Transformation and Development: The Political Economy of Transition in India and China

Hardcover | January 2, 2013

EditorAmiya Kumar Bagchi, Anthony P. DCosta

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While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in thesecountries is characterized by deep rural poverty and underdevelopment, and plagued by unprecedented forms of social and economic inequality, reliance on volatile export markets, brutal land grabs, and forms of crony capitalism.This volume brings together twelve wide-ranging essays that collectively engage in discussing key areas of transformation and development, including agriculture, industry, global finance and outward direct foreign investments, science and technology, and RandD policies of these nations. Using aninterdisciplinary and multi-level analysis, the volume provides comprehensive and critical insights into the dynamics of the development process in the two countries while exploring the realignment of east-west and north-south relations as well as regional balance.

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While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in thesecountries is characterized by deep rural poverty...

Amiya Kumar Bagchi is Professor of Economics, and Director of the Institute of Development Studies Kolkata, India. Anthony P. D'Costa is Professor of Indian Studies, and Research Director of the Asia Research Centre, Department of International Economics and Management at Copenhagen Business School, Copenhagen, Denmark.

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Format:HardcoverDimensions:368 pagesPublished:January 2, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198082282

ISBN - 13:9780198082286

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Table of Contents

List of Tables and FiguresPreface and AcknowledgementsList of Abbreviations1. Anthony P. D'Costa and Amiya Kumar Bagchi: Transformation and Development: A Critical Introduction to India and China2. Ashwani Saith: Guaranteeing Rural Employment-Tales from Two Countries: Right to Employment in Neoliberal India and Labour Accumulation in Collectivist China3. Shailaja Fennell: Government Policy and the Distribution of Grain: Revisiting the Reform of Agricultural Institutions in China and India4. Nirmal Kumar Chandra: Appraising Industrial Policies of India and China from Two Perspectives: Nationalist and Internationalist5. Ho-Fung Hung: China in the Global Crisis: Death Knell of the East Asian Developmental Model?6. Carl Riskin: Harmony, Crisis, and the Fading of the Lewis Model in China7. Lopamudra Banerjee, Ashwini Deshpande, Yan Ming, Sanjay Ruparelia, Vamsicharan Vakulabharanam, and Wei Zhong: Growth, Reforms, and Inequality: Comparing India and China8. Sunanda Sen: China in the Global Economy: Encountering the Systemic Risks9. R. Nagaraj: Outward FDI from China and India: An Exploratory Note10. Parthasarathi Banerjee: Science and Technology for Governance in China11. Sunil Mani: Have China and India Become More Innovative Since the Onset of Reforms in the Two Countries?12. Bikramjit Sinha: Increasing Industrialization of RandD in China: Empirical Observations of the Role of the StateNotes on Contributors