Reflections on Indian Economic Development and Reform in the Light of Japan
AbstractThe overall record of planned economic development in India over almost half a century has been very poor in terms of the major objectives of transforming the economy and eradication of mass poverty. In this paper, drawing primarily on works on the development of Japan and South Korea, we identify three principal failures: (a) neglecting the traditional sector, (b) inability to initiate a process of learning and capability building and (c) inability to build up a productive government-business relationship. The political economy of these failures are explored and the contrast with Japan is highlighted.
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Bibliographic InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0474.
Length: 15 pages
Date of creation: 1999
Date of revision:
ECONOMIC DEVELOPMENT ; INDIA ; JAPAN;
Find related papers by JEL classification:
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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