Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries by Jagdish BhagwatiWhy Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries by Jagdish Bhagwati

Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries

byJagdish Bhagwati, Arvind Panagariya

Hardcover | April 9, 2013

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In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty?

Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.
Jagdish Bhagwati is university professor of economics at Columbia, and a long time fellow at the Council on Foreign Relations. A native of India, Professor Bhagwati studied at Cambridge University, MIT, and Oxford before returning to India in 1961 as professor of economics at the Indian Statistical Institute. He is the author of many b...
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Title:Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developi...Format:HardcoverProduct dimensions:304 pages, 9.25 X 6.13 X 0.98 inShipping dimensions:304 pages, 9.25 X 6.13 X 0.98 inPublished:April 9, 2013Language:English

The following ISBNs are associated with this title:

ISBN - 10:161039271X

ISBN - 13:9781610392716

Appropriate for ages: All ages

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Editorial Reviews

Hernando de Soto, economist and author of The Mystery of Capital“Assembling reams of evidence from India's astonishing economic success story, Bhagwati & Panagariya make an unbeatable case for why market reforms are essential to economic growth—and improving the lives of the poor. Serious reformers throughout the developing world cannot ignore this book or Bhagwati's work throughout the years.”Ernesto Zedillo, director of the Yale Center for the Study of Globalization and former president of Mexico“Every important developing country should be the subject of a masterful book like this. Bhagwati and Panagariya have paid a great service to India—and actually other emerging countries—by writing it. If it's a must read for scholars and practitioners of economic development, it should be absolutely mandatory for the Indian political leaders."Pankaj Mishra, New York Review of Books“A passionate case for more privatization and liberalization, and less protection for labor…Bhagwati has provided intellectual authority and sustenance to those who think that India, by prioritizing wealth-creation over health and education, can become a ‘role model' for ‘other developing nations.'”