By R. C. Mascarenhas
During this research, the writer adopts an interdisciplinary point of view on 3rd international improvement, spotting the significance of the interrelationships among the economic system and the society and emphasizing the necessity to direct awareness to political, institutional and old elements. The political economic climate method followed during this research examines the position of the nation in selling political and socio monetary improvement. It takes the location that the nation and industry play a complementary position in that advertising, yet arriving on the applicable combine is the true challenge for policymakers.
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Extra info for Comparative Political Economy of East and South Asia: A Critique of Development Policy and Management
The authors adopt these categories to analyse Indian political and economic development over a period during which state-sponsored development combined with democratic politics survived owing to stable leadership, the British colonial connection and the dominant influence of Hinduism, which until recently has kept itself aloof from the state (the secular tradition) (Lipset, 1995). The demand polity tends to respond to public demands in arriving at policies and is oriented towards short-term goals because electoral success is a determining factor.
There is no doubt, however, that whether one sees a very large or very small role for the market depends on how one judges the seriousness of the problems with markets and planning which we have been describing. In my judgement the problems of the market are particularly severe (relative to those of state intervention) in the areas of health, infrastructure (roads, communications, power, water and so on), education and social security. Those of planning appear most sharply when the government gets heavily involved in production activities outside the infrastructure (Stern, 1989, 621–622).
Therefore, encouraging the development of local level organizations helps local communities to engage in patterns of reciprocity, ‘A multiplicity of primary units may therefore be a necessary condition of the social learning that is relevant to political development’ (Oakersen, 1987, 149, also see Evans 1996, Fields, 1995) Perhaps, suggests Goulet (1989), a new term, ‘political participation’, can be used in place of democracy, a term that is strongly entrenched within modern industrial capitalism.
Comparative Political Economy of East and South Asia: A Critique of Development Policy and Management by R. C. Mascarenhas