The fallacies of globalization: Development or underdevelopment in India?

Globalization heralded the world economy in the 1980s, even though its policy prescriptions were laid out more broadly by neoliberal theorists in the 1960s and 1970s. Globalization endorsed the neoliberal policies of free trade and the free market economy as a counter‐narrative to the growing resurg...

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Publicado en:World Affairs Vol. 187; no. 3; pp. 332 - 347
Autor principal: Lahiry, Sujit
Formato: Artículo
Publicado: Wiley-Blackwell Sep2024
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Acceso en línea:Ver este registro en EBSCOhost
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      dt: Sep2024
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        10.1002/waf2.12028
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        atl: The fallacies of globalization: Development or underdevelopment in India?
      aug:
        au: Lahiry, Sujit
        affil: Panjab University Regional Centre, Muktsar Punjab, , India
      su:
        India
        Globalization
        Social democracy
        Neoliberalism
        Free trade
        Human Development Index
      sug:
        subj:
          Globalization
          Social democracy
          India
          Neoliberalism
          Free trade
          Human Development Index
      keyword:
        亚洲
        人类发展指数
        全球化
        印度
        发展
        欠发达
        经济自由化
        desarrollo
        development
        economic liberalization
        globalización
        globalization
        HDI
        IDH
        liberalización económica
        neoliberalism
        neoliberalismo
        subdesarrollo
        underdevelopment
        desarrollo
        globalización
        IDH
        liberalización económica
        neoliberalismo
        subdesarrollo
        亚洲
        人类发展指数
        全球化
        印度
        发展
        欠发达
        经济自由化
        亚洲
        人类发展指数
        全球化
        印度
        发展
        欠发达
        经济自由化
        desarrollo
        development
        economic liberalization
        globalización
        globalization
        HDI
        IDH
        liberalización económica
        neoliberalism
        neoliberalismo
        subdesarrollo
        underdevelopment
        desarrollo
        globalización
        IDH
        liberalización económica
        neoliberalismo
        subdesarrollo
        亚洲
        人类发展指数
        全球化
        印度
        发展
        欠发达
        经济自由化
      ab: Globalization heralded the world economy in the 1980s, even though its policy prescriptions were laid out more broadly by neoliberal theorists in the 1960s and 1970s. Globalization endorsed the neoliberal policies of free trade and the free market economy as a counter‐narrative to the growing resurgence of the models of "social democracy" in the post‐Second World War period. This article seeks to unravel the inequalities and inequities brought in by the policies of globalization through the prisms of the Indian experience. Through a thorough analysis of the human development index (HDI) indicators, we can only agree with dependency theorists like Andre Gunder Frank and Immanuel Wallerstein that globalization has accentuated the miseries and underdevelopment of a developing country like India. It has exacerbated the class differences between the rich and the poor and deepened poverty, inequality, and unemployment in India.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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