Why Growth Matters How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries

ISBN-10: 161039271X
ISBN-13: 9781610392716
Edition: 2013
List price: $32.00
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Description: In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru’s pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses  More...

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Book details

List price: $32.00
Copyright year: 2013
Publisher: PublicAffairs
Publication date: 4/9/2013
Binding: Hardcover
Pages: 304
Size: 6.14" wide x 9.25" long x 0.44" tall
Weight: 1.100
Language: English

In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru’s pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India’s, and by extension the world’s, greatest moral challenge: lifting a great number of extremely poor people out of poverty?Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.

Preface
Introduction The Tryst: The Vision and the Reality
Debunking the Myths
Indian Socialism and the Myths of Growth and Poverty
Myths About the Early Development Strategy
Reforms and Their Impact on Growth and Poverty
Reforms and Inequality
Reforms and Their Impact on Health and Education
Yet Other Myths
The New Challenges: Track I Reforms for Faster and Broader Growth
Track I and Track II Reforms
A Multitude of Labor Laws and Their Reform
Land Acquisition
Infrastructure
Higher Education
Other Track I Reforms
More Effective and Inclusive Redistribution: Track II
Track II Reforms
Attacking Poverty by Guaranteeing Employment
Adult Nutrition and Food Security
Reforming Health Care
Elementary Education
India: Past and Future
Acknowledgments
Socialism Under Nehru
Measuring Inequality: The Gini Coefficient
Key Provisions of the Right to Education Act, 2009
Prime Ministers of India
Notes
References
Index

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