Description
This book is about the economic reforms that were started in India in 1991 by the new Prime Minister Rao. The book is written by Jagdish Bhagwati and it provides a detailed analysis of the policies that led to India's poor economic performance over the past three decades. Bhagwati argues that the inward-looking, bureaucratic regime that grew to Kafkaesque dimensions was the main reason for India's economic problems. The reforms that were started in 1991 were a result of this analysis and they have since helped India to become one of the world's most successful economies.
Jagdish Bhagwati, one of the world's leading economists, offers a fascinating overview of the policies that produced India's sorry economic performance over a third of a century. His analysis puts into sharp focus the crippling effects of the inward-looking, bureaucratic regime that grew to Kafkaesque dimensions, starting in the early 1950s. It provides a coherent and convincing rationale for the economic reforms begun in June 1991 by the new government of Prime Minister Rao. These reforms are set into historical and analytical perspective. Written with wit and elegance, this text of the 1992 Radhakrishnan Lectures at Oxford has quickly gained a wide readership.
Related Products
