Debdas Banerjee - Economic and Human Development in Contemporary India: Cronyism and Fragility

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Economic and Human Development in Contemporary India

This book deals with issues in economic development in India. It highlights those factors that are indicative of Indias emergence in the global economy yet indicates negative trickle down effects, such as malnutrition, poverty, bonded labourers, high adult unemployment and the widespread use of child labour.

Focusing on structural deficiencies for a steady growth rate, and how to make growth inclusive, the book examines duality in development and the factors standing between national economic prosperity and human development. The author analyses issues concerning international trade, technology, access to food, inequality and poverty, and the catching up of developing countries. A novel approach to the analysis of the Indian economy and other developing countries in the twenty-first century, this book advocates development as a form of governance.

With India as a case study, this book provides a solid framework for looking at developing economies which will be useful to policy-makers and to graduate and post-doctoral students and researchers in the areas of development studies and economics, industrialization and structural change.

Debdas Banerjee is Professor of Economics at the Institute of Development Studies Kolkata, India, and former Fulbright Senior Fellow at MIT, Cambridge, USA. He has authored numerous books and articles on industrialization, international economy, regional disparity, knowledge economy and aspects of labour economics.

Routledge contemporary South Asia series

1. Pakistan

Social and cultural transformations in a Muslim nation

Mohammad A. Qadeer

2. Labor, Democratization and Development in India and Pakistan

Christopher Candland

3. ChinaIndia Relations

Contemporary dynamics

Amardeep Athwal

4. Madrasas in South Asia

Teaching terror?

Jamal Malik

5. Labor, Globalization and the State

Workers, women and migrants confront Neoliberalism

Edited by Debdas Banerjee and Michael Goldfield

6. Indian Literature and Popular Cinema

Recasting classics

Edited by Heidi R.M. Pauwels

7. Islamist Militancy in Bangladesh

A complex web

Ali Riaz

8. Regionalism in South Asia

Negotiating cooperation, institutional structures

Kishore C. Dash

9. Federalism, Nationalism and Development

India and the Punjab economy

Pritam Singh

10. Human Development and Social Power

Perspectives from South Asia

Ananya Mukherjee Reed

11. The South Asian Diaspora

Transnational networks and changing identities

Edited by Rajesh Rai and Peter Reeves

12. PakistanJapan Relations

Continuity and change in economic relations and security interests

Ahmad Rashid Malik

13. Himalayan Frontiers of India

Historical, geo-political and strategic perspectives

K. Warikoo

14. Indias Open-Economy Policy

Globalism, rivalry, continuity

Jalal Alamgir

15. The Separatist Conflict in Sri Lanka

Terrorism, ethnicity, political economy

Asoka Bandarage

16. Indias Energy Security

Edited by Ligia Noronha and Anant Sudarshan

17. Globalization and the Middle Classes in India

The social and cultural impact of neoliberal reforms

Ruchira Ganguly-Scrase and Timothy J. Scrase

18. Water Policy Processes in India

Discourses of power and resistance

Vandana Asthana

19. Minority Governments in India

The puzzle of elusive majorities

Csaba Nikolenyi

20. The Maoist Insurgency in Nepal

Revolution in the twenty-first century

Edited by Mahendra Lawoti and Anup K. Pahari

21. Global Capital and Peripheral Labour

The history and political economy of plantation workers in India

K. Ravi Raman

22. Maoism in India

Reincarnation of ultra-left wing extremism in the 21st Century

Bidyut Chakrabarty and Rajat Kujur

23. Economic and Human Development in Contemporary India

Cronyism and fragility

Debdas Banerjee

Economic and Human Development in Contemporary India

Cronyism and fragility

Debdas Banerjee

LONDON AND NEW YORK

First published 2010
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

Simultaneously published in the USA and Canada
by Routledge
270 Madison Ave, New York, NY 10016

Routledge is an imprint of the Taylor & Francis Group, an informa business

This edition published in the Taylor & Francis e-Library, 2009.

To purchase your own copy of this or any of Taylor & Francis or Routledges collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.

2010 Debdas Banerjee

All rights reserved. No part of this book may be reprinted or reproduced
or utilised in any form or by any electronic, mechanical, or other means,
now known or hereafter invented, including photocopying and recording,
or in any information storage or retrieval system, with out permission in
writing from the publishers.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library.

Library of Congress Cataloging in Publication Data
Banerjee, Debdas.
Economic and human development in contemporary India : cronyism and
fragility / Debdas Banerjee.
p. cm. (Routledge contemporary South Asia series ; 23)
Includes bibliographical references and index.
ISBN 978-0-415-55974-4 (hbk. : alk. paper) ISBN 978-0-203-86643-6
(ebook) 1. IndiaEconomic policy. 2. IndiaSocial policy. 3. India
Economic conditions. 4. IndiaSocial conditions. I. Title.
HC435.3.B347 2010
330.954dc22 2009018313

ISBN 0-203-86643-6 Master e-book ISBN

ISBN 10: 0-415-55974-X (hbk)

ISBN 10: 0-203-88643-6 (ebk)

ISBN 13: 978-0-415-55974-4 (hbk)

ISBN 13: 978-0-203-86643-6 (ebk)

Sudeshna, Arka
and to all those who motivated me

Contents

Figures

2.1	R&D costs and the length of product life cycle: defining the NorthSouth divide
2.2	Services: composition of skilled labour in different sectors

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