A common critique of globalization is that it causes economic segmentation and even disintegration of the national economy. Quite to the contrary, Baldev Raj Nayar provides a thorough empirical treatment of India's political economy that challenges this critique by demonstrating that, on balance, both state and market have functioned to attenuate such a disintegrative impact and to accentuate economic integration. The active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform has resulted in improved economic integration and not increased segmentation. Similarly, his investigation of trade, investment, entrepreneurship, and migration suggests tendencies inherent in the market in favor of economic integration, especially when assisted by the state. Nayar's findings lead to the conclusion that, while globalization both offers benefits such as higher economic growth and involves costs like external shocks, India's overall experience since its economic opening in 1991 reveals that India has benefited from globalization rather than having been victimized by it.

"Globalization and India's Economic Integration" shows how globalization's pressures favoring efficiency paradoxically induced the state to push for consolidation on a pan-Indian scale in the area of fiscal federalism and to advance the cause of the common market through reforming the indirect tax system; meanwhile, the state has pressed forward with social inclusiveness as never before in its economic planning. For another, the market, too, has been instrumental, because of its widened scope and its inherently expanding character, in strengthening economic integration through trade expansion, diffusion of industry, and increased inter-state migration. Nayar's groundbreaking work will interest students, scholars, and specialists of India, South Asia, globalization, and political economy.

This full-scale study of Punjabi politics since Indian Independence in 1947 considers the major political problem confronting virtually every new nation: how to create a functioning political system in the face of divisive internal threats. Originally published in 1966. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Two highly regarded scholars come together to examine Indiaas relationship with the worldas major powers and its own search for a significant role in the international system. Central to the argument is Indiaas belief that the acquisition of an independent nuclear capability is key to obtaining such status. The book details the major constraints at the international, domestic and perceptual levels that India has faced in this endeavor. It concludes, through a detailed comparison of Indiaas power capabilities, that India is indeed a rising power, but that significant systemic and domestic changes will be necessary before it can achieve its goal. The book examines the prospects and implications of Indiaas integration into the major-power system in the twenty-first century. Given recent developments, the book is extremely timely. Its incisive analysis will be illuminating for students, policy makers, and for anyone wishing to understand the region in greater depth.

This full-scale study of Punjabi politics since Indian Independence in 1947 considers the major political problem confronting virtually every new nation: how to create a functioning political system in the face of divisive internal threats. Originally published in 1966. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Two highly regarded scholars come together to examine Indiaas relationship with the worldas major powers and its own search for a significant role in the international system. Central to the argument is Indiaas belief that the acquisition of an independent nuclear capability is key to obtaining such status. The book details the major constraints at the international, domestic and perceptual levels that India has faced in this endeavor. It concludes, through a detailed comparison of Indiaas power capabilities, that India is indeed a rising power, but that significant systemic and domestic changes will be necessary before it can achieve its goal. The book examines the prospects and implications of Indiaas integration into the major-power system in the twenty-first century. Given recent developments, the book is extremely timely. Its incisive analysis will be illuminating for students, policy makers, and for anyone wishing to understand the region in greater depth.

This volume-in the Themes in Politics series-asks three important questions: What is the nature of the phenomenon under study? What are the causes of this pattern or phenomenon? What are its consequences? In addition, it asks what policies that would accentuate or attenuate the consequences? These questions form the overarching framework of this reader. The introduction provides a broad overview of the nature and development of economic globalization and India's experience with it. The readings offer a wide range of viewpoints and are organized into five broad sections: the nature of globalization, both in its past and contemporary incarnations; the nature of economic strategy in India that preceded globalization; the shift to economic liberalization and the stimulus for it; the consequences of globalization and liberalization for India in relation to its external setting; and the consequences of these processes for India's domestic situation.