IDEAS home Printed from https://ideas.repec.org/a/ksp/journ6/v2y2015i3p117-127.html
   My bibliography  Save this article

Sectoral Impact of World Bank Loans to India in the Pre and Early Liberalisation Period: An Assessment of Agriculture, Social and Power Sectors

Author

Listed:
  • Gadde OMPRASAD

    (Sikkim University, India.)

Abstract

India’s relations with the World Bank can be traced back to the latter’s origin. India was one of the 17 countries, prepared the agenda for the Bretton Woods Conference ( June 1944). It was also one of the 44 countries which signed the final agreement for the establishment of the Bank. As the Bank operates in India through many kinds of projects, the country obviously offers an experimental ground for learning lessons and getting insights. In the mid of 20th century India assisted the World Bank, by facilitating it to study various problems in sectors like agricultural, social and power sectors to learn and, to “increase its understanding of the fundamental interactions of agriculture, poverty alleviation, and environment development efforts”. Based on these studies World Bank started to suggest policy prescriptions to various problems in these sectors and subsequently what was emerged as and conditionalities based funding. The article provides an insight understanding of the impact of these loans in general and in Agriculture, Social and Power sectors in particular. It confines till the middle of 1990’s from when the actual liberalization period started before engaging the country to a rapid economic growth.

Suggested Citation

  • Gadde OMPRASAD, 2015. "Sectoral Impact of World Bank Loans to India in the Pre and Early Liberalisation Period: An Assessment of Agriculture, Social and Power Sectors," Journal of Economics Bibliography, KSP Journals, vol. 2(3), pages 117-127, September.
    • Handle: RePEc:ksp:journ6:v:2:y:2015:i:3:p:117-127
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEB/article/download/447/512
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEB/article/view/447
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bates, Robert H, 1993. "The Politics of Economic Policy Reform: Review Article," Journal of African Economies, Centre for the Study of African Economies, vol. 2(3), pages 417-433, December.
    2. Gilbert,Christopher L. & Vines,David (ed.), 2000. "The World Bank," Cambridge Books, Cambridge University Press, number 9780521790956.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boockmann, Bernhard & Dreher, Axel, 2003. "The contribution of the IMF and the World Bank to economic freedom," European Journal of Political Economy, Elsevier, vol. 19(3), pages 633-649, September.
    2. Danny Cassimon & Dennis Essers & Achmad Fauzi, 2014. "Indonesia's Debt-for-Development Swaps: Past, Present, and Future," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 50(1), pages 75-100, April.
    3. Cooper, Richard, 2005. "A Half-Century of Development," Scholarly Articles 3677048, Harvard University Department of Economics.
    4. Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2001. "Una Revisión del COmportamiento y de los determinantes del ahorro en el mundo," Central Banking, Analysis, and Economic Policies Book Series, in: Felipe Morandé & Rodrigo Vergara & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edit (ed.),Análisis Empírico del Ahorro en Chile, edition 1, volume 1, chapter 2, pages 13-48, Central Bank of Chile.
    5. James Boyce, 2003. "Aid, Conditionality, and War Economies," Working Papers wp70, Political Economy Research Institute, University of Massachusetts at Amherst.
    6. World Bank, 2002. "The Federal Democratic Republic of Ethiopia : Developing Exports to Promote Growth," World Bank Publications - Reports 15422, The World Bank Group.
    7. World Bank, 2003. "India : Sustaining Reform, Reducing Poverty," World Bank Publications - Reports 14617, The World Bank Group.
    8. Owusu, Francis, 2003. "Pragmatism and the Gradual Shift from Dependency to Neoliberalism: The World Bank, African Leaders and Development Policy in Africa," World Development, Elsevier, vol. 31(10), pages 1655-1672, October.
    9. Martin Ravallion, 2016. "The World Bank: Why It Is Still Needed and Why It Still Disappoints," Journal of Economic Perspectives, American Economic Association, vol. 30(1), pages 77-94, Winter.
    10. Martin Koch, 2012. "International Organizations in Development and Global Inequality: the Example of the World Bank's Pension Policy," WIDER Working Paper Series wp-2012-103, World Institute for Development Economic Research (UNU-WIDER).
    11. John Toye, 2011. "The International Monetary Fund and the World Bank," Chapters, in: Jonathan Michie (ed.), The Handbook of Globalisation, Second Edition, chapter 22, Edward Elgar Publishing.
    12. Lay, Jann & Wiebelt, Manfred, 2001. "Towards a dual education system - a labour market perspective on poverty reduction in Bolivia," Kiel Working Papers 1073, Kiel Institute for the World Economy (IfW Kiel).
    13. Manuela Moschella, 2007. "An International Political Economy Approach to the Neighbourhood Policy. The ENP from the Enlargement and the Mediterranean Perspectives," European Political Economy Review, European Political Economy Infrastructure Consortium, vol. 7(Summer), pages 156-180.
    14. Eneas GAKUSI & Michel GARENNE, 2004. "Vulnerability and Resilience Determinants of under-five mortality changes in Zambia," Working Papers 200406, CERDI.
    15. Robert Holzmann & Mitchell Orenstein & Michal Rutkowski, 2003. "Pension Reform in Europe : Process and Progress," World Bank Publications - Books, The World Bank Group, number 15132, December.
    16. Robert Holzmann, 2002. "Can Investments in Emerging Markets Help to Solve the Ageing Problem?," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 1(2), pages 215-241, September.
    17. Dreher, Axel, 2002. "The Development and Implementation of IMF and World Bank Conditionality," Discussion Paper Series 26352, Hamburg Institute of International Economics.
    18. Koch, Martin, 2012. "International Organizations in Development and Global Inequality: The Example of the World Bank's Pension Policy," WIDER Working Paper Series 103, World Institute for Development Economic Research (UNU-WIDER).
    19. Mohd Nayyer Rahman & Nida Rahman & Abdul Turay & Munir Hassan, 2022. "Do Trade and Poverty Cause Each Other? Evidence from BRICS," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 14(1), pages 9-31, January.
    20. Arjan Verschoor & Adriaan Kalwij, 2006. "Aid, social policies and pro-poor growth," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(4), pages 519-532.

    More about this item

    Keywords

    World Bank and India; Economic policy; Adjustment; Macro economy; Agricultural sector; Social sector; Power sector.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ6:v:2:y:2015:i:3:p:117-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.