Chapter

The Political Economy of Reforms: Some Individual Initiatives

Suresh D. Tendulkar and T.A. Bhavani

in Understanding Reforms

Published in print August 2012 | ISBN: 9780198085584
Published online September 2012 | e-ISBN: 9780199082087 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198085584.003.0008
The Political Economy of Reforms: Some Individual Initiatives

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This chapter examines the political economy of selected individual reform measures to provide a flavour of the interplay of specific domestic and international economic interest groups in influencing their time path of reforms. Two procedural and two institutional reforms are selected to bring out the strengths and limitations of coalition politics: liberalization of domestic and international private investment, liberalization of international trade in goods and services, privatization of government-owned commercial enterprises, and organized labour market reforms. The chapter analyses how the central government has been in the driver’s seat in steering the overall pace and direction of reforms.

Keywords: reforms; political economy; labour market duality; foreign direct investment (FDI); tariffs; privatization; public-sector enterprises; trade unions; labour market; social equity

Chapter.  17753 words.  Illustrated.

Subjects: Economic Development and Growth

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