| Popis: |
The Indian economy has undergone a significant transformation in the 1990s. This has happened in the form of what the Indian government calls ‘liberalization’. The process is broadly seen as an opening up of the Indian market to foreign investment. The logic of this rolling back of relative state control of the production process is largely based in the rhetoric that surrounds what is called ‘globalization’. The debate is taking place in the media, academia and political parties and the most frequently voiced argument is that India should not be ‘left behind in the rapidly shrinking global village’. The debate also occupies an important place in the study of politics of the developing world, to the extent that liberalization, or the opening up of developing economies to international investment, is seen as a key symptom of development itself, while the viability of domestic industry in the presence of international competition, particularly from establishments in the developed world, is ignored. The argument is rejected on the grounds that such an approach would handicap the viability and growth of domestic industries. This rhetoric is difficult to argue against given its apparent intention of favouring the production process in the developing world, even though it ignores the need for continuing infrastructural supportwhich is most essential to the development, and in many cases the very survival, of domestic industry. |
