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India and ‘European’ evolutionary political economy

Author

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  • Smita Srinivas

    (Open University
    Open University and University of Edinburgh
    University College London (UCL))

Abstract

Evolutionary political economy (EPE) deals with populations and economic change over time but has not been systematised beyond European industrial history. The world’s largest democracy India, despite challenges from COVID-19, is now the fastest growing and 5th largest economy in the world, transitioning into a distinct period of industrial deepening, with export expansion in engineering products and services, huge outlays on airports, highways and rail systems, new domestic defence initiatives to boost indigenous R&D, yet retains a global diplomatic stance as a responsible nation–state from vaccine sharing to Asian security. This commentary explores the Indian case to argue that EPE’s combinatorial approach to technological capabilities and industrial development can be considerably strengthened from the study of non-European cases.

Suggested Citation

  • Smita Srinivas, 2023. "India and ‘European’ evolutionary political economy," Review of Evolutionary Political Economy, Springer, vol. 4(2), pages 415-443, July.
    • Handle: RePEc:spr:revepe:v:4:y:2023:i:2:d:10.1007_s43253-023-00105-x
    DOI: 10.1007/s43253-023-00105-x
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    References listed on IDEAS

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    More about this item

    Keywords

    India; Economic development; Evolutionary political economy; Institutions; Institutional variety; Technological capabilities;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • N00 - Economic History - - General - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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