简介
Summary:
Publisher Summary 1
India is not only the world's largest and fiercely independent democracy, but also an emerging economic giant. But to date there has been no comprehensive account of India's remarkable growth or the role policy has played in fueling this expansion. India: The Emerging Giantfills this gap, shedding light on one of the most successful experiments in economic development in modern history.
Why did the early promise of the Indian economy not materialize and what led to its eventual turnaround? What policy initiatives have been undertaken in the last twenty years and how do they relate to the upward shift in the growth rate? What must be done to push the growth rate to double-digit levels? To answer these crucial questions, Arvind Panagariya offers a brilliant analysis of India's economy over the last fifty years--from the promising start in the 1950s, to the near debacle of the 1970s (when India came to be regarded as a "basket case"), to the phenomenal about face of the last two decades. The author illuminates the ways that government policies have promoted economic growth (or, in the case of Indira Gandhi's policies, economic stagnation), and offers insightful discussions of such key topics as poverty and inequality, tax reform, telecommunications (perhaps the single most important success story), agriculture and transportation, and the government's role in health, education, and sanitation.
The dramatic change in the fortunes of 1.1 billion people has, not surprisingly, generated tremendous interest in the economy of India. Arvind Panagariya offers the first major account of how this has come about and what more India must do to sustain its rapid growth and alleviate poverty. It will be must reading for everyone interested in modern India, foreign affairs, or the world economy.
An EconomistBest Book of 2008.
目录
Contents 10
Prime Ministers of India 12
Introduction 14
Part I. Growth and Economic Reforms 32
1. Distinguishing Four Phases 34
2. Phase I (1951\u201365): Takeoff under a Liberal Regime 53
3. Phase II (1965\u201381): Socialism Strikes with a Vengeance 78
4. Phase III (1981\u201388): Liberalization by Stealth 109
5. Phase IV (1988\u20132006): Triumph of Liberalization 126
6. A Tale of Two Countries: India and the Republic of Korea 141
Part II. Poverty, Inequality, and Economic Reforms 158
7. Declining Poverty: The Human Face of Reforms 160
8. Inequality: A Lesser Problem 188
Part III. Macroeconomics 200
9. Deficits and Debt: Is a Crisis around the Corner? 202
10. The External Sector: On the Road to Capital Account Convertibility? 222
11. The Financial Sector: Why Not Privatize the Banks? 245
Part IV. Transforming India 288
12. International Trade: Carrying Liberalization Forward 290
13. Industry and Services: Walking on Two Legs 313
14. Modernizing Agriculture 342
Part V. The Government 358
15. Tax Reform: Toward a Uniform Goods and Services Tax 360
16. Tackling Subsidies and Reforming the Civil Service 382
17. Telecommunications and Electricity: Contrasting Experiences 401
18. Transportation: A Solvable Problem 427
19. Health and Water Supply and Sanitation: Can the Government Deliver? 446
20. Education: Expenditures or Transfers? 463
Appendix 1: Industrial Policy 1990 486
Appendix 2: Deriving the Savings-Investment Identity 491
Notes 493
References 515
Index 532
A 532
B 533
C 533
D 535
E 535
F 536
G 537
H 537
I 538
J 539
K 539
L 540
M 540
N 541
O 541
P 541
R 542
S 543
T 544
U 545
V 545
W 545
Y 545
Z 545
Prime Ministers of India 12
Introduction 14
Part I. Growth and Economic Reforms 32
1. Distinguishing Four Phases 34
2. Phase I (1951\u201365): Takeoff under a Liberal Regime 53
3. Phase II (1965\u201381): Socialism Strikes with a Vengeance 78
4. Phase III (1981\u201388): Liberalization by Stealth 109
5. Phase IV (1988\u20132006): Triumph of Liberalization 126
6. A Tale of Two Countries: India and the Republic of Korea 141
Part II. Poverty, Inequality, and Economic Reforms 158
7. Declining Poverty: The Human Face of Reforms 160
8. Inequality: A Lesser Problem 188
Part III. Macroeconomics 200
9. Deficits and Debt: Is a Crisis around the Corner? 202
10. The External Sector: On the Road to Capital Account Convertibility? 222
11. The Financial Sector: Why Not Privatize the Banks? 245
Part IV. Transforming India 288
12. International Trade: Carrying Liberalization Forward 290
13. Industry and Services: Walking on Two Legs 313
14. Modernizing Agriculture 342
Part V. The Government 358
15. Tax Reform: Toward a Uniform Goods and Services Tax 360
16. Tackling Subsidies and Reforming the Civil Service 382
17. Telecommunications and Electricity: Contrasting Experiences 401
18. Transportation: A Solvable Problem 427
19. Health and Water Supply and Sanitation: Can the Government Deliver? 446
20. Education: Expenditures or Transfers? 463
Appendix 1: Industrial Policy 1990 486
Appendix 2: Deriving the Savings-Investment Identity 491
Notes 493
References 515
Index 532
A 532
B 533
C 533
D 535
E 535
F 536
G 537
H 537
I 538
J 539
K 539
L 540
M 540
N 541
O 541
P 541
R 542
S 543
T 544
U 545
V 545
W 545
Y 545
Z 545
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