Rising state capitalism: Opportunities and challenges for India
By: Mukherjee, Bipul Biplav
.
Material type: 
BookPublisher: World Affairs Description: 26(3), Jul-Sep, 2022: p.10-27.
In:
World AffairsSummary: In development theories, the divisions between state and markets are well known. Especially during the Cold War, the Soviet model of a centrally planned economy directed by the state was blamed for the crisis and stagnation, leading to its ultimate dissolution in 1991. Neoliberalism, an ideology that supported the free-market model with minimum government intervention, was seen as a one-stop solution for most economic problems. However, since the 1990s, many countries like Russia, China and India have rejected neoliberal policies and agendas and reverted to the active role of states in fulfilling their development objective. The author has taken the two primary examples of China and the Russian Federation to extend this concept and highlight the critical role of “state capitalism”, which needs to be acknowledged by Indian policymakers to promote India’s economic interest in domestic and international affairs. – Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | 26(3), Jul-Sep, 2022: p.10-27 | Available | AR127683 |
In development theories, the divisions between state and markets are well known. Especially during the Cold War, the Soviet model of a centrally planned economy directed by the state was blamed for the crisis and stagnation, leading to its ultimate dissolution in 1991. Neoliberalism, an ideology that supported the free-market model with minimum government intervention, was seen as a one-stop solution for most economic problems. However, since the 1990s, many countries like Russia, China and India have rejected neoliberal policies and agendas and reverted to the active role of states in fulfilling their development objective. The author has taken the two primary examples of China and the Russian Federation to extend this concept and highlight the critical role of “state capitalism”, which needs to be acknowledged by Indian policymakers to promote India’s economic interest in domestic and international affairs. – Reproduced
There are no comments for this item.