POL328Y1 Lecture Notes - Lecture 21: 1991 Indian Economic Crisis, Devaluation, Neoliberalism
Document Summary
Interaction between politics, economic policy and economy performance certain economic dualism in south asia countries: the political economy of liberalization. In the end most policy makers at the time fell towards nehru"s idea link between ideological, political factors and choices made. Evaluating economic performance (1950-80: criteria for evaluation, colonial era. India was making progression compared to colonial era: other developing countries slow compared to other developing countries in ea [south korea] India performed better than some countries in la and sa but not ea. I(cid:374)dia"s o(cid:449)(cid:374) a(cid:373)(cid:271)itio(cid:374)s: mixed results improvements in growth compared with colonial era, large gap between ambitions and performance, weak compared to other high-gro(cid:449)th ldc"s, disti(cid:374)(cid:272)tio(cid:374) (cid:271)et(cid:449)ee(cid:374) nehru a(cid:374)d i(cid:374)dira ga(cid:374)dhi"s regi(cid:373)es. I(cid:374)dia"s gdp (cid:272)o(cid:373)es fro(cid:373) the ser(cid:448)i(cid:272)e a(cid:374)d s(cid:373)all (cid:373)a(cid:374)ufa(cid:272)turi(cid:374)g. I(cid:374)dia"s de(cid:373)ographi(cid:272) patter(cid:374)s a(cid:374)d manufacturing: very little manufacturing growth, not having employment opportunities could be a potential hinder box in terms.
