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Global order and the new economic policy in India: the (post)colonial formation of the small-scale sector

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  • Anjan Chakrabarti
  • Ajit Chaudhury
  • Stephen Cullenberg

Abstract

Using a class focused Marxist approach, we elucidate the adopted position of Indian small-scale sector as a devalued other within the adopted development paradigm that accords primacy to Capital and West. In the background of this understanding of small-scale sector, we demonstrate how the New Economic Policy in the era of globalization could be theorized as a tool to obtain the (post) colonial hegemony of capital over the small-scale sector. Copyright The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Anjan Chakrabarti & Ajit Chaudhury & Stephen Cullenberg, 2009. "Global order and the new economic policy in India: the (post)colonial formation of the small-scale sector," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(6), pages 1169-1186, November.
  • Handle: RePEc:oup:cambje:v:33:y:2009:i:6:p:1169-1186
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    File URL: http://hdl.handle.net/10.1093/cje/ben008
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