Neoliberalism in the Emerging Economy of India: The Political Economy of International Trade, Investment and Finance

Neoliberal economic reforms have significantly impacted emerging market economies like India in terms of international trade, investment, and finance. This book examines the issues of financialization, investment climate, and trade liberalization, and how they affect the real economy. It is useful for postgraduate students of international economics and researchers interested in India.

Format: Hardback
Length: 248 pages
Publication date: 08 July 2021
Publisher: Taylor & Francis Ltd

Over the past four decades, neoliberal economic reforms have significantly transformed the economic landscape of emerging market economies like India, particularly in terms of international trade, investment, and finance. These reforms have had profound effects on the real economy, shaping its dynamics and outcomes.

This book delves into the critical issues of financialization, investment climate, and the impact of trade liberalization. By examining these three facets of neoliberal reform, the book stands out as unique, as it accommodates both a mainstream neoclassical approach and a non-mainstream political economy perspective. The primary objectives of this book are to address three fundamental lines of inquiry related to neoliberal reforms. Firstly, it explores how financialization, as a new process, affects the real economic health of emerging market economies characterized by globalization. Secondly, it examines how the changing nature of international trade under the new regime impacts the informal economy, employment, and trade potential in the home country. Lastly, it investigates how global investment has shaped the real economy in emerging countries like India.

The book will be of immense value to postgraduate students of international economics, particularly development economics and political economy, as well as researchers with a strong interest in India. It provides a comprehensive and insightful analysis of the complex dynamics and challenges faced by emerging market economies in the era of neoliberal reforms.

Weight: 536g
Dimension: 161 x 243 x 21 (mm)
ISBN-13: 9780367675530