Trade Policy, Inequality and Performance in Indian Manufacturing

By Kunal Sen

© 2008 – Routledge

176 pages | 45 B/W Illus.

Purchasing Options:
Hardback: 9780415413350
pub: 2008-09-03
US Dollars$168.00

About the Book

The relationship between trade policy and economic performance is one of the oldest controversies in economic development. In recent years, there has been a revival of interest in the debate on the implications of trade reforms for productivity growth and domestic pricing behaviour due in part to the current phase of wide-spread trade liberalisation in developing countries and in part to developments in economic theory, notably endogenous growth theories and theories of imperfect competition. Also, there has been considerable interest in whether trade reforms can lead to higher wage inequality and regional inequality in developing countries. Both in academic and policy arenas the interest in international trade as a powerful positive force for reducing poverty in low-income countries has increased. In this book, the author examines the implications of trade reforms with specific reference to the Indian manufacturing sector. In particular, it explores the evolution of regional and wage inequality, employment, productivity and prices from the import substitution phase of the 1970s to the period of radical reforms of the 1990s. The strength of the book is the careful and systematic examination of the various aspects of the trade-development nexus using rigorous empirical methods and a detailed data-set of Indian industries from 1975 to 2000. Economists in general and South Asian scholars in particular will find this thorough study interesting and useful.

Table of Contents

1. Trade Policy, Inequality and Performance – The Key Analytical Issues 2. Trade Policy in India 3. Growth and Structural Change in Indian Manufacturing, 1975-1999 4. Trade Policy and Economic Growth 5. Trade Policy, Productivity and Prices 6. International Trade and Employment 7. Trade Policy and Wage Inequality 8. Trade Policy and Regional Inequality 9. Conclusions

About the Author

Kunal Sen is Professor of Development Economics and Policy at The Institute for Development Policy and Management, University of Manchester, UK. He specialises in macroeconomics and international trade, with over a decade of experience in research on economic reforms in India. Among his many publications are International Competitiveness, Investment and Finance: A Case-study of India (with A.G. Kumar and R. Vaidya, 2003), Saving, Investment and Growth in India (with P. Athukorala, 2002), and Economic Restructuring in East Asia and India: Perspectives on Policy Reform (with P. Agrawal, S. Gokarn, V. Mishra, and K.S. Parikh, 1995).

About the Series

Routledge Advances in South Asian Studies

South Asia, with its burgeoning, ethnically diverse population, soaring economies, and nuclear weapons, is an increasingly important region in the global context. The series, which builds on this complex, dynamic and volatile area, features innovative and original research on the region as a whole or on the countries. Its scope extends to scholarly works drawing on history, politics, development studies, sociology and economics of individual countries from the region as well those that take an interdisciplinary and comparative approach to the area as a whole or to a comparison of two or more countries from this region. In terms of theory and method, rather than basing itself on any one orthodoxy, the series draws broadly on the insights germane to area studies, as well as the tool kit of the social sciences in general, emphasizing comparison, the analysis of the structure and processes, and the application of qualitative and quantitative methods. The series welcomes submissions from established authors in the field as well as from young authors who have recently completed their doctoral dissertations.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Urban & Regional