Chapter

Postscript

T.N. Srinivasan

in Eight Lectures on India's Economic Reforms

Published in print June 2000 | ISBN: 9780195652826
Published online October 2012 | e-ISBN: 9780199080649 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195652826.003.0009
Postscript

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This chapter highlights the omission of a discussion on the politics or political economy of reforms in India. It explains that political economy is a very important factor to the success of any reform agenda. It argues that a reform agenda not based on political realities is a recipe for frustration and stresses the importance of visionary political leadership mobilizing the people and convincing them that reforms are in their interest. It proposes issues that should be considered by India's political leaders in the millennium rounds of multilateral trade negotiations. These include elimination of high tariffs, new agreements on foreign direct investment, and liberalization of movement of natural persons.

Keywords: political economy; reforms; India; political leadership; multilateral trade negotiations; high tariffs; foreign direct investment; liberalization

Chapter.  3089 words. 

Subjects: Economic Development and Growth

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