Chapter

Political Economy of Development

Jasleen Sindhu

in Growth, Development, and Diversity

Published in print June 2012 | ISBN: 9780198077992
Published online September 2012 | e-ISBN: 9780199081608 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198077992.003.0003
Political Economy of Development

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That Bihar is one of India’s poorest and most economically backward states is undeniable. But what makes the situation unique is that the poor socio-economic development record of the state is despite its rich natural endowments. This chapter analyses the factors behind this phenomenon and argues that institutional, political, and economic factors are mostly responsible for the appalling conditions in Bihar. It also suggests that attempts at righting the wrongs of the past suffered by specific castes and communities in the state, though commendable, has resulted in no more than carving out slices for the chosen few from a cake that is shrinking.

Keywords: Bihar; development; growth; governance; liberalization; caste; infrastructure; human development

Chapter.  9322 words.  Illustrated.

Subjects: Economic Development and Growth

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