Caste, Class, and Capital

The Social and Political Origins of Economic Policy in India

Nonfiction, Social & Cultural Studies, Political Science, International, Social Science
Cover of the book Caste, Class, and Capital by Kanta Murali, Cambridge University Press
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Author: Kanta Murali ISBN: 9781108178884
Publisher: Cambridge University Press Publication: February 2, 2017
Imprint: Cambridge University Press Language: English
Author: Kanta Murali
ISBN: 9781108178884
Publisher: Cambridge University Press
Publication: February 2, 2017
Imprint: Cambridge University Press
Language: English

For millions of poor people in the developing world, economic growth offers prospects for improved well-being. But what are the political and social conditions conducive to growth-oriented policies in poor democracies? This book addresses this highly consequential question by focusing on a specific empirical puzzle - policy variation across Indian states in the competition for private industrial investment, a phenomenon that came to the fore after the country adopted market reforms in 1991. Through the analysis of investment policies, this book offers a novel explanation, which links social identity, class, and economic policy outcomes. Its main findings highlight a link between pro-business policies and exclusionary political trends in India's high growth phase, and offer a sobering perspective on the current model of growth in the country. It adds to our understanding of Indian political economy as well as to the dynamics of economic development in poor democracies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

For millions of poor people in the developing world, economic growth offers prospects for improved well-being. But what are the political and social conditions conducive to growth-oriented policies in poor democracies? This book addresses this highly consequential question by focusing on a specific empirical puzzle - policy variation across Indian states in the competition for private industrial investment, a phenomenon that came to the fore after the country adopted market reforms in 1991. Through the analysis of investment policies, this book offers a novel explanation, which links social identity, class, and economic policy outcomes. Its main findings highlight a link between pro-business policies and exclusionary political trends in India's high growth phase, and offer a sobering perspective on the current model of growth in the country. It adds to our understanding of Indian political economy as well as to the dynamics of economic development in poor democracies.

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