Abstract
In East Asia, 1997 will be remembered as the year of the financial crisis. After 30 years of very high growth rates, three ASEAN countries and South Korea plunged into deep economic crisis. This crisis overshadowed other events: the fiftieth anniversary of the independence of South Asia, or the partition of British India into two separate States: the republics of India and Pakistan, whose eastern part became Bangladesh in 1971. International attention remained focused on SA in 1998 due to the nuclear tests of India and Pakistan and the ensuing sanctions. These tensions notwithstanding, SA was the fastest growing region of the developing world after China. Its growth rate was 4.6 per cent in 1998 and it is expected to reach 5.5 per cent in 1999–2000 (World Bank News, 13 October 1998).
Gianni Vaggi wishes to acknowledge the financial support of the Italian Ministry of University and Technical Research (MURST) and the hospitality of St John’s College, Cambridge.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ahluwalia, I.I., ‘L’economia dell’India e le sue prospettive’ in L’India contemporanea (Turin: Edizioni della Fondazione Giovanni Agnelli, 1998).
Bardhan, P., The Political Economy of Development (Oxford: Basil Blackwell, 1984).
Bhaduri, A., The Economic Structure of Backward Agriculture (London: Academic Press, 1983).
Byres, T.J. (ed.), The Indian Economy. Major Debates Since Independence (Delhi: Oxford University Press, 1998).
Chakravarty, S., Development Planning: the Indian Experience (Oxford: Oxford University Press, 1987).
Charlton, S.E.M., Comparing Asian Politics. India, China, and Japan (Boulder, Colorado: Westview Press, 1997).
Chary, S.N., Mera Bharat Mahaan (My India is Great), (Delhi: Wheeler Publishing, 1997).
Chaudhuri, S., ‘Debates on Industrialization’ in Byres (ed.), The Indian Economy. Major Debates Since Independence (1998).
Dobbin, C., Asian Entrepreneurial Minorities (Richmond, Surrey: Curzon, 1996).
Drèze, J. and A. Sen, India. Economic Development and Social Opportunity (Delhi: Oxford University Press, 1995).
Dutta, S., Family Business in India (Delhi: Response Books, 1997).
Economic Survey 1993–94 (Delhi: Government of India, Ministry of Finance, 1994).
Fischer, S., Capital Account Liberalisation and the Role of IMF (Washington D.C.: The International Monetary Fund, September 1997).
Ghosh, J., ‘Liberalisation Debates’ in Byres (ed.), The Indian Economy. Major Debates Since Independence (1998).
India at 50. Facts, Figures and Analysis 1947–1997 (Madurai: Express Publications, 1997).
Institute of International Finance, Capital Flows to Emerging Market Economies (January 1998).
IMF (International Monetary Fund), World Economic Outlook (Washington D.C., September 1998).
Jalan, B., India’s Economic Crisis: the Way Ahead (Oxford: Oxford University Press, 1991).
Lal, D., The Hindu Equilibrium (Oxford: Clarendon Press, 1998).
LaRue, C.S., L.I. Rudolph, S.H. Rudolph and P. Oldenburg (eds), The India Handbook. Prospects onto the 21st Century (Chicago: Fitzroy Deaborn Publishers, 1997).
Lewis, J.P., ‘Some Consequences of Giantism: The Case of India’, World Politics, 43, 3 (1991) 367–89.
Lewis, J.P., India’s Political Economy (Delhi: Oxford University Press, 1997).
Lin, L. and O. Acosta-Ruiz, ‘Regional Growth Opportunities in Southern India’, in Tan, et al. (eds), Business Opportunities in India (1996).
Milesi-Ferretti, G.M. and A. Razin, ‘Current Account Sustainability: Selected Asian and Latin American Experiences’, IMF Working Paper No. 110, Washington D.C. (1996).
Panico, P., ‘Entrepreneurial Culture and Economic Development: some Cross-Asian Comparisons’ Paper presented at the Third Conference on East Asia — EU Business (Como, 23–25, April 1998a).
Panico, P., ‘India. Gli Squilibri di un Subcontinente’, Politica Internazionale, 1 (1998b).
Panini, M.N., ‘The Political Economy of Caste’ in Srinivasan (ed.), Caste. Its Twentieth Century Avatar (1996).
Parikh, K.I. (ed.), India Development Report 1997 (Delhi: Indira Gandhi Institute of Development Research, Oxford University Press, 1997).
Rutten, M., and C. Upadhya (eds), Small Business Entrepreneurs in Asia and Europe (Delhi: Sage Publications, 1997).
Srinivasan, M.N. (ed.), Caste. Its Twentieth Century Avatar (Delhi: Viking Penguin Books, 1996).
Tan, T.M., A.M. Low, J.J. Williams and R. Zutshi (eds), Business Opportunities in India (Singapore: Prentice Hall, 1996).
UNCTAD, Trade and Development Report 1996, (New York and Geneva: United Nations Publications, 1997).
UNDP, Human Development Report (New York, 1998).
UNIDO, India New Dimensions of Industrial Growth (Oxford: Basil Blackwell, 1998).
Wade, R., Governing the Market (Princeton: Princeton University Press, 1990).
Williamson, O., The Economic Institutions of Capitalism (New York: The Free Press, 1985).
The World Bank, India: Economic Reform and Growth (Washington D.C., December 1995).
The World Bank, Managing Capital Flows in East Asia (Washington D.C., 1996a).
The World Bank, India-Five Years of Stabilization and reforms: The Challenges Ahead (Washington 28 August, 1996b).
The World Bank, South Asia’s Integration into the World Economy (Washington D.C., 1997a).
The World Bank, India. Sustaining Rapid Economic Growth (Washington D.C., 1997b).
The World Bank, India — 1998 Macroeconomic Update (Washington D.C., 1998a).
The World Bank, East Asia — The Road to Recovery (Washington D.C., 1998b).
The World Bank, World Atlas (Washington D.C., 1998c).
The World Bank, World Development Report (Washington D.C., 1998/99).
Editor information
Editors and Affiliations
Copyright information
© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Panico, P., Vaggi, G. (2000). At the Foot of the Himalayas: India from the ‘Hindu Equilibrium’ to an Asian Regional Power?. In: Weber, M. (eds) After the Asian Crises. Palgrave Macmillan, London. https://doi.org/10.1057/9780333982983_5
Download citation
DOI: https://doi.org/10.1057/9780333982983_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41748-3
Online ISBN: 978-0-333-98298-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)