A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India
AbstractThis article hypothesizes that economic reforms become sustainable when the discursive conditions prevailing in society tip against the existing paradigm under exceptional circumstances. Thus, unless the pro-liberalization constituencies dominate the development discourse, economic reforms, initiated under the exigencies of crisis and conditionalities, or carried out by a convinced executive with or without the stimulus of a crisis, will be reversed. The discursive conditions are determined based on eight factors: the dominant view of international intellectuals, illustrative country cases, executive orientations, political will, the degree and the perceived causes of economic crisis, attitudes on the part of donor agencies, and the perceived outcomes of economic reforms. The paper seeks to prove this “discursive dominance” hypothesis for the Indian case through a cross-temporal, comparative review of the evolution of economic policy in India over six different phases.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 31001.
Date of creation: Jan 2008
Date of revision: 2010
Publication status: Published in India Review 10.2(2011): pp. 126 -184
India; Economic reforms; discursive conditions; discursive dominance;
Find related papers by JEL classification:
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- P00 - Economic Systems - - General - - - General
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
- E00 - Macroeconomics and Monetary Economics - - General - - - General
- A10 - General Economics and Teaching - - General Economics - - - General
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- Thomas, John W. & Grindle, Merilee S., 1990. "After the decision: Implementing policy reforms in developing countries," World Development, Elsevier, vol. 18(8), pages 1163-1181, August.
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