000			01362nam a22001457a 4500
999			_c521121 _d521121
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100			_aMukherjee, Bipul Biplav _936265
245			_aRising state capitalism: Opportunities and challenges for India
260			_aWorld Affairs
300			_a26(3), Jul-Sep, 2022: p.10-27
520			_aIn 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
773			_aWorld Affairs
906			_aECONOMIC DEVELOPMENT
942			_cAR