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06299aam a2200541 i 4500 001 D35524A0214711EEBC7340321FECA4DB 003 SILO 005 20230713010558 008 170210s2017 nyu b 001 0 eng 010 $a 2016035190 020 $a 0190610131 020 $a 9780190610135 035 $a (OCoLC)959592959 040 $a DLC $b eng $e rda $c DLC $d YDX $d BDX $d OCLCF $d IUL $d INU $d CHVBK $d OCLCO $d OCLCQ $d OCLCA $d QGK $d UKMGB $d OCLCA $d NLE $d OCLCQ $d OCLCO $d SILO 042 $a pcc 043 $a a-ii--- 050 00 $a HC435.3 $b .J7296 2017 082 00 $a 330.954 $2 23 084 $a HIS017000 $a BUS069020 $a HIS017000 $2 bisacsh 100 1 $a Joshi, Vijay, $e author. 245 10 $a India's long road : $b the search for prosperity / $c Vijay Joshi. 264 1 $a New York : $b Oxford University Press, $c 2017. 300 $a xi, 347 pages ; $c 25 cm 504 $a Includes bibliographical references (pages 323-335) and index. 520 $a "India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it should follow to achieve widely-shared prosperity. Joshi argues that for India to realize its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalization and more extensive privatisation will be necessary. But they will not suffice to achieve India's economic objectives. The state needs to perform much more effectively many core tasks that belong squarely in its domain. India needs more of the market as well as more of the state. The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics. In the course of his enquiry, Joshi examines in depth all the critical areas of Indian development policy, including employment and the 'demographic bulge'; investment and productivity; the markets for goods, resources, and finance; macroeconomic stability; public sector banks and enterprises; the infrastructure deficit; social protection and safety nets; education and health care; environmental sustainability; international economic relations; state capacity and accountability; and corruption and crony capitalism. His design for radical reform incorporates a fiscally affordable scheme to provide a regular 'basic income' for all citizens that would speedily abolish extreme poverty. An authoritative work of tremendous scope and depth, India's Long Road will be an essential resource for anyone who wants to know where India is today, where it is headed, and what it should do to attain its ambitions."-- $c Provided by publisher. 520 $a "India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee program. Corruption also hinders growth at many turns. All these factors bring into question how feasible or wise it is for India to pursue a path toward global political power rather than concentrate on improved economic engagement worldwide. Dr. Joshi believes India's economic problems are serious and systemic, not a temporary blip. His analysis sets forth that the only way the country can truly prosper is to find the means to return to the earlier levels of growth through massive economic reform. This policy reorientation calls for eliminating price controls as well as both explicit and hidden subsidies to industries, introduction of direct cash transfers to the poor in place of the state's own costly production of goods and services, and an aggressive move toward privatization rather than over-reliance on family firms and widely-held corporations. Without these, the requisites of economic stability cannot be fully established, let alone propel significant growth"-- $c Provided by publisher. 505 0 $a Part I. Setting the Stage: 1. India at the Cusp ; 2. 1947-2016: A Tour d'Horizon ; 3. Ends and Means, State and Market -- Part II. The Growth Challenge: 4. Capital Accumulation and Animal Spirits ; 5. Growth and the Employment Problem ; 6. Productivity and Economic Reform ; 7. Ownership, Infrastructure, and the Environment -- Part III. Stability and Inclusio: 8. The Requisites of Macroeconomic Stability ; 9. Education and Health Care: A Question of Quality ; 10. Safety Nets and Social Protection -- Part IV. Political Economy: 11. The State of the State ; 12. India and the World Economy -- Part V. The Future: Long is the Way, and Hard: 13. What is to be Done? What Lies Ahead? 651 0 $a India $x Economic policy $y 1991-2016. 651 0 $a India $x Economic conditions $y 1991- 650 0 $a Economic development $z India. 651 6 $a Inde $x Politique eÌconomique $y 1991-2016. 651 6 $a Inde $x Conditions eÌconomiques $y 1991- 650 6 $a DeÌveloppement eÌconomique $z Inde. 650 7 $a BUSINESS & ECONOMICS $x Economic Development. $x Economic Development. $2 bisacsh 650 7 $a BUSINESS & ECONOMICS $x Economics. $x Economics. $2 bisacsh 650 7 $a HISTORY $z Asia $x India & South Asia. $2 bisacsh 650 7 $a Economic development. $2 fast $0 (OCoLC)fst00901785 650 7 $a Economic history. $2 fast $0 (OCoLC)fst00901974 650 7 $a Economic policy. $2 fast $0 (OCoLC)fst00902025 651 7 $a India. $2 fast $0 (OCoLC)fst01210276 650 7 $a Wirtschaftsentwicklung $2 gnd 650 7 $a Wirtschaftspolitik $2 gnd 651 7 $a Indien $2 gnd 648 7 $a Since 1991 $2 fast 941 $a 1 952 $l PLAX964 $d 20230718092842.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=D35524A0214711EEBC7340321FECA4DB 994 $a 92 $b IOHInitiate Another SILO Locator Search