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Globalisation, Democracy and Corruption: An Indian Perspective

 
Pranab Bardhan (Author)
Synopsis

A compilation of articles and commentaries on contemporary issues concerning Globalisation, Capitalism, Inequality and Poverty, Democracy, India-China comparative perspectives, and Corruption, and other topical issues of Indian Polity and Economy, is the culmination of reflections the author made over the last decade in different popular outlets. Globalisation, neither a plague nor a panacea, makes Bardhan's approach stand out among the contentious debates in both media and academia. Within this framework, the discourse further probes into how economic globalisation which can address the problem of poverty has affected wages, incomes and access to resources for the poorest people in India and abroad. Like globalisation, democracy too, despite rhetoric, does not offer magic solutions. Democracy often encourages popular movements against capitalist excesses, and experiences more intense pressure to share the benefits of development among the people, but it also leads to competitive populism and is subject to capture by oligarchic interests. Similarly, the long-term prospects of Indian capitalism, as Bardhan investigates, call for a great deal of structural and political overhauling to be sustainably useful. Corruption, especially in developing economies like India and China, is indeed a hurdle standing in the way of development. In spite of pervasive corruption, the author addresses the question as to how and how far the Chinese economic performance has been better than India's. A perfect blend of an economist's insight and field experience based analysis offering guidelines for political opportunities to mitigate social inequalities and for broad-based development, this volume is an invaluable companion for the policymakers, academia and the general readership as well.

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About the author

Pranab Bardhan

Pranab Bardhan is Professor of Economics at the University of California, Berkeley, and co-chair of the MacArthur Foundation-funded Network on the Effects of Inequality on Economic Performance. He has done theoretical and field research on rural institutions in poor countries, political economy of development policies, and international trade. He was chief Editor, Journal of Development Economics, 1985-2003. His books include Poverty, Agrarian Structure, and Political Economy in India: Selected Essays, 2003; Development Microeconomics, 1999.

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Bibliographic information

Title Globalisation, Democracy and Corruption: An Indian Perspective
Format Softcover
Date published: 25.08.2015
Edition 1st. ed.
Publisher Frontpage
Language: English
isbn 9789381043172
length x+250p., 22cm.