Chapter

Transformation and Development

Amiya Kumar Bagchi and Anthony P. D’Costa

in Transformation and Development

Published in print November 2012 | ISBN: 9780198082286
Published online January 2013 | e-ISBN: 9780199082377 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198082286.003.0001
Transformation and Development

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This chapter begins by briefly setting out the book's purpose, which is to capture some elements of the transformation process in India and China, focusing on the transformation of agrarian, essentially pre-industrial economies into industrialized ones. It then describes the analytical framework used to review the transformation process. It presents five key themes around which the transformation can be investigated: (i) agriculture; (ii) savings and investment; (iii) industry, exports, and global finance; (iv) inequality; and (v) science and technology. When linked to the growth process, these themes reveal not only specific mechanisms of change but also contradictions that accompany growth. An overview of the subsequent chapters is presented followed by some conclusions.

Keywords: economic transformation; economic development; industrialization; agriculture; savings; investment; exports; global finance; inequality

Chapter.  14008 words.  Illustrated.

Subjects: Comparative Politics

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