A common critique of globalization is that it causes economic segmentation and even disintegration of the national economy. Baldev Raj Nayar's examination of India's political economy challenges this critique by demonstrating that, on balance, the active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform, and the inherently expanding character of the market in areas such as trade, investment, entrepreneurship, and migration have resulted in improved economic integration and not increased segmentation. While globalization has its benefits, such as higher economic growth, and costs, such as external shocks, Nayar's findings show that India has benefited from globalization more than it has been victimized by it.
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|Size: ||3.0 MB|
|Publisher: ||Georgetown University Press|
|Date published: || 2014|
|ISBN: ||2370007754380 (DRM-EPUB)|
|Read Aloud: ||not allowed|
|This ebook will NOT be sold to customers with a billing address in:|
|Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka|