A+| A| A-

Maoist Baggage

a substantial amount of relevant information, is generally well aware of the issues involved and takes a balanced view of the role of service TNCs in the global economy and the likely impact of LDCs. It notes that while the services provided by TNCs may be necessary for LDCs to compete in world commodity markets, establishment of branches and subsidiaries is contingent on having an adequate supply of skilled people as modern services are skill-intensive. It also states that the pos sibility of factor substitution is more limited in production of such services. Therefore, LDCs could not become internationally competitive in production of services as they have in the production of goods through using their abundant cheap labour. Many services are capital-intensive so that their employment potential would be limited. The MS volume is much more ideologically driven. While the first part is interesting and the analysis rigorous the sector and country papers are disappointing.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

The Past at Every Corner Delhi: Ancient History edited by Upinder Singh; Social Science Press, New Delhi,
Shonaleeka Kaul Delhi: Ancient...

Women and the Politics of Class by Johanna Brenner

Explorations in Pragmatic Economics Selected papers of George A Akerlof

This paper re-examines the monetary aggregation procedure in India in the context of the new monetary aggregates proposed by the Third Working...

characterisations, and it must be admitted that his writing does smack of overkill, the problem remains. How do we explain the continued...

Harsh Sethi Development, Ethnicity and Human Rights in South Asia by Ross Mallick; Sage Publications, Delhi, 1998; pp 375, Rs 425.
MOST...

on the part of the Bengali middle class to de-class their identity through the praxis of the stage has its thrills, even as the tragedy it...

Ashok Mitra The Mirror of Class: Essays on Bengali Theatre by Himani Bannerji; Papyrus, Calcutta, 1998; pp 240, Rs 200.
IT would be an...

Failed Idealism Anirudh Deshpande J P: His Biography by Allan and Wendy Scarfe (revised edition); Orient Longman, New Delhi, 1998; pp 274 (21...

Back to Top