Foreword by Prof. Kaushik Basu This book traces the development experience of one of India's most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab's economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab's economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state's economy.

One of the most remarkable stories of immigration in the last half century is that of Indians to the United States. People of Indian origin make up a little over one percent of the American population now, up from barely half a percent at the turn of the millennium. Not only has its recent growth been extraordinary, but this population from a developing nation with low human capital is now the most-educated and highest-income group in the worlds most advanced nation. The Other One Percent is a careful, data-driven, and comprehensive account of the three core processesselection, assimilation, and entrepreneurshipthat have led to this rapid rise. This unique phenomenon is driven byand, in turn, has influencedwide-ranging changes, especially the ongoing revolution in information technology and its impact on economic globalization, immigration policies in the U.S., higher education policies in India, and foreign policies of both nations. If the overall picture is one of economic success, the details reveal the critical issues faced by the immigrants stemming from the social, linguistic, and class structure in India, the professional and geographic distribution in the U.S., the simultaneous expressions of pan-Indian and regional identities and simultaneous leadership in high-skill industries (like computers and medicine) and low-skill industries (like hospitality and retail trade), and the multi-generational challenges of a diverse group from the worlds largest democracy fitting into its oldest.

Foreword by Prof. Kaushik Basu This book traces the development experience of one of India's most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab's economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab's economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state's economy.

One of the most remarkable stories of immigration in the last half century is that of Indians to the United States. People of Indian origin make up a little over one percent of the American population now, up from barely half a percent at the turn of the millennium. Complete with a new epilogue, the paperback edition of The Other One Percent is a careful, data-driven, and comprehensive account of the three core processes-selection, assimilation, and entrepreneurship-that have led to this rapid rise. This unique phenomenon is driven by-and, in turn, has influenced-wide-ranging changes, especially the ongoing revolution in information technology and its impact on economic globalization, immigration policies in the U.S., higher education policies in India, and foreign policies of both nations. If the overall picture is one of economic success, the details reveal the critical issues faced by Indian immigrants.

The Pacific Rim is a dynamic as well as diverse economic region, containing the world's three largest economies (US, China and Japan, measured by GDP at PPP). Many of the world's fasting growing and emerging market economies lie in this region. Trans-Pacific economic exchange, including trade and capital movements, has been an important driver of the world economy, contributing to growth as well as global imbalances. Within the Asia-Pacific region also, there has been an increase in trade and investment, as well as the development of value chain linkages through outsourcing and foreign direct investment. How to manage this economic integration and the vagaries of globalization, while supporting continued high growth has been an important theme of economic debate in the region. This Handbook will begin with institutional and historical perspectives, go on to consider various dimensions of economic policies, then examine the growth process and specific challenges to growth, and finally consider the key theme of regional economic integration in its many dimensions, including trade, investment, monetary coordination, crisis management and value networks.