Economic Transformation of a Developing Economy
The Experience of Punjab, India
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Beschreibung
This book traces the development experience of one of India’s most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab’s economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab’s economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state’s economy.
Foreword by Prof. Kaushik Basu
This book traces the development experience of one of India’s most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab’s economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab’s economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state’s economy.
Comprehensively assesses the economic transformation of a developing economy Prescribes policy measures for transforming Punjab’s economy Provides a fresh perspective on resolving roadblocks in developing economies by employing a structural transformation theoretical construct Includes supplementary material: sn.pub/extras
Autor*in
Lakhwinder Singh
Themen in »Economic Transformation of a Developing Economy«
Economic Transformation Regional Economics Punjab Economy Agrarian Markets Developing Economies
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“I have found the book … to be quite timely and useful. What this book uniquely offers is an incisive and comprehensive look at how economic transition, in this case, a service-led structural transformation, has affected a predominantly rural and agriculture economy. The book is organized in 21 contributed chapters and is systematically organized into seven sections. ... This book will surely benefit economists and researchers of countries whose structural transformation is still being designed.” (Leonardo A. Lanzona, Jr., Millennial Asia, Vol. 7 (2), 2016)
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