This volume examines the tangled relationship between globalization and governance through the lens of India’s domestic politics, structures, institutions and policies. The contributors to this volume draw attention to the interconnectedness of global and domestic processes. In doing so, this volume also captures the evolving dynamics of state-society-market relations. A unique blend of papers, the collection brings out the complex interplay and interconnections between global trends, domestic politics and governance challenges in explaining both the persistence of policy reforms, as well as institutional change. In this light, the volume examines the role of socio-political processes and key actors at the domestic level; how they have negotiated global norms, pressures and opportunities resulting in durable policies and institutions.
The COVID-19 pandemic has yet again brought the focus back to the significance and interconnectedness of globalization and governance. This volume will contribute to a deeper understanding of these twin processes through thematic discussions on embedded liberalism of the Indian state; transnationalisation of India’s economic elites; exploring the role of global-local linkages in the transparency laws; strategic internationalization and the politics of reform; the global success of micro-credit and its domestic manifestation; and the resilience and durability of the ‘Indian way' of governing globalization. This book was originally published as a special issue of the India Review.
1. Introduction: Globalization and change in India
2. India Inc. and globalization: The rise of neo-liberalism and a transnational managerial elite?
Jivanta Schottli and Markus Pohlmann
3. Untangling global-local linkages: The case of the Right to Information Act in India
4. A theory of reform consolidation in India: From crisis-induced reforms to strategic internationalization
5. Market for 33 percent interest loans: Financial inclusion and microfinance in India
6. Uncertain India? Deepening globalization, unanticipated consequences and the challenge of sustainability
Subrata K. Mitra