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Understanding ReformsPost-1991 India$
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Suresh Tendulkar and T.A. Bhavani

Print publication date: 2012

Print ISBN-13: 9780198085584

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198085584.001.0001

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The Political Economy of Reforms: Some Individual Initiatives

The Political Economy of Reforms: Some Individual Initiatives

(p.104) 8 The Political Economy of Reforms: Some Individual Initiatives
Understanding Reforms

Suresh D. Tendulkar

T.A. Bhavani

Oxford University Press

This chapter examines the political economy of selected individual reform measures to provide a flavour of the interplay of specific domestic and international economic interest groups in influencing their time path of reforms. Two procedural and two institutional reforms are selected to bring out the strengths and limitations of coalition politics: liberalization of domestic and international private investment, liberalization of international trade in goods and services, privatization of government-owned commercial enterprises, and organized labour market reforms. The chapter analyses how the central government has been in the driver’s seat in steering the overall pace and direction of reforms.

Keywords:   reforms, political economy, labour market duality, foreign direct investment (FDI), tariffs, privatization, public-sector enterprises, trade unions, labour market, social equity

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