IDEAS home Printed from
   My bibliography  Save this article

The Costs of Hesitant and Reluctant Globalization: India


  • T. N. Srinivasan

    (Yale University, New Haven, Connecticut, USA)


The paper reviews the cost and benefits of globalization (i.e. greater integration of national and global economies) from the perspective of India. It argues that India’s hesitant and reluctant globalization had a significant cost in terms of forgone growth, delay in the eradication of poverty and lagging behind other developing economies particularly China. It stresses the importance of the successful conclusion of the Doha Round of Multilateral Trade Negotiations and the role that India can play in them by moving away from its traditional defensive posture to a proactive one of willingness to engage the developed countries in the process of mutually beneficial across the board liberalization of trade in goods and services.

Suggested Citation

  • T. N. Srinivasan, 2003. "The Costs of Hesitant and Reluctant Globalization: India," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 38(2), pages 131-155, July.
  • Handle: RePEc:dse:indecr:v:38:y:2003:i:2:p:131-155

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item


    Globalization; Outward Orientation; Capital Controls; Doha Round; India’s Economic Reforms;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy


    Access and download statistics


    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:dse:indecr:v:38:y:2003:i:2:p:131-155. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pami Dua). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.