ADM 2341 Lecture Notes - Lecture 10: Infant Industry Argument, Licence Raj, Mixed Economy
9 Mar 2016
School
Department
Course
Professor
Document Summary
A synopsis of the changing political economy of india (p. 38-40) nehru and gandhi made serious policy mistakes; self- reliance; quick industrialization behind high tariff; infant- industry argument. The licence raj , highly bureaucratic; corrupt excessively prolabour policies; militant unions. Gender & ethnic inequalities, also income, wealth inequalities. Other systems (eg. human rights, the extent of the. But every country is in a state of flux, so, impact on costs, benefits, risks of doing business is inescapable and must be seriously considered. Contract law (*) with safeguards: free press; regular elections, universal suffrage, independent legal and court system(s), nonpolitical state bureaucracy, police, army; relatively free access to information (other: separation of state form religion, citizen"s basic rights, etc). Private action (p. 50) theft, privacy, generally criminal activity transferring property. There are many other legal issues that are involved in trade and investment. Eg. transfer pricing taxation of profits currently crucially important. Hdi, more recent concepts quality of life indicators.
