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Alternate paths to economic development: a comparative analysis of Brazil and India in the era of neoliberalism

Author

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  • Rahul A. Sirohi

Abstract

This paper compares and contrasts Brazilian and Indian strategies of development during the era of neo-liberalism from a long period perspective. The Brazilian economy has attempted to combine the goals of redistribution and social equity with the goals of growth and productivity. India on the other hand has pursued a growth maximizing approach to development, while paying little or no attention to the larger goals of human well-being. The article seeks to understand the dynamics of economic change in the two economies and attempts to draw out the institutional and political factors that have influenced these approaches. JEL Classification: I00; H5; O5; O20.

Suggested Citation

  • Rahul A. Sirohi, 2017. "Alternate paths to economic development: a comparative analysis of Brazil and India in the era of neoliberalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 37(2), pages 304-323.
    • Handle: RePEc:ekm:repojs:v:37:y:2017:i:2:p:304-323:id:134
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/134/122
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    Cited by:

    1. Sumon Kumar Bhaumik & Richard Frensch & Stephan Huber, 2021. "Political economy of labor market institutions in a globalised era," Working Papers 391, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).

    More about this item

    Keywords

    Neoliberalism; human development; Brazil; India;
    All these keywords.

    JEL classification:

    • I00 - Health, Education, and Welfare - - General - - - General
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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