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Globalisation, Competition and Economic Stability

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  • V. R. Panchamukhi

Abstract

The GLJP strategy is complemented by market fundamentalism, implying major emphasis on market forces and reduction in the role of the state. The systematic revolution also implies significant structural changes But the phenomenon is not without paradoxes and calls for cautious steps. Various lessons are to be learnt from the Mexican misery. The author discusses in detail about the right approach for India so that the country evades any misery. The concept of ‘Tobin Tax’ is worth examining.

Suggested Citation

  • V. R. Panchamukhi, 1998. "Globalisation, Competition and Economic Stability," Paradigm, , vol. 1(2), pages 14-31, January.
    • Handle: RePEc:sae:padigm:v:1:y:1998:i:2:p:14-31
    DOI: 10.1177/0971890719980204
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