Law and the Economy in a Young Democracy - India 1947 and Beyond (Hardcover)

An essential history of India's economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule. Economists have long lamented how the inefficiency of India's legal system undermines the country's economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under-resourced, making adjudication and contract enforcement slow and costly. Taking this as given, Law and the Economy in a Young Democracy examines the contents and historical antecedents of these laws, including how they have stifled economic development. Economists Roy and Swamy argue that legal evolution in independent India has been shaped by three factors: the desire to reduce inequality and poverty; the suspicion that market activity, both domestic and international, can be detrimental to these goals; and the strengthening of Indian democracy over time, giving voice to a growing fraction of society, including the poor. Weaving the story of India's heralded economic transformation with its social and political history, Roy and Swamy show how inadequate legal infrastructure has been a key impediment to the country's economic growth during the last century. A stirring and authoritative history of a nation rife with contradictions, Law and the Economy in a Young Democracy is essential reading for anyone seeking to understand India's current crossroads-and the factors that may keep its dreams unrealized.

General

Imprint:	University of Chicago Press
Country of origin:	United States
Series:	Markets and Governments in Economic History
Release date:	February 2022
First published:	2021
Authors:	Tirthankar Roy • Anand V. Swamy
Dimensions:	229 x 152 x 28mm (L x W x T)
Format:	Hardcover
Pages:	272
ISBN-13:	978-0-226-79900-1
Categories:	Books > Business & Economics > Economics > Development economics Books > Humanities > History > Asian / Middle Eastern history > General Books > Humanities > History > World history > From 1900 > Postwar, from 1945 Books > History > Asian / Middle Eastern history > General Books > History > World history > From 1900 > Postwar, from 1945 Promotions
LSN:	0-226-79900-X
Barcode:	9780226799001

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