology and development in the region.
This book brings together perceptions on some of these issues by eminent experts from the Asian region. As a sequel to the pioneering Biotechnology Revolution and the Third World : Challenges and Policy Options (RIS 1988), this volume draws lessons from the experiences of Asian developing countries and revisits some of the concerns raised earlier.

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Two Score and Ten Two Score and Ten
My Experiences in Government
by G V RAMAKRISHNA

In this book, Ramakrishna provides a first hand account of how Government functioned at high levels in the States and at the Centre. The subtle methods of utilizing Government institutions for unconstitutional, political and bureaucratic ends, have been brought out with modesty and sensitivity.

In a rather unusual style, the book employs multiple elements of presentation. An easy-read narrative (born out of the autobiographical impulse of a senior bureaucrat turned author) is well supported by extensive references, relevant media clippings and other anexures. This is followed by a select set of articles on varied themes of general and current interest, where Ramakrishna does not hesitate to voice his views on some interesting and debatable issues. Plus, interspersed with the text are pictures, cartoons and photographs from the author's personal collection - all of which contribute towards making the book truly worth possessing.

Concerned citizens, civil servants, students and faculties of institutions, will find this book of absorbing interest.

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Agenda for improving Governance Agenda for improving Governance
Editor : BIBEK DEBROY

This collection of papers is about governance, variously defined and interpreted. Taken collectively, these sixteen papers set out the reform agenda for governance, or alternatively, for the role of the State. This is a critical subset of second or third generation reforms. If this agenda is implemented, the 2020 dream will materialize sooner rather than later.

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Economic Reforms Sans Development Economic Reforms Sans Development
By N A MUJUMDAR

The author argues, the emphasis of reforms seems to be on exhibiting the form of the textbook characteristics of a liberalised, and open economy, at the cost of the substance of development : reduce State intervention and involvement in economic activities, usher in market-driven economy abolish all subsidies including food and interest rate subsidies to the poor, and let the poor fend for themselves and so on. In the hierarchy of priorities of contemporary Indian policy makers, for instance, privatisation has gained ascendancy over poverty reduction. Economic reforms have thus become empty rhetorics so far as the attainment of end-objectives of development is concerned.

The bunch of 33 selected articles brought together in this book seeks to provide concrete evidence in support of this central theme. The discussion also sketches the broad contours of policy correctives that are needed if the substance of development is to be retained as an important ingredient in the macroeconomic policy mix.

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Responsible Global Governance Responsible Global Governance
By RITA DULCI RAHMAN & JOSE MIGUEL ANDREU

Our global society is undergoing unbalanced developments and is facing serious problems as described in this book. Without counter-balance, these developments and problems might move us into further decline in human security and even into social and economic stagnation. At present, events in the most remote areas of our planet can influence the core of affluent societies, while access to information on the effects and on the events themselves is more widespread than ever.

As the entire world, petrified with fear, could watch the crumbling of the twin towers, ordinary people immediately started expressing their concern and pressing for more human security and for a fundamental change in global governance. But the people in the streets do not make policies. Hence our call for fast multilateral institutional reform and for the pooling and boosting of resources to bridge the poverty gap.

Written in a very readable style, this book presents crisp and systematic analysis on a subject of great international concern. It presses for Responsible global governance and neatly chalks out "A Programme for World Stability and Institutional Reform."

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The India Mosaic The India Mosaic
Editors : BIBEK DEBROY & D. SHYAM BABU

The India Mosaic
Searching for an Identity....
is essentially a collection of writings borne out of deliberate thinking to pen down ones thoughts on the 'Idea' of India. The authors / Contributors to this volume together represent a varied cross-section of India's intelligentsia. The 'Idea' of India has been interpreted by different people in different ways. Perhaps there is no single 'Idea' of India at all. Whatever be the interpretation (or interpretations) of Idea of India there is an unambiguous sense that there is an attempt to change the Idea of India... Consciously, to any Indian, the Idea of India triggers a lot of thoughts, some overwhelming feelings maybe, but far too many questions. Perhaps for most, there are not any easy answers.

There is plenty of food for thought in these papers about what India stands for and about what it should stand for. The world and India are bullish about the Indian economic performance in the next 20 or even 50 years. A recent Goldman Sachs report (Dreaming with BRICs : The Path to 2050) is but one instance. The economy is the easy part. But India stands for much more than the overall economic performance alone. There is much in this volume for India's citizens to think about.

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Accelerating Growth and Poverty Reduction Accelerating Growth and Poverty Reduction
By ARVIND VIRMANI

This book is based on policy papers written during the nineties at the Ministry of Finance. The fundamental objective of economic policy is to generate equitable economic growth and thus bring about the increased well being of all citizens. The goal of these policy papers was to remove policy distortions that were hindering growth and productivity and to introduce economic and institutional reforms that would accelerate growth. The policy recommendations were shaped by theory and empirical evidence on the one hand, and by institutional/organisational and socio-political constraints on the other.

The eighteen essays included in this book encompass a broad canvas : the new paradigm on which the reforms of 1991 were based and integrated policy framework that it entails; policies that have special relevance for ensuring growth with productive employment; macroeconomic reform issue related to the fiscal situation and the external accounts; problems and policies relating to different sectors such as agriculture, industry, telecom, power and urban. Issues such as adoption of value added tax, capital account convertibility, FDI in media, which have been at the centre of public debate, have also been covered in this book.

The chapters in this book can be broadly categorised under the following four heads :

  • Growth, Poverty and Employment
  • Agriculture and Industry
  • Fiscal, Financial and External
  • Sectoral Policies

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India : Redeeming the Economic Pledge India : Redeeming the Economic Pledge
By BIBEK DEBROY

Economists may pretend otherwise. But Economics is about common sense. India needs economic reforms to push up growth. Growth is needed to eliminate poverty and reduce unemployment. And reforms are needed to eliminate India's present status quo, with its pronounced anti-poor bias. All Indian citizens, present and future need to argue for liberalization, privatization, globalization) being a dirty expression. But liberalization is thrust down from top. At least, that's the perception. No books exist to explain the need for reforms. Those that do, are written by specialists and the target audience is also specialists. There are no books addressed to the interested citizen who is not a specialist.

This book is not only an exception. It is the first of its kind.

It removes the jargon and brings out the common sense in Indian economic policy making. There is no lecturing to the reader. The style is more of a dialogue. Read it and get convinced. Use your convictions to push for change. Don't leave it to North Block and PMO. That's the only way India will change and fulfill the failed and promised tryst with destiny. The time has come redeem the pledge.

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India Vision 2020 India Vision 2020
The Report + Background Papers

The report on “India: Vision 2020” reproduced in Part One of this volume, has been the outcome of many detailed deliberations among all the Committee members comprising selected top scholars and experts in their respective fields under my chairmanship. The Committee had been constituted by the Planning Commission, Government of India in the year 2000 as a part of the exercise on Tenth Plan to develop a long-term twenty year vision for helping to work out a mediumterm programme for India’s development strategy. The Committee took more than two years to have an integrated and consistent view of how the countrymen would like to see India in the year 2020. The Committee’s deliberations were further enriched by nearly 20 written contributions received from among the Committee members. The contributors represent a wide spectrum of the society and from different parts of India.

In the final report, we have not necessarily adopted and accepted all the views and assessments of each individual author. But an integrated view is taken from a broad consensus emerging from the views of the different Members. These papers provided broad guidelines and pointers to formulate our understanding of Vision for India in 2020 and providing often detailed rationales for taking these views. Indeed in preparing the final report we have benefitted enormously from the inputs received from the background papers. The Report, however, is unable to do full justice to the rich and detailed analysis contained in the various papers. The final report also draws valuable inputs from experts within and outside the Planning Commission. The Committee gained from the vision of Dr. A.P.J. Abdul Kalam’s book “India 2020: A Vision for the New Millennium”.

Given the complexity and vast scope of research and issues covered by individual papers, it is now felt that the papers will be a sources of great ‘knowledge’ value on their own, over and above their contribution to the final report on India Vision 2020. This prompted us to put together a volume with select background papers (with necessary editing) submitted to the Planning Commission for the India Vision 2020. Needless to mention, the view presented in these papers are that of the authors and not necessarily that of the Planning Commission.

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Select Essays on Indian Economy Select Essays on Indian Economy (Set of Two Volumes)
By C. RANGARAJAN

DR. C. RANGARAJAN ranks not only among the most distinguished economists of India, but is an internationally recognised scholar. He has made significant contributions to the understanding and the working of India’s economy, in general, and the financial system in particular — through his teaching, research oriented writings, and as much by virtue of several top level positions he has held over the years.

This twin-volume publication brings together some of his path-breaking writings on various aspects of India’s economy in the form of analytical essays, many of which have been frequently quoted and widely referred to.

Needless to say, the publication would be of special interest to a whole range of economists, researchers, students, bankers, policy makers, and others who understand the significance and value of Dr. Rangarajan’s work.

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The Illustrated Compendium of Prosthetic Heart Valves Manual of RBI Notifications 2003-04 Edition
Editor :  SONA KAPILA

Comprising Notifications as latest as June 2003, plus

  • Banking Development and Perspective (2002).

  • Monetary and Credit Policy for the year 2002-03.

  • Monetary Developments in 2001-02.

  • Mid-term Review of Monetary and Credit Policy for the year 2002-03.

  • Chronology of Major Policy Announcements April 2001 to July 2002.

  • Follow-up Action : Budget Announcements (Position as on 25.6.2002)

  • Major Reports (72) released by RBI for the period 1997-2002.

  • Notifications / Circulars / Directions for the period 1998 to 2001.

  • Master Circulars (2001 to 1998).

  • Primary Dealers (Notifications / Circulars / Directions - 2001 to 1998.)

  • Non-Banking Financial Companies (Notifications / Circulars / Directions - 2001 to 1998).

  • Master Circulars issued by Department of Banking Operations and Development.

  • Circulars issued by Department of Banking Operations and Development from January 01, 1998 to June 30, 2001.

  • FEMA (Complete; Updated till January 2003).

  • Exchange Control Manual (Complete).

  • Pius Free Upgrade on CD for Notification / Circulars / Directions issued in 2003/04.

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Reports on Corporate Governance Reports on Corporate Governance
  • Report of the Committee on Regulation of Private Companies and Partnership (Naresh Chandra Committee-II, July, 2003).

  • The Report of the SEBI Committee on Corporate Governance
    (Feb. 8, 2003).

  • Report of the Naresh Chandra Committee on Corporate Audit and Governance (Dec. 23, 2002).

  • Report of the Consultative Group of Directors of Banks/Financial Institutions (April 2002).

  • Report of the Advisory Group on Corporate Governance: Standing Committee on International Financial Standards and Codes
    ( March 24, 2001).

  • Report of the Task Force on Corporate Excellence through Governance (Nov. 20, 2000).

  • Report of the SEBI Committee on Corporate Governance
    (Chairman : Kumar Mangalam Birla), May 7, 1999.

  • Desirable Corporate Governance: A Code (April, 1998).

  • Sarbanes Oxley Act, 2002.

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Reports on Investment Approval and FDI in India Reports on Investment Approval and FDI in India
  • Report on Reforming Investment Approval and Implementation Procedures
      
    Part I: Investment Approval Procedures – Government and
    Public Sector Projects (Secretariat for Industrial
    Assistance; May 2002)

    Part II: Downstream Issues – Implementation and   Operation (Secretariat for Industrial Assistance; November 2002)

  • Parliamentary Standing Committee Report on Foreign Direct Investment (Rajya Sabha Secretariat, New Delhi, May 2003)

  • Report of the Committee on Compilation of Foreign Direct Investment in India (Reserve Bank of India; October, 2002)

    Technical Monitoring Group on Foreign Direct Investment: First Action Taken Report (Reserve Bank of India; June, 2003)

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Money and Banking Money and Banking
By A. VASUDEVAN

The Reserve Bank of India has promoted research right from the early years of its existence. Excellent research papers have been prepared by some of the outstanding economists of the Bank. Barring exceptions, the invaluable research embodied in these papers has not been ‘widely’ disseminated.
Former Executive Director, Dr. A. Vasudevan has utilized his lifetime of experience at the central bank to painstakingly edit the present collection of research papers (organised under four sections) with a comprehensive introduction.

According to Dr. Vasudevan “The objective of the volume is not to include articles in a large number of areas but to include only those that focus on money, monetary policy and banking issues — areas in which the Reserve Bank’s expertise is widely recognized.”

The 20 chosen research papers included in the volume are contributed by :

D. Ajit, R.D. Bangar, Anupam Basu, Indranil Bhattacharya, B.K. Bhoi, Goutam Chatterjee, Abhiman Das, Narendra Jadhav, Himanshu Joshi, Renu Kohli, K.A. Menon, M.S. Mohanty, Ashok Nag, N. Nagarajan, Michael Debabrata Patra, Sitikantha Pattanaik, C. Rangarajan, D.C. Rao, Deba Prasad Rath, Mridul Saggar, Y.S.R. Sarma (late), Indranil Sengupta, Anoop Singh, A. Vasudevan, T.R. Venkatachalam, and Ghanshyam Upadhyay.

Dr. C. Rangarajan’s foreword to this volume adequately highlights its unique importance — a fact also echoed in the comments of two other distinguished experts, namely Professor R. Radhakrishna and Professor D.M. Nachane.

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World Trade and Development Report 2003 World Trade and Development Report 2003
Reports Prepared By RIS

The World Trade and Development Report 2003 examines the trends and asymmetries in the emerging multilateral trading system from a development perspective. It also outlines an agenda for developing countries for the Cancun Ministerial and beyond to restore the development focus and - more importantly - popular confidence in the multilateral trading system.

The Report argues that the trade liberalization should be seen as a ‘means’ and not the ‘end by itself’. The ‘end’ beyond any doubt should be sustainable development in all parts of the world, with principles of efficiency and equity providing the basis.

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India's Agrarian Structure, Economic Policies and Sustainable development India's Agrarian Structure, Economic Policies, and Sustainable Development
By VS VYAS

The book contains a message of hope in relation to India's agricultural future. It outlines policy initiatives which can help to improve the productivity, profitability and sustainability of our major farming systems.

Prof. V.S. Vyas's intimate knowledge of the agricultural progress and problems of Asian countries in general and India in particular, makes the book, Agrarian Structure, Economic Policies and Sustainable Development an authoritative source of information and analysis relevant to the formulation of strategies and policies for launching an ever-green revolution movement in Asia.

--

M S SWAMINATHAN
UNESCO Cousteau Chair in Ecotechnology  and
Chairman, M S Swaminathan Research Foundation, Chennai

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India's Economy Some Issues and Answers India's Economy  Some Issues and Answers
By SHANKAR ACHARYA

Has India's economic growth slowed down in the last five years? If so, why? What should be done to revive Industry ? Why is Agriculture limping and how can the sector be revitalized? Can the Services sector alone assure fast economic growth for the country? Is the Tenth Plan growth target of 8 percent per annum achievable? Or is it a pie in the sky? What's wrong with our Health services? Do fiscal deficits hurt growth? How? How much damage did the last Pay Commission wreak? What can Governments do to improve the nation's fiscal health? Did the last Budget help or hinder progress? What's the best recipe for tax reform? What's wrong with our banking system? What should we do to fix it? Why is foreign investment lukewarm to India? What must we do to change that? Are we serious about reaping the fruits of Globalization? Why are our external finances strong when domestic finances are weak? Can good economic policies be crafted without good technocrats? What's the solution to urban decay?
These are all important and live issues in today's India. This book offers some answers.

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Indian Economy Documents Yearbook 2003

 

Indian Economy Documents Yearbook 2003
>130 important, recent reports and documents in full-text on CD-Rom that offers :
  • user-friendly browsing
  • instant retrieval
  • versatile multi-level search
  • easy printout option
  • portability / compact storage

... all at one place !

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Protecting Foreign Investment Protecting Foreign Investment
Implication of a WTO Regime and Policy Options
By CARLOS M CORREA & NAGESH KUMAR
Despite the mounting criticism that globalization is encountering, the developed countries continue to lose no opportunity to change the rules of the global economy in their favour, regardless of the impact on developing countries and the poor. This book examines one of the most important instances of this: the rich countries' insistence that the WTO not only launch a new round of the world trade negotiations but the rules which were supposed to be confined to trade issue now be extended by means of new agreements protecting foreign direct investment. What is being proposed would be at the expense of the freedom of developing countries to determine their own policies towards foreign capital in tune with their development policy objectives.

Protecting Foreign Investment provides invaluable information and analysis for diplomats and trade negotiators, policy makers and scholars, as well as civil society activists concerned with the impact of TNC investments on Development.

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Report of the Steering Group on Foreign Direct Investment Report of the Steering Group on
Foreign Direct Investment

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India's Manufacturing Sector India's Manufacturing Sector - Policy Framework

This publication, a first of its kind, brings together 3 top-ranking independent reports, outlining a comprehensive manufacturing policy framework for India. Painstakingly prepared by three of the most respected institutions, namely : Andersen Business Consulting, IIM - (Lucknow) and IIT - (Madras). these full-length reports are certainly expected to contribute significantly towards orchestrating the formulation of the much needed National Manufacturing Sector Policy for India.

Released by Hon'ble Shri A.B. Vajpayee, The Prime Minister of India on May 24, 2003

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Successful Governance Initiatives and Best Practices Successful Governance Initiatives and Best Practices

This document has been prepared by the State Plans Division of the Planning Commission (Government of India) in collaboration with the Human Development Resource Centre (HDRC), United Nations Development Programme, (UNDP) New Delhi. It is a compilation of successful Government initiatives from across the country. This volume contains cases under three sections — Land, Water and Livelihood; Human Development and Social Services; and Public Interface with Government. An attempt has been made to highlight the operating mechanisms and the key strengths that have contributed towards their success. The objective of this document is to facilitate inter-state comparisons and encourage the replication of these initiatives in other parts of the country.

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India's Economic Reforms and Development India's Economic Reforms and Development
By A. VAIDYANATHAN

Rapid economic growth and eradication of abject poverty have been the core concerns of India’s polity and government throughout the last five decades. Coordinated planning with the state playing the leading role in initiating and regulating the process of development in pursuit of these objectives has been a distinctive feature. Specific targets, perceptions of the problems involved and their solutions have been changing over time. The essays in this collection provide an overview of evolution of this process culminating in the far-reaching reorientation of strategy and policies during the nineties and a critical assessment of their rationale, implementation and impact from the political economy perspective.

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Reports on India's Tax Reforms Reports on India's Tax Reforms
  • Report of the Task Force on Direct Taxes
    Chairman : Vijay L. Kelkar, Ministry of Finance and Company Affairs, Govt. of India, December 27, 2002
  • Report of the Task Force on Indirect Taxes
    Chairman : Vijay L. Kelkar, Ministry of Finance and Company Affairs, Govt. of India, December 26, 2002
  • Report of the Advisory Group on Tax Planning and Tax Administration for the Tenth Plan
    Chairman : Parthasarathy Shome, Planning Commission, Govt. of India, May 2001
  • Report of the Tax Reforms Committee - I
    (summery) Chairman : Raja J. Chelliah, 1992
  • Report of the Tax Reforms Committee - II
    (summery) Chairman : Raja J. Chelliah, 1993
  • Consultation Papers : Task Force on Direct and Indirect Taxes
    Chairman : Vijay L. Kelkar, Ministry of Finance and Company Affairs, Govt. of India, November 2, 2002
  • Indian Public Finance Statistics : 2001-02
    Ministry of Finance, Govt. of India, June, 2002

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Report of the Committee on India Vision 2020 Report of the Committee on India Vision 2020
  • Report of the the Committee on India Vision : 2020
    (The Complete Report)
    Chairman : S.P.Gupta   
    Planning Commission, Government of India.

  • Andhra Pradesh : Vision 2020
    Government of Andhra Pradesh

  • Assam : Vision 2025
    Government of Assam

  • Chhattisgarh : Vision 2010
    Government of Chhattisgarh

  • Jharkhand : Vision 2010
    Government of Jharkhand

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Economic Reforms and Rural Development in India Economic Reforms and Rural Development in India
In this book, Prof. G. Parthasarathy has rigorously analysed the pros and cons of structural adjustment and liberalisation policies and empirically examined its effects on rural development at national and state level, in terms of agricultural growth, employment oppor-tunities, wages and reduction in rural poverty.

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India's Development Scenario India's Development Scenario (A set of 2 Volumes)  
Author : K.C. PANT

This publication - a set of two volumes authored by none other than K.C. Pant (Deputy Chairman Planning Commission, Government of India) - provides an all comprehensive picture of India's  development experience during the last 50 years of planning and a vision for the future. Ninety-six chapters, in eleven sections, covering both the 'macro aspects' and 'sectoral aspects' of development, provides the reader insights into the development experience of the Indian Economy, particularly since the period of economic reforms, and also a vision for the next decade and beyond.

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Central Banking for Emerging Market Economies Central Banking For Emerging Market Economies  
Author : A. VaSUDEVAN

 

“...Vasudevan's treatise is a delightful read for all who are seriously interested in central banking. I enjoyed the intellectual prowess of the writer.”

— A.S. Jayawardena
Governor, Central Bank of Sri Lanka, Colombo

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Reports on India's Power Sector Reports on India's Power Sector   
  • Blueprint for Power Sector Development in India Vision 2012 - Power for All
    (Ministry of Power, Government of India, August 2001)

  • Distribution Policy Committee Report
    (Ministry of Power, Government of India, March 2002)

  • Report of the Expert Group on Settlement of SEB Dues
    (Chairman : Montek S. Ahluwalia, May 2001)

  • Report of the Expert Group on Restructuring of SEBs
    (Chairman : Montek S. Ahluwalia, July 2001)

  • Electricity Bill — 2001

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Labour and Employment Reports of the National Commissions on Labour  
2002-1991-1967
  • Report of the National Commission on Labour : 2002
    (The Complete Report)

  • Report of the National Commission on Labour :1967
    (Main Conclusions and Recommendations)

  • Report of the National Commission on Rural Labour :1991
    (Main Conclusions and Recommendations)

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Labour and Employment Labour and Employment

Planning Commission Reports on
Labour and Employment

  • Report of the Task Force on Employment Opportunities
    Chairman : Montek S. Ahluwalia

  • Report of the Steering Committee on Labour and Employment for the 10th Five Year Plan(2002-07)
    Chairman : S.P. Gupta

  • Report of the Special Group on Targeting Ten Million Employment Opportunities Per Year Over the 10th Plan Period
    Chairman : S.P. Gupta

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A Decade of Economic Reforms in India A Decade of Economic Reforms in India
Editors :  RAJ KAPILA & UMA KAPILA;

Authors/Contributors include : • A. Vaidyanathan • N.A. Mujumdar • K.C. Pant 
• C.H. Hanumantha Rao • C. Rangarajan • Anil Sharma 
• G. Parthasarathy • Ashok Gulati • Jagdish Capoor 
• V.S. Vyas • P.S. George • P.D. Jeromi 
• Madhav Gadgil • V.M. Rao • Ghate Utkarsh 
• Y.V. Reddy • Sudha Narayanan • B.V. Patil 
• S.K. Ray • B. Sambi Reddy • Shameem

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Indian Agriculture in the Changing Environment (Set of 2 Volumes) Indian Agriculture in the Changing Environment (Set of 2 Volumes)
Editors :  RAJ KAPILA & UMA KAPILA;

..Now that ten years have passed, one may ask : Were the reforms done right ? Could they have been better ? What have been the flaws ? Where have we gone wrong ? What is to be the agenda for the second generation reforms ? This volume is an attempt to provide insights into these questions in the writings of eminent economists. They include : C. Rangarajan, Ashok V. Desai, Bimal Jalan, Jagdish Bhagwati, Kirit Parikh, Y.V. Reddy, Raja Chelliah, Montek S. Ahluwalia, Vijay Kelkar, V.S. Vyas, Murasoli Maran, Nagesh Kumar, Rajesh Chadha, Ratna Reddy and Ajay Shah.

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Financial Sector Reforms and India’s Economic Development

Financial Sector Reforms and India’s Economic Development (Set of 2 Volumes)
By N.A. MUJUMDAR; with a Foreword by : S.S. Tarapore

THE financial sector plays a critical role in the process of economic development. The question naturally arises as to should a country's financial system be developed by relying heavily on the private sector and on market forces, or by active state intervention? The main theme that emerges form the analysis in these two volume is that in a developing country like India, the growth of the financial system can be divided into three faces. The first phase is characterised by active state intervention with a view to building up the institutional infrastructure. Developing countries are in a hurry to catch up with modern banking, and developments in money and capital markets; and have cannot afford to wait for the spontaneous or autonomous growth of the financial system to take place. This process of hurried growth may give rise to some distortions; and the system may also end up being over regulated. The second phase would, therefore, be a phase of deregulation, of rationalisation and simplification of controls, a phase need to be corrected. It is only after the system settles down to a new equilibrium in an environment of a good degree of a autonomy for different financial institutions can be being to think in terms of the third phase of total liberalisation 

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India's Banking & Finance Sector in the New Millennium (Set of 2 Volumes)
Editors :  RAJ KAPILA & UMA KAPILA;

A galaxy of eminent economists and financial experts including top bankers, have authored brilliant writings which appear as various chapters of these two volumes – that together present, crisp and authoritative overview of some of the latest and the most challenging issues...



Ecological Economics for Sustainable Development Ecological Economics for Sustainable Development

 Authors/Contributors include : •Kanchan Chopra •Charles Perrings  •U.R. Rao •Kirit Parikh •C.H. Hanumantha Rao

With the increasing rates of economic growth, it becomes imperative to examine, analyse and document likely impacts on the state of health of natural resources and the environment. At the international level, such debate in the eighties led to the emergence of the notion of "sustainable development". However , the question that has exercised the minds of a large number of persons at different points of time is : What does sustainable development mean for a low income, densely populated country eager to get on with growth and development? Is it just another word coined by developed countries and relevant only to them while we continue to follow whatever development path we determine for ourselves consigning such issues to a distant future? Or is it that the concept can reflect aspects of a new paradigm of development? Perhaps as late-comers to development, we can and should think of opportunities that we have of avoiding mistakes committed by industrial nations in the course of the last two hundred years and using our natural and environmental resources more prudently?

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Indian Economy Document Library
more than 175 
important documents !
over 20,000 pages... retrievable in seconds !

Here's a single CD (compact disc) that contains      full-text of a large collection of important Reports, Policy Documents, and Discussion Papers relating to various aspects of India's economy, especially : Industry, Finance, Banking, Capital Markets, Infrastructure, Agriculture, Economic Policy and Planning — as they have emerged through a whole decade of economic reforms.

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India’s Economy in the 21st Century India’s Economy in the 21st Century

Editors :

Raj Kapila & Uma Kapila
This recently released edited volume comprises a select collection of analytical articles on the subject authored by eminent economists / scholars  including : C. Rangarajan, Montek S. Ahluwalia, Bimal Jalan, Vijay L. Kelkar, Rakesh Mohan, Shankar Acharya, V.S. Vyas, N.A. Mujumdar, Y.V. Reddy, S.S. Tarapore, K.C. Pant, Nagesh Kumar...

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Economic Developments in India : Monthly Update Volume-117 Economic Developments in India :Monthly Update Vol-117
Analysis, Reports, Policy Documents
Editors :  Raj Kapila & Uma Kapila

Continuing Series

12 volumes being published every year (eversince 1998), Economic Developments in India (EDI) is a unique monthly publication in hard-bound, book-format accompanied by a user-friendly CD. Each volume carries analytical articles authored by eminent economists/experts, along with important Reports & Documents prepared by government/non-govt. organisations in India and abroad. A total of 112 volumes have been published till date, while the 113th  volume is in press. This continuing series is generally available through ‘annual subscription’.
 

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b. About a Specific Volume


Academic Foundation's Bulletin on Banking & Finance Academic Foundation's Bulletin on Banking & Finance
Editors :  Sona Kapila

Continuing Series

Each issue of the monthly bulletin is designed to carry, quite comprehensively, the latest available information on the subject in the form of various notifications, circulars, press-releases, etc. issued by RBI, SEBI, Ministry of Finance, and other Govt./semi-Govt. institutions; news, analysis, court judgements, concepts, explanatory notes, and so on, that would be considered not only relevant but extremely useful for day to day reference by all bankers

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b. About a Specific Volume


Understanding India's Economic Reforms Understanding India's Economic Reforms
Authentic, Analytical & Informative Study
Editors :  Raj Kapila & Uma Kapila

6 Volume set

"Everything You Wanted To Know About Reforms :
While there have been a number of publications on India’s experience at reform, seldom has there been a comprehensive effort to catalogue the myriad policy changes, criticisms and new ideas which have occupied India’s economic terrain. The volumes under review seek to accomplish just this in a fine and exquisite fashion.

''The Academic Foundation has put together a set of six volumes which are perhaps the finest companion to understanding the entire process of economic reforms in India. The essays in the volumes cover a huge rubric and indeed, the entire publication is an extremely ambitious and well-crafted venture.

''While the first volume contains the various policy documents of Government of India, the remaining five contain in them articles of exceptional scholastic brilliance....''


— The Hindustan Times
New Delhi

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Indian Economy Update Indian Economy Update
Editors :  Raj Kapila & Uma Kapila

6 Volume set

The content of these 6 volumes is essentially an extension of the previously published and highly acclaimed "classic" publication entitled Understanding Indian Economic Reforms (6 Vols.). These update volumes also form the foundation of the continuing series Economic Developments in India : Monthly Update...

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Business Take-Over & The Role of Financial Institutions in India Business Take-Over & The Role of Financial Institutions in India
Malay K. Roy
Many a time, in the fierce takeover battle, financial institutions, the real owners of business, appear to be confused. The question, therefore, arises: what role the financial institutions, as the major shareholders, should play in a take-over battle? This hotly debated issue is further closely associated with another unresolved controversy — what role Government controlled institutions should play in the corporate sector in the given economic set-up of our country? ... and more !

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India's Trade with Japan India's Trade with Japan
Badar Alam Iqbal
This collection of fifteen short stories is the author’s third volume of short fiction. She employs a variety of themes such as marriage, love, disappointment, dreams of liberation, etc., to show a complex web of human relationships at work. ....Unlike the traditional form of the short story which encompassed a neat plot with a surprise ending or a climax which left the reader with a sense of shock of the unexpected, today’s short story has undergone a protean change in its episodic form and open ending. In the place of a neat plot what we have is a sense of the fragmentariness of moments. It is this fragmentariness of modern life and the absence of any sense of a holistic world view that these 15 stories try to imply.

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Financial Economics of Bonus Shares Financial Economics of Bonus Shares
S. Narasimha Sarma

The focus of this study is on analysing the query: do bonus shares have any causative implications for the changes in share prices ? This includes an analysis of the characteristic features of the bonus issues made by the Indian private corporate sector and the post-bonus dividend changes.
This study analysis post-bonus-dividend tracks of 415 bonus issues of 249 companies. 

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Econometric Studies of Economic Reforms in India Econometric Studies of Economic Reforms in India
V.V.N. Somayajulu
Foreword by : C. Rangarajan
Invited Lectures by : N.S Iyengar, C.H. Hanumantha Rao, Arjun Sengupta, R. Radhakrishna
The Econometric studies dealing with various aspects of micro and macro sectors Physical, Monetary, Trade and Services — of the Indian economy, brought together in this volume, should be of special importance to economic practitioners — researchers, teachers, students and policy-makers.
This edited volume comprises articles contributed by as many as 50 economists/scholars on this subject.

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Inter-Sectoral Relationships in a Developing Economy Inter-Sectoral Relationships in a Developing Economy
R. Thamarajakshi

THIS book is a pioneering and pathbreaking study on inter-sectoral relationships in a developing economy. The study is based on India’s experience in the last four decades and covers a wide canvas of these relationships viz. product flows for intermediate and final uses; trends and changes in sectoral patterns of investment; outputs and work force; marketed surplus of agriculture and inter-sectoral terms of trade (net barter terms of trade and income terms of trade). 
The book will be of immense use to students of development economics, researchers and policy makers handling not only agricultural price policy but also sectoral policies in general.

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Emerging Trends In Indian Marketing in the 1990s Emerging Trends In Indian Marketing in the 1990s
Edited by : S.C. Sahoo & P.K. Sinha

Eleven management & marketing scholars/ experts have contributed to this edited volume which examines the following aspects in 14 chapters:  dimensions of Future Marketing — ;1990s' Indian Markets; Towards New Horizons in Marketing Consumerism — challenges and tasks for Nineties; Rural Market growth & challenge; Rural Consuming Systems evolving and emerging; Export Markets emerging trends; Small Scale Industries export marketing; Marketing Research new emerging trends; Mass Communication the role of Indian Consumer; Promotion in new emerging trends; POP Display — wooing Shelf Area Strategies for Future; Bank Marketing challenges for Nineties; Conserver Marketing for sustainable development; Ecological perspectives of Marketing in the 1990s; New Horizons in Marketing 

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Banking & Financial Sector Reforms in India Banking & Financial Sector Reforms in India 
Editors :  Raj Kapila & Uma Kapila

6 Volume set

The set of 6 hard-bound volumes quite comprehensively discusses issues and developments relating to the first phase of reforms in the banking and financial sector. These edited volumes make available choicest analytical articles on the subject along with most relevant set of reports and documents.

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Ongoing Developments in Banking & Financial Sector Ongoing Developments in Banking & Financial Sector
Editors :  Raj Kapila & Uma Kapila

4 Volume set

Life at the Top of the Bottom : Many of the observations made by the renowned Author in this collection of humorous pieces (50 mini essays) about America were symptoms of the failures of the Reagan-Bush era.

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