0415776848.Routledge.Indias.Open-Economy.Policy.Globalism.Rivalry.Continuity.Dec.2008.pdf

India’s Open-Economy Policy

This book is the ﬁrst major exploration of Indian political economy using a con-

structivist approach. Arguing that India’s open-economy policy was made, justi-

ﬁed, and continued on the basis of the idea of openness more than its tangible

effect, the book explains what sustained the idea of openness, what philosophy,

interpretations of history, and international context gave it support, justiﬁcation,

and persuasive force.

Drawing on a wide range of contemporary and historical sources, and going

as far back as the nineteenth century, the author reconstructs the way in which

Indian policymakers have interpreted economic priorities, perceived success and

failure, and evaluated the destiny of their nation. By the 1990s, their imperatives

increasingly highlighted a sense of rivalry, especially with China, and globalism,

a desire to play a strong role in world affairs. The book shows how a sense of

nationalist urgency was created through globalism and rivalry, allowing policy-

makers to privilege international needs over domestic political demands, replace

economic independence with interdependence as a priority, and ensure that the

broad basis of India’s openness could not be challenged effectively even though

certain policies faced severe opposition.

This book will be of interest to those working on International Political

Economy, Globalization, Economic History, Public Policy, and South Asian

politics.

Jalal Alamgir is Assistant Professor of Political Science at the University of

Massachusetts, Boston, specializing in the relationships between globalization

and representational politics.

Routledge contemporary South Asia series

1 Pakistan

Social and cultural transformations in a Muslim nation

Mohammad A. Qadeer

2 Labor, Democratization and Development in India and Pakistan

Christopher Candland

3 China–India Relations

Contemporary dynamics

Amardeep Athwal

4 Madrasas in South Asia

Teaching terror?

Jamal Malik

5 Labor, Globalization and the State

Workers, women and migrants confront neoliberalism

Edited by Debdas Banerjee and Michael Goldﬁeld

6 Indian Literature and Popular Cinema

Recasting classics

Edited by Heidi R.M. Pauwels

7 Islamist Militancy in Bangladesh

A complex web

Ali Riaz

8 Regionalism in South Asia

Negotiating cooperation, institutional structures

Kishore C. Dash

9 Federalism, Nationalism and Development

India and the Punjab economy

Pritam Singh

10 Human Development and Social Power

Perspectives from South Asia

Ananya Mukherjee Reed

11 The South Asian Diaspora

Transnational networks and changing identities

Edited by Rajesh Rai and Peter Reeves

12 Pakistan–Japan Relations

Continuity and change in economic relations and security interests

Ahmad Rashid Malik

13 Himalayan Frontiers of India

Historical, geo-political and strategic perspectives

K. Warikoo

14 India’s Open-Economy Policy

Globalism, rivalry, continuity

Jalal Alamgir

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