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

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Development with Equity

C T Kurien Paradigms of Economic Development by Arun Ghosh; Indian Institute of Advanced Study, Shimla, 1996; pp 128, Rs 180. THE wave of 'economic reforms' indifferent parts of the world, including India, in the late 1980s and the 1990s, questioning the role of the state in the realm of the economy and providing a privileged role for the market has led to a re-examination of development policies and their theoretical underpinnings. Arun Ghosh's monograph is a contribution to this emerging critique of economic policies and theories, It is (as stated in the Preface) an amended, rearranged and expanded version of three lectures delivered by the author at the Indian Institute of Advanced Study at Shimla during May 1993. Readers have to be reminded that Ghosh has been one of the most outspoken critics of the Indian economic reforms launched in 1991. Those who are familiar with his Planning in India: The Challenge for the Nineties (1992) and India in Transition: Economic Policy Options (1993) will know that his opposition has been not to economic reforms as such, but to an economic policy which leaves the development of a country of mass poverty largely to the forces of the market coming under the domination of capital, both Indian and foreign.

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