This book offers an analysis of external dimensions of an emerging economy, India, in the backdrop of neoliberal globalisation. External dimensions of Indian economy signify her inter-relation with the rest of the world in terms of trade and financial flows and how that affects the development process within the country in the age of neoliberal globalisation. It is based on non-mainstream unorthodox approach in Economics and as such is a critique of the mainstream neoclassical position on current neoliberal globalisation.
The contents of the book can be classified into as follows – (1) India’s external dimension in the colonial period through the trade route ; (2) concerns with India’s balance of payments transactions in terms of illegal flows, (3) political economy of development planning in the present era of globalisation, (4) capital flows as it affect the India’s external front, (5) Indian industries under the TRIPs regime, (6) regional economic integration of India and (7) foreign capital flows in India during the liberalisation period.
Table of Contents
1. India, The Great Depression and Britain’s Demise as World Capitalist Leader, Utsa Patnaik 2. Illegal Flows in India’s BOP Accounts: Its Components and Impact on the Economy, Arun Kumar 3. Some aspects of External Dimensions of Indian Economy in the Age of Globalisation, Byasdeb Dasgupta 4. Macroeconomic Policy within Cycles of International Capital Flows: The Indian Experience, Sukanya Bose 5. Multinationals and Monopolies: Pharmaceutical Industry in India after TRIPS, Sudip Chaudhuri 6. Regional Economic Integration: New Context and Analytical Constructs, Ram Upendra Das 7. Political Economy of Development Planning and Reforms in India – Evolution of the Plan Philosophy over the Years, Suparna Karmakar
Byasdeb Dasgupta is an Associate Professor at the Department of Economics of University of Kalyani at Kalyani in West Bengal, India. He is working on the issues pertaining finance, labour and development and also, on Marxist perspectives on these issues. Dr. Dasgupta obtained his M.Phil and Ph.D under the supervision of Professor Sunanda Sen from the Centre for Economic Studies and Planning of Jawaharlal Nehru University in New Delhi. Along with Professor Sen he has written a book Unfreedom and Waged Work – Labour in India’s Manufacturing Industry which was published by Sage India in 2009.