Mazumdar, Surajit (2008): Crony Capitalism and India: Before and After Liberalization.
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This paper, the second in the series, initiates the examination of the nature of the relationship between private capital and the State in India. While the principal focus is on the present context of India under a liberal economic policy regime, both the past of Indian capitalism and the past discussion on the concentration of economic power are also brought into the picture to substantiate the key arguments. The paper provides theoretical and also some limited empirical substantiation for the proposition that unlike what would be the prediction of crony capitalism theory, liberalization, rather than reducing the degree of subordination of public authority to private capital, has only facilitated an enhanced degree of state capture
|Item Type:||MPRA Paper|
|Original Title:||Crony Capitalism and India: Before and After Liberalization|
|English Title:||Crony Capitalism and India: Before and After Liberalization|
|Keywords:||India; Crony Capitalism; Liberalization; Concentration|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy
|Depositing User:||Surajit Mazumdar|
|Date Deposited:||30. Dec 2009 10:05|
|Last Modified:||12. Feb 2013 11:13|
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