Fundamental Continuity in the Role of the State

Baldev Raj Nayar

in The Myth of the Shrinking State

Published in print April 2009 | ISBN: 9780195699395
Published online October 2012 | e-ISBN: 9780199080526 | DOI:
Fundamental Continuity in the Role of the State

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In contrast to the notion of the retrenchment of the state as a consequence of globalization and liberalization, this chapter emphasizes a fundamental continuity in the key functions of the state. At the same time, it discerns a shift to greater attention to welfare. That shift is evident in the new approach to economic planning — which stresses not only higher growth but also ‘more inclusive growth’ — in the exponential increases in plan outlays for the social sectors in the latest Five Year Plan, in the right to guaranteed rural employment, and in the expansion of social security schemes. In the face of the evidence, it would be difficult to maintain that liberalization has resulted in less attention to welfare compared with the heyday of the entrepreneurial state.

Keywords: macroeconomic management; globalization; economic liberalization; welfare; economic planning; economic policy; economic growth; social security

Chapter.  7733 words. 

Subjects: Political Economy

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