Book-review India's Long Road: The Search for Prosperity

Gupta, Avinash (2018): Book-review India's Long Road: The Search for Prosperity.

Abstract

What policies and policy reforms can put India on the path of rapid and sustained economic growth and hence prosperity (defined in this work as average incomes close to Portugal’s and where national income is widely shared to ensure reasonable living standards for the poorest)? The analytical lenses coming from neoclassical economics—predictable given Dr Joshi’s training and subsequent affiliations—the book delves into, not only the probable explanations underlying India’s suboptimal economic growth and development performance, but also outlines the required policy initiatives to improve economic and social development outcomes. Several reforms suggested, such as in public health, are indeed critically impending ones (Chapter 9).

• Item Type: MPRA Paper
• Language: English
• Keywords: Underdevelopment, critical analysis, political and social dynamics in economic development
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H25 - Business Taxes and Subsidies; L - Industrial Organization > L5 - Regulation and Industrial Policy; N - Economic History > N6 - Manufacturing and Construction; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O25 - Industrial Policy; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P26 - Political Economy ; Property Rights

References

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