India: The Emerging Giant
 | |
| Author | Arvind Panagariya |
|---|---|
| Subject | Economy of India |
| Publisher | Oxford University Press |
Publication date | 2008 |
| Publication place | United States |
| Pages | 514 |
| ISBN | 978-0-19-531503-5 |
| LC Class | HC435.3P36 2007 |
India: The Emerging Giant is a 2008 book by Arvind Panagariya which describes the contemporary state of the economy of India.
Synopsis by chapter
[edit]Each chapter has a main topic and a set of essays on different aspects of that main topic.
Growth and Economic Reforms
[edit]Distinguishing Four Phases
[edit]This chapter is divided into these parts:
- Phase I (1951–65): Takeoff under a Liberal Regime
- Phase II (1965–81): Socialism Strikes with a Vengeance
- Phase III (1981–88): Liberalization by Stealth
- Phase IV (1988-2006): Triumph of Liberalization
- A Tale of two Countries:India and the Republic of Korea
Poverty, Inequality, and Economic Reforms
[edit]This chapter is divided into these parts:
- Declining Poverty: The Human Face of Reforms
- Inequality: A Lesser Problem
Macroeconomics
[edit]This chapter is divided into these parts:
- Deficits and Debt: Is a Crisis around the Corner?
- The External Sector: On the Road to Capital Account Convertibility?
- The Financial Sector: Why Not Privatize the Banks?
Transforming India
[edit]This chapter is divided into these parts:
- International Trade: Carrying Liberalization Forward
- Industry and Services: Walking on Two Legs
- Modernizing Agriculture
The Government
[edit]This chapter is divided into these parts:
- Tax Reform: Toward a Uniform Goods and Services Tax
- Tackling Subsidies and Reforming the Civil Service
- Telecommunications and Electricity: Contrasting Experiences
- Transportation: A Solvable Problem
- Health and Water Supply and Sanitation: Can the Government Deliver?
- Education: Expenditures or Transfers?
Reviews
[edit]Nandan Nilekani said that in this book the author has "so convincingly argued (that) open policies and rapid economic growth are the best antidotes for poverty reduction."[1]
The review in Foreign Affairs said, "This is a massive research study that will command the respect of scholars who like to pore over tables, graphs, and charts in search of patterns and connections in the data."[2]
Economist Sally Razeen said that by this book, "Arvind Panagariya has written probably the best all-around, up-to-date, and accessible book on the Indian economy."[3]
References
[edit]- ^ "Oxford University Press: India: Arvind Panagariya". oup.com. 2011. Retrieved 27 October 2011.
- ^ Pye, Lucian W. (May–June 2008). "India: The Emerging Giant". Foreign Affairs (May/June 2008). Council on Foreign Relations. Retrieved 27 October 2011.
- ^ Razeen, Sally (March 2009). "Demystifying the Hype". Finance & Development. 46 (1). International Monetary Fund.