India: Macroeconomics and Political Economy, 1964-1991~World Bank comparativemacroeconomic studies

摘要

Part 1 of the book is essentially introductory. Chapter 1 introduces India andgives some relevant history. Chapter 2, which describes the nature of markets and the rather dominant role of the public sector and the government. Part 2 is a historical account of short-run economic policy interventions and their outcomes, together with the changing political backgrounds. It starts in chapter 3 with a sketch of macroeconomic events and political economy over the entire period. The next four chapters focus in more detail on each of the four crises identified in chapter 3. Part 2 ends with an evaluation in chapter 8 of short-term economic management. Part 3 is concerned with trends in policy and their long-run effects. The main areas of policy are treated separately--fiscal policy in chapter 9, monetary policy in chapter 10, and trade and payments policy in chapter 11. Chapters 12 and 13 are more concerned with the long run.