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The political economy of development in India
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The article was published on 1984-01-01 and is currently open access. It has received 488 citations till now. The article focuses on the topics: Information economy & Political economy of climate change.read more
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TL;DR: In this paper, state agencies, local entrepreneurs, and transnational corporations shaped the emergence of computer industries in Brazil, India, and Korea during the seventies and eighties, and the success and failures of state involvement in the process of industrialization have been analyzed.
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The Political Economy of Development in India
Abstract: This paper seeks to review the political economy of the low-level equilibrium trap of slow growth in the Indian economy. Written in the context of Professor Bardhan's 1983 Radhakrishnan lectures, the review makes three sets of observ? ations. First, within the limits of his own analysis, Bardhan has left out a major pressure group, namely, the unionised labour. Secondly, he has under-estimated the economic and political role played by the small-scale industrialists and middle peasants in the political economy of Indian growth. Finally, his analysis in terms of the coalition of the dominant proprietory classes is a static relationship and lacks the historical dimension as to how and why the low level, slow growth equilibrium come about. It is argued that the economic system Bardhan talks about is not viable any more because it can no longer manage the old way the pressures and compulsions it has generated.
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Predatory, developmental, and other apparatuses: A comparative political economy perspective on the Third World state
TL;DR: In this article, the authors argue that the efficacy of the developmental state depends on a meritocratic bureaucracy with a strong sense of corporate identity and a dense set of institutionalized links to private elites.
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The role of institutions in growth and development
Daron Acemoglu,James A. Robinson +1 more
TL;DR: In this article, the authors argue that the main determinants of differences in prosperity across countries are differences in economic institutions, and they illustrate this with a series of pitfalls of institutional reforms.
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Economic Backwardness in Political Perspective
Daron Acemoglu,James A. Robinson +1 more
TL;DR: In this article, the authors construct a simple model where political elites may block technological and institutional development, because of a "political replacement effect." Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced.