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Transformation and Development: The Political Economy of Transition in India and China


  • Bagchi, Amiya Kumar
    (Professor, Economics, and Director, Institute of Development Studies Kolkata, India)

  • D'Costa, Anthony P.
    (Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark)


While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in these countries is characterized by deep rural poverty and underdevelopment, and plagued by unprecedented forms of social and economic inequality, reliance on volatile export markets, brutal land grabs, and forms of crony capitalism. This volume brings together twelve wide-ranging essays that collectively engage in discussing key areas of transformation and development, including agriculture, industry, global finance and outward direct foreign investments, science and technology, and R&D policies of these nations. Using an interdisciplinary and multi-level analysis, the volume provides comprehensive and critical insights into the dynamics of the development process in the two countries while exploring the realignment of east-west and north-south relations as well as regional balance. Available in OSO: Contributors to this volume - Amiya Kumar Bagchi is Professor, Economics, and Director, Institute of Development Studies Kolkata, India; Lopamudra Banerjee is Assistant Professor, Economics, New School for Social Research, New York, USA; Parthasarathi Banerjee is Director and researcher, National Institute of Science Technology & Development Studies (NISTADS), New Delhi, India; Nirmal Kumar Chandra, now retired, taught at the Indian Institute of Management Calcutta for many years.; Anthony P. D'Costa is Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark; Ashwini Deshpande is Professor, Economics, Delhi School of Economics, University of Delhi; Shailaja Fennell is Lecturer in Development Studies, Department of Land Economy, University of Cambridge and a fellow of Jesus College; Ho-Fung Hung is Associate Professor, Sociology, Johns Hopkins University; Sunil Mani is Professor and Planning Commission Chair, Centre for Development Studies, Trivandrum, Kerala, India; Yan Ming is Professor, Sociology, Institute of Sociology, Chinese Academy of Social Sciences; R. Nagaraj is Professor, Indira Gandhi Institute of Development Research, Mumbai; Carl Riskin is Distinguished Professor, Economics, Queens College, City University of New York, and Senior Research Scholar, Columbia University; Sanjay Ruparelia is Assistant Professor, Politics, New School for Social Research, New York; Ashwani Saith is Professor, Rural Economics, International Institute of Social Studies, The Hague; Sunanda Sen is National Fellow of the Indian Council of Social Science Research, and Visiting Professor, Institute for Studies in Industrial Development, Delhi, Jamia Millia Islamia University, New Delhi, and the Institute of Development Studies Kolkata, India; Bikramjit Sinha is a Scientist, National Institute of Science Technology and Development Studies, New Delhi; Vamsicharan Vakulabharanam is Associate Professor of Economics, University of Hyderabad, India; Wei Zhong is Professor, Economics, and Director, Institute of Economics, Chinese Academy of Social Sciences.

Suggested Citation

  • Bagchi, Amiya Kumar & D'Costa, Anthony P. (ed.), 2012. "Transformation and Development: The Political Economy of Transition in India and China," OUP Catalogue, Oxford University Press, number 9780198082286.
  • Handle: RePEc:oxp:obooks:9780198082286

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