India's Unfinished Journey Transforming Growth into Development

2006 ◽  
Vol 40 (3) ◽  
pp. 797-832 ◽  
Author(s):  
DEEPAK NAYYAR
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Economic Performance ◽  
Historical Perspective ◽  
Turning Point ◽  
Well Being ◽  
Economic Liberalization ◽  
The Real ◽  
The Past ◽  
Better Than

This paper situates the economic performance of independent India in historical perspective to evaluate the past and reflect on the future. It shows that the turning point in economic growth was circa 1951 in the long twentieth century and circa 1980 in India since independence. Thus, it is not possible to attribute the turnaround in India's performance to economic liberalization beginning 1991. During the period 1950–1980, economic growth in India was respectable, for it was a radical departure from the past and no worse than the performance of most countries. During the period 1980–2005, economic growth in India was impressive, indeed much better than in most countries. The real failure in both these periods was India's inability to transform this growth into well-being for all its people. And India's unfinished journey in development cannot be complete as long as poverty, deprivation and exclusion persist. Even so, with correctives, it should be possible to reach the destination.

scholarly journals Psychocapital and Shangri-Las: How happiness became both a means and end to governmentality

2013 ◽  
Vol 5 (1) ◽  
pp. 36-50 ◽  
Author(s):  
F. Mckay
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Subjective Well Being ◽  
The Past ◽  
Means And Ends ◽  
History Of ◽  
The Uk ◽  
Mental Well Being ◽  
Politics Of Happiness

In this paper a paradox is revealed in the politics of well-being over the means and ends of happiness. That paradox, in brief, is that although happiness is argued to be the ultimate end of all governmentality, in order to serve as that end, it first needs to be translated into a means for bolstering the economy, for only that way can a teleology of happiness gain a foothold in a world which prioritizes economic growth as an end in itself. To show this the paper gives a history of subjective well-being (SWB) research, and contrasts it with the politics of happiness in the UK, where SWB has in the past decade been translated into a discourse around the psychological wealth of the nation via the concepts of mental capital (MC) and mental well-being (MWB).

The Relation between Money and Happiness in MENA Countries

2016 ◽  
pp. 111-124
Author(s):  
Hilal Yıldız
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Economic Performance ◽  
Well Being ◽  
Cultural Performance ◽  
Mena Region ◽  
Mena Countries ◽  
Crucial Question ◽  
The People ◽  
The Relationship

Even though economic growth plays very important role in development, governments stressed the importance of happiness now. The crucial question is that what exactly is the relationship between happiness and money? Or, what can determine happiness? In recent years, the human well-being of its people has been accepted as a new economic inequalities measure. Not only economic performance of the country but also social, political and cultural performance of the country has been accepted as an indicator of better life of the people. Questions which will be discussed are thinking whether or not economic growth plays a major role in happiness and how the relation between economic growth and happiness. The purpose of this chapter is to investigate the relationship between economic growth and happiness in the MENA Region using an empirical analysis.

The Obsequies of Realism

Philosophy ◽  
1932 ◽  
Vol 7 (26) ◽  
pp. 201-214
Author(s):  
John Laird
Keyword(s):  
Twentieth Century ◽  
Past Tense ◽  
New Realism ◽  
The Past ◽  
Better Than

It is the custom, nowadays, to say that “realism” is very dead indeed, and to speak of it invariably in the past tense, or only in the historical present. What happened, we are told, was that, during the first quarter of the twentieth century, two distinct bodies of men propounded either “naïf” or “new” realism. The naif realists followed Mr. G. E. Moore—to some extent and without his consent; and they were called naif (by some misogynist) because the masculine form of the adjective expressed their rugged creed better than the more usual feminine form. (They were esprits forts rather than esprits fins).

Economic Growth and Change in China: A Twenty-Year Perspective

1973 ◽  
Vol 54 ◽  
pp. 211-241 ◽  
Author(s):  
Alexander Eckstein
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Rapid Expansion ◽  
The Past ◽  
The 1950S ◽  
Growth And Change ◽  
The 1960S

Maoist ideology and policy imposed on the realities of China's economic backwardness and the scarcities resulting therefrom have produced a peculiar and sharply contrasting pattern of development during the past two decades. The differences in economic performance were so marked – characterized by rapid expansion in the 1950s and stagnation in the 1960s – that it almost seems as though one were dealing with economies in two entirely different settings, perhaps even in two different countries.

Recent Economic Trends in Sri Lanka

1983 ◽  
Vol 14 (2) ◽  
pp. 262-265 ◽  
Author(s):  
Richard Hooley
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Open Economy ◽  
Economic Performance ◽  
Small Open Economy ◽  
Economic Structure ◽  
Asian Countries ◽  
The Past ◽  
Economic Trends ◽  
Southeast Asian Countries

While Sri Lanka is geographically closer to India, there are greater similarities in economic structure with many Southeast Asian countries. Sri Lanka is a small open economy. Foreign trade has always played a pivotal role in the functioning of the economy. Politically the country has exhibited a preference for democratic parliamentary forms of government, which are compatible with an underlying cultural individualism. There are important differences, however, in both the tempo and direction of economic growth over the past two decades, and these differences, along with the underlying policy strategies that produced them, are potentially instructive in any consideration of economic performance in the region.

scholarly journals Models of regional competitiveness: priority influencing factors

2021 ◽  
Vol 301 ◽  
pp. 04005
Author(s):  
Andrea Čajková ◽  
Evgenya Romanova ◽  
Svetlana Tolstikova ◽  
Boris Abushkin
Keyword(s):  
Economic Growth ◽  
Foreign Trade ◽  
Influencing Factors ◽  
Economic Performance ◽  
Decisive Role ◽  
Well Being ◽  
International Competition ◽  
Regional Competitiveness ◽  
Efficient Outcome ◽  
Conceptual Background

This study examines the conceptual background to specific aspects of competitiveness and examines one of the fundamental models for improving regional competitiveness. Regional competitiveness is an important factor of achieving economic growth and increasing the well-being. It plays a decisive role in enhancing the productivity and the economic performance of state and business enterprises and can also be used as a measure for the success of these enterprises as well as the proxy for their degree of openness to national and international competition and foreign trade. Furthermore, we present a theory of the movement of labour capital between regions and countries. Moreover, we show that factor allocation deviates from the most efficient outcome when the market is not working.

scholarly journals Innovations in achieving sustainable economic performance under income inequality

2021 ◽  
Vol 5 (2) ◽  
pp. 146-154
Author(s):  
Inna Cabelkova ◽  
Manuela Tvaronaviciene ◽  
Wadim Strielkowski
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Income Inequality ◽  
Economic Performance ◽  
Financial Services ◽  
Developing Economies ◽  
Well Being ◽  
Middle Income ◽  
Middle Income Countries ◽  
The Impact

The negative effect of income inequality on economic growth represents a topic that constitutes a broad topic of research in the standard economic theory. One of the immediate consequences of income inequality is diminished consumption. Many «poor» customers cannot provide sufficient demand for the producers, causing overproduction that might lead to an economic crisis. It constitutes a problem because sustainable economic performance needs to be achieved under the conditions of income inequality. Reducing social and economic inequality in countries is an essential step towards ensuring that no one is left behind. It is also part of the 10th Sustainable Development Goal aimed to reduce it by 2030. Inequality is based on the income distribution between the top 1% and the bottom 99% of households in any given country. The degree of inequality could play a beneficial role if it is driven by market forces and is associated with incentives to increase growth. In developing and emerging countries, greater equality and improvements in living standards are needed to enable populations to flourish. Inequality reduction is one of the most critical steps a government could take to improve the well-being of its population. The income inequality growth increases human capital in poor countries and reduces it in high and middle-income countries. In poorer countries, it increases them, but in higher – and middle-income countries, it reduces them. Income inequality could be reduced by improving human capital and general skill levels, correcting labor-market policies, and making better use of financial services. In turn, sustainable economic growth could reverse the negative effects of inequality, reducing the need for high-wage and higher-earning households. Thus, it provides higher economic growth. This paper discusses three ways to circumvent the impact of decreasing consumption on economic growth adopted in developing economies over the last fifty years, such as increasing exports, providing loans for consumption, and printing new money. The findings showed that none of these methods seem to be sustainable in the long run. Thus novel and innovative mechanisms that would allow our economy to reduce inequality are necessary and need to be put into place.

scholarly journals Nepal’s Democratic Deficit and Federalism Is it a cure or part of the problem?

2011 ◽  
Vol 9 (1) ◽  
pp. 39-66 ◽  
Author(s):  
Ganga Bahadur Thapa ◽  
Jan Sharma
Keyword(s):  
Local Governance ◽  
Well Being ◽  
Economic Power ◽  
Democratic Deficit ◽  
Economic Prosperity ◽  
Popular Support ◽  
The Real ◽  
The Past ◽  
Constituent Assembly

Since the second democratic opening in 1990, Nepal has suffered from a democratic deficit due to the new leaders’ failure to institutionalise democracy by promoting inclusion, representation, and responsiveness. The concept of federalism, as argued in Nepal today, reflects the failure of the past and the determination to give local governance the real political and economic power. The fringe leftist and rightist parties oppose federalism, arguing that it will create deep divisions. Some of them even assume that the country may ultimately disappear altogether. In view of the widespread popular support, the challenge is to use federalism as an opportunity for prudently promoting inclusive, participatory, and responsive governance in the interest of economic prosperity and social well-being of the Nepali people. KEYWORDS: • federalism • monarchy • decentralisation • democracy • transition • constituent assembly • Nepal

A Historical Perspective on Crime Fiction in Mexico During the Middle Decades of the Twentieth Century

2016 ◽  
Author(s):  
Pablo Piccato
Keyword(s):  
Twentieth Century ◽  
Historical Perspective ◽  
Crime Fiction ◽  
The State ◽  
Urban Centers ◽  
Life World ◽  
Critical Engagement ◽  
The World ◽  
Better Than

Detective and murder stories emerged and had their moment of greatest popularity in Mexico in the 1940s and 1950s. Although this genre has been neglected in scholarship, this essay argues that it catered to a growing number of readers and authors eager to make sense of a Mexican reality seen as closely connected with the rest of the world. This article surveys this production during the middle decades of the twentieth century and argues that, despite great differences in their styles and themes, these narratives illustrate the critical engagement of Mexican readers with the state, particularly in relation to its inability to provide justice through police and judicial investigations. Better than any other cultural text or field of knowledge, this literature, along with the police news in newspapers, laid out the coordinates that readers in Mexico’s rapidly expanding urban centers had to follow in order to navigate that complex life-world.

scholarly journals Ontwikkeling – die illusie van die twintigste eeu?

2004 ◽  
Vol 38 (2) ◽  
Author(s):  
B.J. Van der Walt
Keyword(s):  
Twentieth Century ◽  
South African ◽  
Well Being ◽  
Development Projects ◽  
Historical Overview ◽  
Success Story ◽  
The Past ◽  
Christian Perspective ◽  
Critical Insight ◽  
Scientific Results

Development – the illusion of the twentieth century? Extensive research during especially the last decade has indicated inter alia that development has not been the success story so often portrayed; that the concept itself is not as clear as it was supposed to be and that the current kind of development is not necessarily the only way to advance human well-being. The question has even been asked whether development was not the great(est) illusion of the past fifty years. Christians and the various South African denominations which, because of the poverty in society, are getting involved in all kinds of development projects, should take cognisance of these scientific results about development. To prevent ultimate disappointment the aim of this article is not to reject the alleviation of poverty through development. An overview of the massive amount of available material intends to contribute towards more critical insight. By way of a brief historical overview this article first traces the origin and ideal of development. Without ignoring the successful projects, it then draws attention to the general failure of development. This is followed by a more detailed investigation into the possible reasons for its failure. In conclusion the alternative of a Christian perspective on development is considered.

Sign in / Sign up

Export Citation Format

Share Document