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, particularly in international trade, investment, and finance. This book examines the issues of financialization, investment climate, and trade liberalization and their effects on the real economy. It provides a unique analysis that accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach. The book answers key questions about the impact of neoliberal reforms on emerging market economies, including how financialization affects economic health, how international trade impacts the informal economy, and how global investment shapes the real economy. It will be valuable for postgraduate students of international economics, development economics, and political economy, especially those interested in India.

Format: Paperback / softback
Length: 248 pages
Publication date: 09 January 2023
Publisher: Taylor & Francis Ltd

Over the past four decades, neoliberal economic reforms have significantly transformed the economic landscape of emerging market economies, including India, in various aspects such as international trade, investment, and finance. These reforms have had profound effects on the real economy, shaping its dynamics and outcomes. In this comprehensive book, we delve into the critical issues of financialization, investment climate, and the impact of trade liberalization. By examining these three key components of neoliberal reform, we offer a unique perspective that accommodates both mainstream neoclassical approaches and non-mainstream political economy perspectives. Our primary objective is to address three fundamental questions related to neoliberal reforms. Firstly, we explore how financialization, as a new process, affects the real economic health of emerging market economies characterized by globalization. Secondly, we examine how the changing nature of international trade under the new regime impacts the informal economy, employment, and trade potential in the home country. Lastly, we examine how global investment has shaped the real economy in emerging countries like India.

This book is particularly valuable for postgraduate students of international economics, particularly development economics and political economy, as well as researchers with a keen interest in India. It provides a comprehensive and insightful analysis of the complex issues surrounding neoliberal reforms and their implications for emerging market economies. The book is well-structured, with each chapter contributing to a coherent understanding of the topic. It includes a wealth of empirical evidence, case studies, and theoretical frameworks to support the arguments presented.

In conclusion, this book is a must-read for anyone interested in understanding the economic transformations in emerging market economies and the role of neoliberal reforms in shaping their economic landscape. It offers a valuable contribution to the literature on international economics and provides valuable insights for policymakers, researchers, and practitioners alike.

Weight: 485g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367675547