Sharma, Chanchal Kumar (2008): A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India. Published in: India Review , Vol. 2, No. 10 (11 May 2011): 126 -184.
Download (155kB) | Preview
This article hypothesizes that economic reforms become sustainable when the discursive conditions prevailing in society tip against the existing paradigm under exceptional circumstances. Thus, unless the pro-liberalization constituencies dominate the development discourse, economic reforms, initiated under the exigencies of crisis and conditionalities, or carried out by a convinced executive with or without the stimulus of a crisis, will be reversed. The discursive conditions are determined based on eight factors: the dominant view of international intellectuals, illustrative country cases, executive orientations, political will, the degree and the perceived causes of economic crisis, attitudes on the part of donor agencies, and the perceived outcomes of economic reforms. The paper seeks to prove this “discursive dominance” hypothesis for the Indian case through a cross-temporal, comparative review of the evolution of economic policy in India over six different phases.
|Item Type:||MPRA Paper|
|Original Title:||A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India|
|English Title:||A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India|
|Keywords:||India; Economic reforms; discursive conditions; discursive dominance;|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East
P - Economic Systems > P0 - General > P00 - General
P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P21 - Planning, Coordination, and Reform
P - Economic Systems > P3 - Socialist Institutions and Their Transitions
H - Public Economics > H8 - Miscellaneous Issues > H83 - Public Administration ; Public Sector Accounting and Audits
E - Macroeconomics and Monetary Economics > E0 - General > E00 - General
A - General Economics and Teaching > A1 - General Economics > A10 - General
|Depositing User:||Chanchal Kumar Sharma|
|Date Deposited:||20 May 2011 10:18|
|Last Modified:||20 Feb 2017 11:40|
Amit Bhaduri and Deepak Nayyar, The Intelligent Person's Guide to Liberalization (New Delhi: Penguin Books, 1996);
Barbara Stallings, “International Influence on Economic Policy: Debt, Stabilization, and Structural Reform,” in Stephan Haggard and Robert R. Kaufman, eds., The Politics of Economic Adjustment (New Jersey: Princeton University Press, 1992), pp. 41-88;
Dalip S. Swami, The Political Economy of Industrialization: From Self-reliance to Globalization (New Delhi: Sage, 1994)
David B. H. Denoon, “Cycles in Indian Economic Liberalization 1966-1996,” Comparative Politics Vol. 31, No. 1 (1998), pp. 46, 48-54.
Douglass C. North, Institutions, Institutional Challenge and Economic Performance (Cambridge: Cambridge University Press, 1990)
Francine R. Frankel, India's Political Economy: 1947-2004 (New Delhi: Oxford University Press, 2005).
Frank Fischer, Reframing Public Policy: Discursive Politics and Deliberative Practices (Oxford: Oxford University Press, 2003), pp. 182-86.
Hernando De Soto, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else (New York: Bantam Press, 2000).
Ian A. Clark, Legitimacy in International Society (New York: Oxford University Press, 2005), p. 193.
J.W. Thomas and M.S. Grindle, “After the Decision: Implementing Policy Reforms in Developing Countries,” World Development Vol. 18, No. 8 (1990), p. 1163-81.
Jagdhish Bhagwati, “India's Economic Reforms and Development,” in Isher Judge Ahluwalia and I. M. D. Little, eds., India's Economic Reforms and Development (New Delhi: Oxford University Press, 1998), p. 35.
Joan M. Nelson, Economic Crisis and Policy Change (Princeton University Press: Princeton, 1990).
John S. Dryzek, Deliberative Democracy and Beyond: Liberals, Critics, Contestations (Oxford: Oxford University Press, 2000), p. 175
Lloyd I. Rudolph and Susanne Hoeber Rudolph, In Pursuit of Lakshmi: The Political Economy of the Indian State (Chicago: The Chicago University Press, 1987)
Mahendra Prasad Singh, “India's National Front and United Front Coalition Governments: A Phase in Federalized Governance,” Asian Survey Vol. 41, No. 2 (2001), p. 350.
Michael Brecher, Nehru's Mantle: The Politics of Succession in India (New York: Frederick A. Praeger, 1966).
Public Interest Research Group (PIRG), Structural Adjustment: Who Really Pays? (Delhi: PIRG, 1992), p. 44.
Rahul Mukherji, “India's Aborted Liberalization-1966,” Pacific Affairs Vol. 73, No. 3 (2000), pp. 375-92.
Rob Jenkins, Democratic Politics and Economic reforms in India (Cambridge: Cambridge University Press, 1999), pp. 172-207
Roy W. Bahl, “Implementation Rules for Fiscal Decentralization,” in M. Govinda
Rao, ed., Development, Poverty and Fiscal Policy: Decentralisation of Institutions (New Delhi: Oxford University Press, 2002), p. 276.
Stanley A. Kochanek, The Congress Party of India: The Dynamics of One-Party Democracy (Princeton: Princeton University Press, 1968)
Stephan Haggard and Sylvia Maxfield, “The Political Economy of Financial Internationalization in the Developing World,” in Robert O. Keohane and Helen V. Milner, eds., Internationalization and Domestic Politics (New York: Cambridge University Press, 1996)