Download PDF by Shalendra D. Sharma: China and India in the Age of Globalization

By Shalendra D. Sharma

ISBN-10: 051159528X

ISBN-13: 9780511595288

ISBN-10: 0521515718

ISBN-13: 9780521515719

ISBN-10: 0521731364

ISBN-13: 9780521731362

This e-book explores how the interaction of socio-historical, political, and financial forces has reworked China and India into monetary powerhouses.

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In particular, the Industrial Policy Resolution of 1948 was amended, and the revised Industrial Policy Resolution of 1956 not only complemented the goals of the Second Plan but also called for an acceleration of industrialization. 6 percent to 18 percent out of a total outlay of Rs. 48 billion), whereas agriculture’s share was slashed by nearly half that of the First Five-Year Plan (GOI 1956). ” Schedule A, consisting of seventeen “key industries” such as rail and air transport, energy and power generation (including atomic energy), telecommunications, steel, mining, petroleum, and heavy machinery, was reserved for development exclusively by the public sector.

10 Because states are routinely short of funds, they have to seek central assistance in the form of loans, grants-in-aid, and overdraft facilities to meet their budgetary needs. ” 20 China and India in the Age of Globalization Below the state governments exists an array of formal and informal governance structures known simply as “local self-government,” ordinarily understood as the administration of a locality (a village, town, city, or any other area smaller than a state) by a body representing the local inhabitants.

13 The Congress retained its electoral dominance for some four decades from the first national elections in 1952 until 1989 (with a brief interlude from 1977 to 1980), holding a majority share of seats in the Lok Sabha. However, since the 1990s, the party’s share of seats has declined, and from 1996 to 2004, it was not even the single largest party in the Lok Sabha. In fact, since the early 1990s, there has been no single majority party. As a result, before the 1999 national elections, the BJP formed both explicit and tacit alliances with some twenty-four other national and state-based parties.

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China and India in the Age of Globalization by Shalendra D. Sharma


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