Pathways To Economic Development : Oxford India Short Introductions

This short introduction combines theoretical analysis and historical and contemporary experience to explore alternative paths to economic development. Distinguishing between growth of income and production, poverty and distributional issues, happiness and human functioning and capabilities, this work examines India's performance on the pathways to development. It further analyses the main obstacles and discusses the primary strategies, reviewing debates about the role of the free market and the state, autarkic and open economy approaches and a focus on growth versus distribution and human development, among others. This concise study argues against a doctrinaire neoliberal strategy and favors a balanced approach that pays careful attention to country and time-specific factors. Lucid and jargon-free, this book will interest academics, policymakers and general readers alike.