Globalisation Inclusive Growth and Indian Economy: Issues and Policies

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Globalisation via trade and FDI has produced new challenges so far as the development of poor economies are concerned. This process via integration of economic activities with world economics has given new opportunities to those who are in well off positions and at the better ends of income and employment opportunities. Majority of disempowering masses has become a victim in this process. Thus, globalisation via trade is external globalisation which has given ample opportunities to multinationals to reap the benefit via exclusive use of natural resources of the poor countries and its population base. This globalisation is financial globalisation strengthening the process of capitalization of Indian economy via integrating it with world economy.

Globalisation, the issues and policy concerned has been discussed in greater detail in five different parts in this book. Part I deals with content and the concept, Part II discusses development perspectives of globalisation, Part III presents a cooperative regional analysis of the impacts of globalisation, Part IV explains the institutional distortions caused by it and the issue of non-governance in institutions via corruption and vested interest operations and Part V the whole issue of inclusiveness via better use of human capital base to develop India as labour power, house of skilled labour power, so that globalisation and its consequences can create new opportunities for developing world as whole to prosper and furnish.

ABOUT THE AUTHOR Anil Kumar Thakur

Dr. Anil Kumar thakur, M.A. M.Ed., Ph. D., is a senior faculty member in the Post Graduate Department of Applied Economics and Commerce at College of Commerce, Patna under Magadh University. Many research scholars have obtained Ph. D. degrees under his guidance and supervision. Thakur has excelled himself in several areas of Economic Policy and Fiscal Management of the Indian Economy. He has also edited more than forty books/journals/souvenirs. Thakur is a matured organizer and architect of Indian Economic Association. He is the youngest Honorary Secretary and Treasurer of Indian Economic Association. He has founded the Economic Association of Bihar and Jharkhand and remained its Founder Secretary for more than ten years.He is a signature of Indian Economic Association and many organizations of Bihar and India. Thakur is the vanguard of young professional economists living in far-flung rural remote areas to inspire and encourage them to write articles and books.