The Market that Failed

Neoliberal Economic Reforms in India

C.P. Chandrasekhar, Jayati Ghosh

LeftWord Books, New Delhi, 2017

Language: English

210 pages

Price INR 125
Book Club Price INR 90
INR 125.00
In stock
SKU
LWB649

The explicit adoption of a neoliberal reform programme in mid-1991 by the Indian government was the start of a period of intensive economic liberalization and changed attitudes towards government intervention in the economy. This book surveys the actual experience of the last decade to argue that this strategy has not just failed to deliver sustained growth, but has had damaging consequences from the point of view of employment, poverty alleviation and equity. It covers a wide range of areas, including fiscal and monetary policy, privatization and the experience with foreign direct investment, and analyses the political economy of the reform process.

C.P. Chandrasekhar

C.P. Chandrasekhar is an economist and former Professor of Economics, Jawaharlal Nehru University, New Delhi. He is a regular columnist for Frontline, Business Line and Economic and Political Weekly.


Jayati Ghosh

Jayati Ghosh taught economics at Jawaharlal Nehru University, New Delhi for nearly thirty-five years and is now Professor of Economics, University of Massachusetts, Amherst, USA. She has been Executive Secretary, International Development Economics Associates (IDEAs) and serves on a number of international commissions.


The Market that Failed