The volume examines the changing relationship between policies of the state and corporate structures in the context of steady withdrawal of the state in the development context ad emergence of the market as the major driving force in the economy. It probes the imperious control of big business. It explains the contradictions between the State and the market as dealt with in liberal theory, discussing corporate feudalism where corporations replace or co-opt the ...
With global finance continuing to play an overpowering role in advanced and developing countries alike, its fragility and instability are today more evident than ever before, especially in light of the recent global crisis followed by a Great Recession. Demolishing the efficient growth doctrine of mainstream economics, this collection of essays maps out an alternative pattern of global finance which can generate real growth with well-being.
Covering both advanced ...
The book provides on in-depth analysis of numerous issues which are being currently debated with regard to India's external economic transactions. These include import control and liberalization, the liquidity gap in India's balance of payments; the impact of exchange rate fluctuations on trade; external constraints on domestic economic policies; debt indicators and international credit ratings; and capital account convertibility. The last chapter discusses the ...
The book challenges the conventional wisdom of market efficiency in the context of today’s ‘high finance’, and points towards its limitations in generating real growth and development for development countries. The book charts out an alternate route of global finance capable of generating real demand and activity. It will interest economists and professionals in the financial sector.