ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Vijay Laxman KelkarSubscribe to Vijay Laxman Kelkar

On Reform of the International Trading System

Trading System Vijay Laxman Kelkar This paper examines the economic factors that have changed the world economy in a fundamental sense, compared to the Bretton Woods system of the fifties, as the quantitative change due to rapid post-war economic growth led to striking qualitative changes. The author discusses the implications for the developed and developing countries of the new wave of technological innovations which has emerged on the world scene as well as the insights of the new trade theories regarding optimal trade policies in the presence of oligopolistic market structures and increasing returns to scale. Against this background, the elements of a new international trading system, based on multilateralism, transparency and universality with the accelerated development of the developing countries as one of the primary objectives are outlined.

Export Subsidy Theory and Practice

Vijay Laxman Kelkar There is inadequate understanding of the logic and analytical basis of export subsidy in developing countries. An attempt has been made in this paper to examine this important commercial policy issue in the perspective of developing countries.

Growth Possibilities in the Indian Economy

This paper argues that the 'initial conditions' for the Sixth Plan are substantially different cam- pared to the earlier experience and consequently the possibilities of growth are much wider.

Evaluation of India s Trade Policies

Vijay Laxman Kelkar The criticism Of the trade policies which have evolved in India since the Second Five-Year Plan has involved the proposition that India's industrialisation strategy has been incorrect and that the causes of the stagnation which the Indian economy is experiencing has to be located in the trade policies that have been followed. This criticism, if it is correct, has profound implications for our future strategies and programmes.
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