Providing a broad overview of the impact of COVID-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises. Raghbendra Jha expertly introduces the subject, highlighting the links between economic growth and macroeconomic stability and illustrates a snapshot of economic development. Thoughtful discussions on measurements and limitations of the Human Development Index as well as the role of institutions and the design for monetary policy are also thoroughly reviewed. Furthermore, the book considers the open economy aspects of economic development and the challenges experienced following the global COVID-19 pandemic and beyond. The insightful overview of this evolving subject will be crucial reading for scholars interested in economic development, undergraduate and graduate students of economics, as well as economics scholars more broadly. Policymakers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and illuminating.

Providing a broad overview of the impact of COVID-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises. Raghbendra Jha expertly introduces the subject, highlighting the links between economic growth and macroeconomic stability and illustrates a snapshot of economic development. Thoughtful discussions on measurements and limitations of the Human Development Index as well as the role of institutions and the design for monetary policy are also thoroughly reviewed. Furthermore, the book considers the open economy aspects of economic development and the challenges experienced following the global COVID-19 pandemic and beyond. The insightful overview of this evolving subject will be crucial reading for scholars interested in economic development, undergraduate and graduate students of economics, as well as economics scholars more broadly. Policymakers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and illuminating.

The Routledge Handbook of South Asian Economics addresses the recent economic transformation in South Asia. Leading experts in the field look at the major economic achievements and challenges for the region and examine why economic development across the South Asia region has diverged so significantly since the early 1990s. Providing a cutting-edge review of the economies of South Asia, the Handbook analyzes key growth areas as well as key structural weaknesses and policy challenges facing these economies. Furthermore, it anticipates trends and suggests corrective measures for the South Asian economic region. Sections focus on issues of human development, such as inequality, poverty and quality of schooling, and monetary and fiscal issues, particularly in light of the ongoing global financial crisis. Further sections discuss issues relating to employment and infrastructure, and on the experience of the region with international trade and financial flows, and environmental challenges. Written by renowned and respected experts on South Asian economics, this Handbook will be an invaluable reference work for students and academics as well as policy makers interested in South Asian Studies, Economics and Development Studies.

Professor Jha and Professor Gaiha address important issues of food security in their wide-ranging selection of the most influential published contributions in this area of study. Their comprehensive, original introduction discusses each article and places it within the context of twelve distinct themes, from which emerges a cogent view of the developing scholarly literature in this area and of the challenges that still remain. These volumes will provide ready access to major landmark contributions in food security and thus be of interest to all academics, policymakers, international organizations and students working in this area.

This volume is a welcome and timely contribution to a topic of enduring importance. The global consequences of recent food price crises underscore the need to examine food security issues from diverse perspectives. This volume meets that need, featuring accessible yet cutting-edge analyses of food security by leading experts in fields as diverse as trade, nutrition, public health, production, political economy, and behavioral economics. It will be of interest to a wide range of scholars and practitioners.' - Steven Block, Tufts University, US'This excellent volume offers a compact but wide-ranging survey of recent research on important changes in global food markets. Its 20 chapters accurately capture important areas of scholarly agreement as well as on-going debates among economists studying agriculture and nutrition, with several provocative original contributions from other fields. The book draws particularly on the authors' long experience in Asia, offering widely-applicable insights for scholars and policy analysts seeking to understand the past, present and future of food around the world.' - William A. Masters, Tufts University, US The global population is forecasted to reach 9.4 billion by 2050, with much of this increase concentrated in developing regions and cities. Ensuring adequate food and nourishment to this large population is a pressing economic, moral and even security challenge and requires research (and action) from a multi-disciplinary perspective. This book provides the first such integrated approach to tackling this problem by addressing the multiplicity of challenges posed by rising global population, diet diversification and urbanization in developing countries and climate change. It examines key topics such as: - the impact of prosperity on food demand - the role of international trade in addressing food insecurity - the challenge posed by greenhouse gas emissions from agriculture and land degradation - the implication on labor markets of severe under-nutrition - viability of small scale farms - strategies to augment food availability. The Handbook on Food would be a welcome supplementary text for courses on development economics, particularly those concentrating on agricultural development, climate change and food availability, as well as nutrition. Contributors include: Anshuman Adheleya, Alok Adheleya, M. Das, D. Dawe, O. Ecker, C.L. Gilbert, D. Goswami, J.E. Gready, D. Headey, K.S. Imai, S. Jha, N. Kaicker, S. Kaur, V.S. Kulkarni, A. Mahal, K. Mathur, K. Otsuka, S. Pfuderer, A. Sarris, C. Sathyamala, J. Schmidhuber, P.V. Srinivasan, L. Sutton, G. Thapa, P. Timmer, J.-F. Trinh Tan, F.N. Tubiello, P. Warr, J. You

Now available in paperback, the Routledge Handbook of South Asian Economics addresses the recent economic transformation in South Asia. Leading experts in the field look at the major economic achievements and challenges for the region and examine why economic development across the South Asia region has diverged so significantly since the early 1990s. Providing a cutting-edge review of the economies of South Asia, the Handbook analyzes key growth areas as well as key structural weaknesses and policy challenges facing these economies. Furthermore, it anticipates trends and suggests corrective measures for the South Asian economic region. Sections focus on issues of human development, such as inequality, poverty and quality of schooling, and monetary and fiscal issues, particularly in light of the ongoing global financial crisis. Further sections discuss issues relating to employment and infrastructure, and on the experience of the region with international trade and financial flows, and environmental challenges. Written by renowned and respected experts on South Asian economics, this Handbook is an invaluable reference work for students and academics as well as policy makers interested in South Asian Studies, Economics and Development Studies.

In recent times not only have traditional areas of public economics such as taxation, public expenditure, public sector pricing, benefit cost analysis, and fiscal federalism thrown up new challenges but entirely new areas of research and inquiry have emerged. This second edition builds upon the strengths of the previous edition and incorporates results of research on new areas such as global public goods, environmental taxation and carbon permits trading and the complexities of corporate taxation in a rapidly globalizing world.

The book is a modern and comprehensive exposition of public economics. It includes extended discussions on topics of particular interest to developing countries and covers subjects such as:

• taxation in an economy with a large informal sector
• the challenges of using VAT
• the use of randomized evaluation
• theory of public expenditure and public goods including global public goods
• incentive effects of taxation and tax incidence

This book discusses the major traditional areas of taxation and public expenditure as well as emerging issues relating to public economics in the globalized world economy. It will be useful as a reference and update on the modern literature on public economics for professional economists and policymakers, as well as providing invaluable information as a basic text for undergraduate and graduate students in public economics.

With globalization fast becoming an irreversible process, it is necessary to pay increased attention to the implications for environmental sustainability. However, the so-called environmental Kuznets curve (EKC) argument implies that rapid economic growth in many developing countries should be environmentally unsustainable. Environmental Sustainability addresses this dichotomy and articulates a notion of consumption sustainability that is both universal and pertains to the indefinite future. Additionally, it emphasizes the importance of addressing a broad spectrum of sources of environmental degradation and relates this measure to an index of economic achievement more complete than per capita income. As well as the EKC, authors Jha and Murthy also critique the Environmental Sustainability Index (ESI) and empirically substantiate the proposition that a certain type of development in the presently high-income countries is primarily responsible for global environmental degradation. Several policy conclusions for global environmental management are also advanced. Throughout, Jha and Murthy comprehensively evaluate existing approaches to environmental sustainability and critically review empirical studies of environmental degradation, and economic development, making this an invaluable source of information for those concerned with environmental economics and political economy.

With globalization fast becoming an irreversible process, it is necessary to pay increased attention to the implications for environmental sustainability. Some commentators have uncritically assumed that globalization would result in all-round prosperity whereas the opposing view holds that in order to sustain growth and consumption, a certain threshold level of per capita income should be attained - the so-called environmental Kuznets curve (EKC) argument. This argument implies that rapid economic growth in many developing countries should be environmentally unsustainable.
"Environmental Sustainability" addresses this dichotomy and articulates a notion of consumption sustainability that is both universal and pertains to the indefinite future. Additionally, it emphasizes the importance of addressing a broad spectrum of sources of environmental degradation and relates this measure to an index of economic achievement more complete than per capita income. The EKC conclusion is examined and is demonstrated to be untenable, it is argued that there is scope to permit developing countries to target high rates of economic growth and that lowering rich countries' consumption would be consistent with environmental sustainability.
Jha and Murthy critique the Environmental Sustainability Index (ESI), which has been proposed as a measure of the overall state of the environment and advance an alternative methodology for computing environmental sustainability. The authors empirically substantiate the proposition that a certain type of development in the presently high-income countries is primarily responsible for global environmental degradation. Several policy conclusions for globalenvironmental management are also advanced.

Contents:
Preface to the second edition, Preface to the fist edition Part I: The Basic Macroeconomic Framework 1. Macroeconomic problems of developing countries 2. National accounts and the macroeconomy 3. The basic IS-LM-AS model in the closed economy 4. The process of money creation and the demand for money 5. Macroeconomic policy in an open economy 6. Current account and asset demand approaches to balance of payments Part 2: Macroeconomic Models of Developing Countries 7. IMF type macro models for developing countries 8. A structuralist macros model for developing countries 9. Dualistic models of output and inflation in developing countries 10. Growth, theory and developing country macroeconomics Part 3: Policy Dilemmas faced by Developing Countries 11. An evaluation of the IMF programs in developing countries 12. Macroeconomic dimensions of fiscal policy in developing countries 13. The inflation rate and seignorage 14. The problem of indebtedness of HIPC countries 15. The exchange rate issues in developing countries Part 4: Issues in Developing Country Macroeconomics 16. Financial market liberalization and economic growth in developing countries 17. The international financial architecture and developing countries 18. A final word, Bibliography, Name index, Subject Index

This wide-ranging, up-to-date and detailed account of all aspects of public economics covers topics as varied as:

* classical theorems of welfare economics
* the theory of public expenditure
* the effects of taxation on savings, labour supply investment and risk-taking
* commodity, income and expenditure taxation
* public sector and cost-benefit analysis
* fiscal federalism.

Written by Raghbendra Jha, an author with an established reputation, this book fills the gap in literature on this topic and will be a valuable reference for undergraduates in the fields of economics and public finance.

Modern Public Economics covers this popular subject area in an accessible and user-friendly way. Topics are coherently explored and include welfare economics, taxation theory, applied problems in public economics and fiscal federalism. All results are explicitly derived, making analysis of topics much clearer for students. The book also interweaves topics from the frontiers of research, giving students a basis from which to participate in contemporary discussions. This book will be of great use to advanced undergraduates and also postgraduates in Public Economics.

'Jha is the right scholar and economist to take readers through the development of the Indian economy. Readers will be in good hands.' -Edmund Phelps, Columbia University, USA, and winner of the 2006 Nobel Prize in Economics 'This is perhaps the best and most scholarly contribution to understanding the Indian Economy and Society. Its rich historical perspective and a profound understanding of how India has evolved into a major economic power set standards of scholarship and analytical rigour that will be hard to surpass". -Raghav Gaiha, University of Manchester, UK 'Linking of economy and society is increasingly recognised as essential for addressing policy challenges by the current phase of globalisation. As such this study should be valuable not just for those studying India, but also for those interested in global developments.' -Mukul Asher, National University of Singapore, Singapore 'This book is a tour-de-force review of the fundamental topics on the Indian political economy and society that are relevant for any committed social scientist to be aware of.' -Sumit K. Majumdar, University of Texas at Dallas, USA 'Over the years, I have benefited from reading the works of Professor Jha, and from teaching from them. I enthusiastically recommend these two volumes.' -Raaj Kumar Sah, University of Chicago, USA This two-volume work provides an account of how India has been meeting its myriad of economic, political and social challenges and how things are expected to evolve in the future. Despite enormous challenges at the time of independence, India chose to address them within a secular, liberal, democratic framework, which guaranteed several fundamental rights. Challenges included intense mass poverty and hunger, very poor literacy and educational abilities of the population, the task of uniting a country with scores of languages and ethnicities ruled by different entities for decades and persistent threats of external aggression, to name just a few. Over time, incomes and opportunities have expanded enormously and India has regained her self-confidence as a nation. In this second volume, Jha examines the performance and prospects for India's agriculture, manufacturing and services sectors. In addition, India's links with the external world through international trade, investment, migration and remittances are discussed, as well as gender issues, inter-community relations and India's future prospects.

This volume is a welcome and timely contribution to a topic of enduring importance. The global consequences of recent food price crises underscore the need to examine food security issues from diverse perspectives. This volume meets that need, featuring accessible yet cutting-edge analyses of food security by leading experts in fields as diverse as trade, nutrition, public health, production, political economy, and behavioral economics. It will be of interest to a wide range of scholars and practitioners.' - Steven Block, Tufts University, US'This excellent volume offers a compact but wide-ranging survey of recent research on important changes in global food markets. Its 20 chapters accurately capture important areas of scholarly agreement as well as on-going debates among economists studying agriculture and nutrition, with several provocative original contributions from other fields. The book draws particularly on the authors' long experience in Asia, offering widely-applicable insights for scholars and policy analysts seeking to understand the past, present and future of food around the world.' - William A. Masters, Tufts University, US The global population is forecasted to reach 9.4 billion by 2050, with much of this increase concentrated in developing regions and cities. Ensuring adequate food and nourishment to this large population is a pressing economic, moral and even security challenge and requires research (and action) from a multi-disciplinary perspective. This book provides the first such integrated approach to tackling this problem by addressing the multiplicity of challenges posed by rising global population, diet diversification and urbanization in developing countries and climate change. It examines key topics such as: - the impact of prosperity on food demand - the role of international trade in addressing food insecurity - the challenge posed by greenhouse gas emissions from agriculture and land degradation - the implication on labor markets of severe under-nutrition - viability of small scale farms - strategies to augment food availability. The Handbook on Food would be a welcome supplementary text for courses on development economics, particularly those concentrating on agricultural development, climate change and food availability, as well as nutrition. Contributors include: Anshuman Adheleya, Alok Adheleya, M. Das, D. Dawe, O. Ecker, C.L. Gilbert, D. Goswami, J.E. Gready, D. Headey, K.S. Imai, S. Jha, N. Kaicker, S. Kaur, V.S. Kulkarni, A. Mahal, K. Mathur, K. Otsuka, S. Pfuderer, A. Sarris, C. Sathyamala, J. Schmidhuber, P.V. Srinivasan, L. Sutton, G. Thapa, P. Timmer, J.-F. Trinh Tan, F.N. Tubiello, P. Warr, J. You

'Jha is the right scholar and economist to take readers through the development of the Indian economy. Readers will be in good hands.' -Edmund Phelps, Columbia University, USA, and winner of the 2006 Nobel Prize in Economics 'This is perhaps the best and most scholarly contribution to understanding the Indian Economy and Society. Its rich historical perspective and a profound understanding of how India has evolved into a major economic power set standards of scholarship and analytical rigour that will be hard to surpass". -Raghav Gaiha, University of Manchester, UK 'Linking of economy and society is increasingly recognised as essential for addressing policy challenges by the current phase of globalisation. As such this study should be valuable not just for those studying India, but also for those interested in global developments.' -Mukul Asher, National University of Singapore, Singapore 'This book is a tour-de-force review of the fundamental topics on the Indian political economy and society that are relevant for any committed social scientist to be aware of.' -Sumit K. Majumdar, University of Texas at Dallas, USA 'Over the years, I have benefited from reading the works of Professor Jha, and from teaching from them. I enthusiastically recommend these two volumes.' -Raaj Kumar Sah, University of Chicago, USA This two-volume work provides an account of how India has been meeting its myriad of economic, political and social challenges and how things are expected to evolve in the future. Despite enormous challenges at the time of independence, India chose to address them within a secular, liberal, democratic framework, which guaranteed several fundamental rights. Challenges included intense mass poverty and hunger, very poor literacy and educational abilities of the population, the task of uniting a country with scores of languages and ethnicities ruled by different entities for decades and persistent threats of external aggression, to name just a few. Over time, incomes and opportunities have expanded enormously and India has regained her self-confidence as a nation. In this second volume, Jha examines the performance and prospects for India's agriculture, manufacturing and services sectors. In addition, India's links with the external world through international trade, investment, migration and remittances are discussed, as well as gender issues, inter-community relations and India's future prospects.

'Jha is the right scholar and economist to take readers through the development of the Indian economy. Readers will be in good hands.' -Edmund Phelps, Columbia University, USA, and winner of the 2006 Nobel Prize in Economics 'This is perhaps the best and most scholarly contribution to understanding the Indian Economy and Society. Its rich historical perspective and a profound understanding of how India has evolved into a major economic power set standards of scholarship and analytical rigour that will be hard to surpass". -Raghav Gaiha, University of Manchester, UK 'Linking of economy and society is increasingly recognised as essential for addressing policy challenges by the current phase of globalisation. As such this study should be valuable not just for those studying India, but also for those interested in global developments.' -Mukul Asher, National University of Singapore, Singapore 'This book is a tour-de-force review of the fundamental topics on the Indian political economy and society that are relevant for any committed social scientist to be aware of.' -Sumit K. Majumdar, University of Texas at Dallas, USA This two-volume work provides an account of how India has been meeting its myriad of economic, political and social challenges and how things are expected to evolve in the future. Despite enormous challenges at the time of independence, India chose to address them within a secular, liberal, democratic framework, which guaranteed several fundamental rights. Challenges included intense mass poverty and hunger, very poor literacy and educational abilities of the population, the task of uniting a country with scores of languages and ethnicities ruled by different entities for decades and persistent threats of external aggression, to name just a few. Over time, incomes and opportunities have expanded enormously and India has regained her self-confidence as a nation. In this first volume, Jha presents a long view of the performance of the Indian economy and discusses key aspects of India's population, land and labor. In addition, the Indian Constitution and basic structure of governance are analysed within the context of major economic and political developments in independent India.

In recent times not only have traditional areas of public economics such as taxation, public expenditure, public sector pricing, benefit cost analysis, and fiscal federalism thrown up new challenges but entirely new areas of research and inquiry have emerged. This second edition builds upon the strengths of the previous edition and incorporates results of research on new areas such as global public goods, environmental taxation and carbon permits trading and the complexities of corporate taxation in a rapidly globalizing world.

The book is a modern and comprehensive exposition of public economics. It includes extended discussions on topics of particular interest to developing countries and covers subjects such as:

• taxation in an economy with a large informal sector
• the challenges of using VAT
• the use of randomized evaluation
• theory of public expenditure and public goods including global public goods
• incentive effects of taxation and tax incidence

This book discusses the major traditional areas of taxation and public expenditure as well as emerging issues relating to public economics in the globalized world economy. It will be useful as a reference and update on the modern literature on public economics for professional economists and policymakers, as well as providing invaluable information as a basic text for undergraduate and graduate students in public economics.

This comprehensively revised and updated edition develops the themes contained in the first edition. Students and teachers who are familiar with the book will notice that half of the chapters are entirely new, with the other half having changed significantly to take into account the changes that have occurred in the global economy since the turn of the millennium.
With questions for discussion and excellent use of case studies, the book covers such themes as:
*standard closed and open macroeconomic models
*a full evaluation of the post-Washington consensus model
*IMF stabilization programs and their effects on developing economies
*the pressing problems of indebtedness
*financial sector reforms in developing countries

This informative, accessible and lucid textbook is the ideal accompaniment for students of development economics and it will prove popular with lecturers and academics alike.

Institutions are norms that undergird organizations and are reflected in laws and practices. Over time, institutions take root and persist as they are path dependent and thus change resistant. Therefore, it is puzzling when institutions change. One such puzzle has been the enactment of the Right to Information (RTI) Act in India in 2005, which brought about institutional change by transforming the 'information regime'. Why did the government upend the norm of secrecy, which had historically been entrenched within the Indian State? This book uses archival material, internal government documents, and interviews to understand the why and how of institutional change. It demonstrates that the institutional change resulted from 'ideas' emerging gradually and incrementally, leading to a 'tipping point'. About the IDSA Series: This series interrogates the interplay between globalization, the state, and social forces in the making and un-making of institutions in South Asia. Why do institutions persist and change? Do we need to transcend materialism and dwell in ideas and culture as well to understand why institutions perform and fail? The first book in the Institutions and Development in South Asia series, this volume studies the historical institutionalism in the information regime in India by presenting an alternative narrative about the evolution of the RTI Act.

The UN's Sustainable Development Goal (SDG) for 'Zero Hunger' has refocused attention on hunger and malnutrition as major challenges for the 21st century and as essential desired goals for human development. This volume provides key insights on how these challenges for food security can be addressed globally and in a number of countries that face these challenges most acutely.According to the World Food Summit, food security exists when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life. The implication is that lack of food security would overlap with hunger - both overt and hidden - and undernutrition and would have spillover effects onto the health of and labor market performance of those affected by such insecurity. This range of issues have guided the choice of contributions to this volume. Several manifestations of these topics are covered for a number of countries in Asia and Africa.