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Neoliberal economic reforms over the last four decades have altered
the economic cartography of emerging market economies such as
India, particularly in the context of international trade,
investment and finance, and in terms of their effects on the real
economy. This book examines the issues of financialization,
investment climate and the impact of trade liberalization. By
analysing these three features of neoliberal reform the book is
unique, since it accommodates both a mainstream neoclassical
approach and a non-mainstream political economy approach. The major
questions answered by this book, cover three basic lines of enquiry
pertaining to neoliberal reforms. They are (a) how financialization
as a new process affects the real economic health of emerging
market economies characterized by globalization; (b) how the
changing form of international trade in the new regime impacts upon
the informal economy, and employment and trade potential in the
home country; and (c) how global investment has shaped the real
economy in emerging countries like India. The book will be
extremely useful for postgraduate students of international
economics, particularly development economics and political
economy, including researchers with a keen interest in India.
Neoliberal economic reforms over the last four decades have altered
the economic cartography of emerging market economies such as
India, particularly in the context of international trade,
investment and finance, and in terms of their effects on the real
economy. This book examines the issues of financialization,
investment climate and the impact of trade liberalization. By
analysing these three features of neoliberal reform the book is
unique, since it accommodates both a mainstream neoclassical
approach and a non-mainstream political economy approach. The major
questions answered by this book, cover three basic lines of enquiry
pertaining to neoliberal reforms. They are (a) how financialization
as a new process affects the real economic health of emerging
market economies characterized by globalization; (b) how the
changing form of international trade in the new regime impacts upon
the informal economy, and employment and trade potential in the
home country; and (c) how global investment has shaped the real
economy in emerging countries like India. The book will be
extremely useful for postgraduate students of international
economics, particularly development economics and political
economy, including researchers with a keen interest in India.
Dieses Buch verfolgt einen marxistischen Ansatz mit dem Schwerpunkt
auf der Klasse, um über Marx' Kapital im Kontext des Ostens
nachzudenken. Es nimmt eine kritische Neubewertung einiger
vertrauter Konzepte im Kapital vor und arbeitet Themen heraus, die
an dessen Rand liegen. In verschiedenen Aufsätzen wird dieses
Grenzgebiet erkundet, um neue Konzepte und Analysemethoden für
Marx' Abhandlung im 21. Jahrhundert zu fördern. Jahrhundert
voranzutreiben. Damit stellt es einen Fortschritt in der Marxschen
Theorie und Politik dar. Das Buch untersucht das Kapital von Marx
aus der Perspektive und dem Blickwinkel des Ostens und konzentriert
sich auf viele Themen, die an den "Grenzen" des Kapitals liegen,
das sich hauptsächlich mit der Entschlüsselung des entwickelten
Kapitalismus befasst. Es werden neue Konzepte eingeführt und in
Beziehung zu den von Marx vertretenen gesetzt, um unser
Verständnis von Wirtschaft, Kapitalismus, Entwicklung und Politik
zu verbessern. In dieser Hinsicht bietet das Buch eine Lesart des
Kapitals, die sich von den herkömmlichen Überlegungen in der
westlichen Welt unterscheidet. Der Umfang ist groß und deckt einen
großen Teil des Gebiets von Marx' Kapital ab, wobei auch einige
neue Themen im Zusammenhang mit dem Kapital behandelt werden. Der
Inhalt gliedert sich in die folgenden Abschnitte: Rezeption des
Kapitals im Osten; Wert, Ware, Mehrwert und Kapitalismus;
Bevölkerung und Rente im Kapital; und Fragen jenseits des
Kapitals.
This book offers an analysis of external dimensions of an emerging
economy, India, in the backdrop of neoliberal globalisation.
External dimensions of Indian economy signify her inter-relation
with the rest of the world in terms of trade and financial flows
and how that affects the development process within the country in
the age of neoliberal globalisation. It is based on non-mainstream
unorthodox approach in Economics and as such is a critique of the
mainstream neoclassical position on current neoliberal
globalisation. The contents of the book can be classified into as
follows - (1) India's external dimension in the colonial period
through the trade route ; (2) concerns with India's balance of
payments transactions in terms of illegal flows, (3) political
economy of development planning in the present era of
globalisation, (4) capital flows as it affect the India's external
front, (5) Indian industries under the TRIPs regime, (6) regional
economic integration of India and (7) foreign capital flows in
India during the liberalisation period.
The book is a collection of essays written by scholars of global
repute in honour of Professor Sunanda Sen. Each paper is
well-researched and offers some new dimension to the understanding
of the current global crisis, finance and labour including the
epistemological viewpoints regarding the current global order. The
uniqueness of the book is that in one place one can find different
heterodox positions dealing with the present global order of
finance and labour - post-Keynesian, Marxist etc. The contents of
the book can be classified into three major sections - (1) global
finance dealing with current global crisis; (2)
methodological/epistemological concerns in terms of the global
crisis, and (3) labour in the context of neoliberal global
capitalism characterised by the process of financialisation. The
entire book is an attempt to decipher the meaning and significance
the process of financialisation produces for the real economy. One
of the major conclusions drawn from the different studies in the
book relates to the fact that global finance as it has been shaped
today cannot delinked from the question of labour. The current
global finance regime warrants neoliberal labour flexibility
regime, the latter guaranteeing the necessary surplus generation
for the pervasive finance. This book offers an analysis of current
global crisis relating it to the present-day global finance and
labour in terms of the process of neoliberal financialisation a
flexible labour regime. It is based on non-mainstream heterodox
approach in Economics and as such is a critique of the mainstream
neoclassical position on current global crisis. The contents of the
book will be of immense use to the researchers and students dealing
with current global crisis, global finance and labour.
This book presents a multidimensional perspective on the
interlinkage between human development, community characteristics
and public service delivery with special reference to India. The
chapters in the book analyze the influence of public service
delivery on human development from neo-classical as well as Marxian
point of view. Thus, the expositions in the book provides a
balanced mix of macro and micro approaches in the study of
development. The analytical discussions are supplemented by case
studies and empirical estimates so as to demonstrate the
applicability of the theory and the theoretical discourse about
human development, community network and the success and failures
of critical public services in the Indian context. The methodology
followed in the chapters involves critical survey of existing
literature, case studies, field survey and use of econometric
techniques as well as statistical tools of index construction.
While contributors are primarily scholars from neo-classical
economics discipline, some are intellectuals from the field of
political economy and development studies. Given the wide array of
development perspectives, this book is of interest not only to
students and researcher of development economics, social science
and management, but also a valuable reading for development
practitioners and policy makers, who would be interested in
understanding how community and public institutions interact to
determine access to health, education and social security services
that shapes the wellbeing of disadvantaged populations. The lessons
and implications are extremely pertinent to other emerging
economies, in particular those in South Asia.
This book offers an analysis of external dimensions of an emerging
economy, India, in the backdrop of neoliberal globalisation.
External dimensions of Indian economy signify her inter-relation
with the rest of the world in terms of trade and financial flows
and how that affects the development process within the country in
the age of neoliberal globalisation. It is based on non-mainstream
unorthodox approach in Economics and as such is a critique of the
mainstream neoclassical position on current neoliberal
globalisation. The contents of the book can be classified into as
follows - (1) India's external dimension in the colonial period
through the trade route ; (2) concerns with India's balance of
payments transactions in terms of illegal flows, (3) political
economy of development planning in the present era of
globalisation, (4) capital flows as it affect the India's external
front, (5) Indian industries under the TRIPs regime, (6) regional
economic integration of India and (7) foreign capital flows in
India during the liberalisation period. The entire book is an
attempt to decipher the meaning and significance the process of
globalisation produces for the real economy of India. The
uniqueness of the book is that in one place one can find different
unorthodox positions dealing with the external dimensions of
emerging India, which cannot be found in any other book.
The book is a collection of essays written by scholars of global
repute in honour of Professor Sunanda Sen. Each paper is
well-researched and offers some new dimension to the understanding
of the current global crisis, finance and labour including the
epistemological viewpoints regarding the current global order. The
uniqueness of the book is that in one place one can find different
heterodox positions dealing with the present global order of
finance and labour - post-Keynesian, Marxist etc. The contents of
the book can be classified into three major sections - (1) global
finance dealing with current global crisis; (2)
methodological/epistemological concerns in terms of the global
crisis, and (3) labour in the context of neoliberal global
capitalism characterised by the process of financialisation. The
entire book is an attempt to decipher the meaning and significance
the process of financialisation produces for the real economy. One
of the major conclusions drawn from the different studies in the
book relates to the fact that global finance as it has been shaped
today cannot delinked from the question of labour. The current
global finance regime warrants neoliberal labour flexibility
regime, the latter guaranteeing the necessary surplus generation
for the pervasive finance. This book offers an analysis of current
global crisis relating it to the present-day global finance and
labour in terms of the process of neoliberal financialisation a
flexible labour regime. It is based on non-mainstream heterodox
approach in Economics and as such is a critique of the mainstream
neoclassical position on current global crisis. The contents of the
book will be of immense use to the researchers and students dealing
with current global crisis, global finance and labour.
This book presents a multidimensional perspective on the
interlinkage between human development, community characteristics
and public service delivery with special reference to India. The
chapters in the book analyze the influence of public service
delivery on human development from neo-classical as well as Marxian
point of view. Thus, the expositions in the book provides a
balanced mix of macro and micro approaches in the study of
development. The analytical discussions are supplemented by case
studies and empirical estimates so as to demonstrate the
applicability of the theory and the theoretical discourse about
human development, community network and the success and failures
of critical public services in the Indian context. The methodology
followed in the chapters involves critical survey of existing
literature, case studies, field survey and use of econometric
techniques as well as statistical tools of index construction.
While contributors are primarily scholars from neo-classical
economics discipline, some are intellectuals from the field of
political economy and development studies. Given the wide array of
development perspectives, this book is of interest not only to
students and researcher of development economics, social science
and management, but also a valuable reading for development
practitioners and policy makers, who would be interested in
understanding how community and public institutions interact to
determine access to health, education and social security services
that shapes the wellbeing of disadvantaged populations. The lessons
and implications are extremely pertinent to other emerging
economies, in particular those in South Asia.
This book pursues a Marxist approach with an emphasis on class to
reflect on Marx's Capital in the context of the East. It critically
reassesses some of the familiar concepts in Capital and teases out
issues that are at its periphery. In various essays, it explores
this borderland to promote new concepts and modes of analysing
Marx's treatise in the twenty-first century. Accordingly, it
represents an advance in Marxian theory and politics. Examining
Marx's Capital from the perspective and location of the East, the
book focuses on many issues that are at the 'borders' of Capital,
which is concerned principally on unpacking developed capitalism.
New concepts are introduced and set in relation to those championed
by Marx in order to advance our understanding of economy,
capitalism, development and politics. In this regard, the book
offers a reading of Capital that is distinct from conventional
reflections on it in the Western world. The scope is vast, covering
much of the territory in Marx's Capital, as well as addressing a
few new issues connected to Capital. The content is divided into
the following sections: Reception of Capital in the East; Value,
Commodity, Surplus Value and Capitalism; Population and Rent in
Capital; and Issues Beyond Capital.
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