Description
Book SynopsisIndia''s recent economic transformation has fascinated scholars, global leaders, and interested observers alike. In 1990, India was a closed economy and a hesitant and isolated economic power. By 2016, India has rapidly risen on the global economic stage; foreign trade now drives more than half of the economy and Indian multinationals pursue global alliances. Focusing on second-generation reforms of the late 1990s, Aseema Sinha explores what facilitated global integration in a self-reliant country pre-disposed to nationalist ideas. The author argues that the impact of globalization on India has affected trade policy as well as India''s trade capacities and private sector reform. India should no longer be viewed solely through a national lens; globalization is closely linked to the ambitions of a rising India. The study uses fieldwork undertaken in Geneva, New Delhi, Mumbai and Washington DC, interviews with business and trade officials, as well as a close analysis of the textile and ph
Trade Review'Well written, tightly argued, and based on superb research, the book resonates well among seasoned IPE specialists familiar with neo-liberal experiences in Latin America and East Asia; novices will find it chock full of valuable insights … Recommended. Graduate students through professionals.' E. Pang, Choice
Table of Contents1. How global markets and rules are shaping India's rise to power; 2. A theory of causal mechanisms and global design-in-motion; 3. Trade, statecraft, and changing state capacity in India; 4. Realigning interests towards global reach: changes in India's pharmaceutical sector; 5. Mobilizing new interests and tying the State's hands: decline and revival in the textile sector; 6. Interests in motion: private sector change in India's textile sector; 7. Mechanisms of change within global markets; 8. Conclusion; Appendix; Bibliography; Index.
