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A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India

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  • Sharma, Chanchal Kumar

Abstract

This article hypothesizes that economic reforms become sustainable when the discursive conditions prevailing in society tip against the existing paradigm under exceptional circumstances. Thus, unless the pro-liberalization constituencies dominate the development discourse, economic reforms, initiated under the exigencies of crisis and conditionalities, or carried out by a convinced executive with or without the stimulus of a crisis, will be reversed. The discursive conditions are determined based on eight factors: the dominant view of international intellectuals, illustrative country cases, executive orientations, political will, the degree and the perceived causes of economic crisis, attitudes on the part of donor agencies, and the perceived outcomes of economic reforms. The paper seeks to prove this “discursive dominance” hypothesis for the Indian case through a cross-temporal, comparative review of the evolution of economic policy in India over six different phases.

Suggested Citation

  • Sharma, Chanchal Kumar, 2008. "A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India," MPRA Paper 31001, University Library of Munich, Germany, revised 2010.
  • Handle: RePEc:pra:mprapa:31001
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    File URL: https://mpra.ub.uni-muenchen.de/31001/1/MPRA_paper_31001.pdf
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    References listed on IDEAS

    as
    1. Thomas, John W. & Grindle, Merilee S., 1990. "After the decision: Implementing policy reforms in developing countries," World Development, Elsevier, vol. 18(8), pages 1163-1181, August.
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    More about this item

    Keywords

    India; Economic reforms; discursive conditions; discursive dominance;

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P00 - Economic Systems - - General - - - General
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P3 - Economic Systems - - Socialist Institutions and Their Transitions
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • A10 - General Economics and Teaching - - General Economics - - - General

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