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NAVIGATING REFORMS: LESSONS FROM INDIA
Author(s) -
Shourie Arun
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01922.x
Subject(s) - liberalization , corporate governance , economic reform , economic governance , development economics , economic liberalization , political science , economic policy , political economy , economics , economic system , economic growth , business , market economy , law , politics , finance
In the 2008 Wincott Lecture, the author argues that huge obstacles stand in the way of desperately needed economic reforms in India. Liberalisation initiatives have been undermined by poor governance, ineffective institutions and powerful vested interests. Unless these problems are addressed, high rates of economic growth are unlikely to be sustained in the long term.