As India, one of the world's fastest-growing economies, races towards becoming a major world power, all-too-familiar disadvantages and drawbacks hold the country back – extreme poverty, poor governance and, importantly, difficult international markets. The one issue that needs to be addressed today is how India, and indeed other less-developed nations, can achieve its full growth potential.
Presented in this volume are the thoughts of leading economists on India's rocky relationship with globalization. Drawing from lectures by Jagdish Bhagwati, Meghnad Desai, Avinash Dixit, Edmund Phelps, Amartya Sen, Robert Skidelsky and Joseph Stiglitz, which were organized by the Shri Ram Centre for Industrial Relations and Human Resources, New Delhi, this volume brings together all the major arguments for equitable globalization.
Tracking Globalization includes an insightful introduction by the editor, J.S. Sodhi, and discussions on the topics as varied as the need to break down trade barriers and monopolies, the failures of India's licence permit raj, and India's strengths, such as the large population of people of working age with English-language skills. Accessible and comprehensive, this volume is an indispensible guide to making globalization work for India.