Applying an intercultural and comparative theoretical approach across Asia and Africa, this book analyses the rise and moderation of political movements in developing societies which mobilise popular support with references to conceptions of cultural identity. The author includes not only the Hindu nationalist movement but also many Islamist political movements in a single category - New Cultural Identitarian Political Movements (NCIPM). Demonstrating significant similarities in the pattern of evolution between these and European Christian Democracy, the book provides an instrument for the analysis of these movements outside the parameters of the fundamentalism debate. The book looks at a number of key variables for understanding the evolution of NCIPM, and it goes on to analyse the transition of developing societies from rent-based political economies to capitalism and the (partial) failure of this transition process. It argues that there is a need to incorporate economic and class analysis in the study of political processes in developing societies against the continuing emphasis on cultural factors associated with the "cultural turn" of social sciences. The book is an interesting contribution to studies in South Asian Politics, as well as Comparative Politics.

Applying an intercultural and comparative theoretical approach across Asia and Africa, this book analyses the rise and moderation of political movements in developing societies which mobilise popular support with references to conceptions of cultural identity. The author includes not only the Hindu nationalist movement but also many Islamist political movements in a single category -- New Cultural Identitarian Political Movements (NCIPM). Demonstrating significant similarities in the pattern of evolution between these and European Christian Democracy, the book provides an instrument for the analysis of these movements outside the parameters of the fundamentalism debate. The book looks at a number of key variables for understanding the evolution of NCIPM, and it goes on to analyse the transition of developing societies from rent-based political economies to capitalism and the (partial) failure of this transition process. It argues that there is a need to incorporate economic and class analysis in the study of political processes in developing societies against the continuing emphasis on cultural factors associated with the "cultural turn" of social sciences. The book is an interesting contribution to studies in South Asian Politics, as well as Comparative Politics.

Starting in the late nineteenth century, colonial rule in India took an active interest in regulating financial markets beyond the bridgeheads of European capital in intercontinental trade. Regulatory efforts were part of a modernizing project seeking to produce alignments between British and Indian business procedures, and to create the financial basis for incipient industrialization in India. For vast sections of Indian society, however, they pushed credit/debt relations into the realm of extra-legality, while the new, regulated agents of finance remained incapable (and unwilling) of serving their needs. Combining historical and ethnographic approaches, the book questions underlying assumptions of modernization in finance that continue to prevail in postcolonial India, and delineates the socioeconomic responses they produced, and studies the reputational economies of debt that have emerged instead - extra-legal markets embedded into communication flows on trust and reputation that have turned out to be significantly more exploitative than their colonial predecessors.

To people operating in India's economy, actually existing markets are remarkably different from how planners and academics conceive them. From the outside, they appear as demarcated arenas of exchange bound by state-imposed rules. As historical and social realities, however, markets are dynamic, adaptative, and ambiguous spaces. This book delves into this intricate context, exploring Indian markets through the competition and collaboration of those who frame and participate in markets. Anchored in vivid case studies - from colonial property and advertising milieus to today's bazaar and criminal economies - this volume underlines the friction and interdependence between commerce, society, and state. Contributors from history, anthropology, political economy, and development studies synthesize existing scholarly approaches, add new perspectives on Indian capitalism's evolution, and reveal the transactional specificities that underlie the real-world functioning of markets.