This book presents an alternative, critical perspective on the political economy of development and business. The everyday issues experienced by those on the margins are examined to highlight the Eurocentric bias at the centre of development theory, public policy, and business practices. Ruling class projects within these areas are critically evaluated in order to present a vision of development that recognises pluralistic traditions and people’s everyday experiences. Eurocentric liberal myopia and its praxis are outlined in development theory, public policy, and business practices. Particular focus is given to tribal planning, needs based development, public private partnerships, modes of capital accumulation, conscious capitalism, and creative business education.
This book stands in defense of critical inquiry and pluriversal knowledge against the monolithic knowledge traditions and use of ruling class projects in development, public policy, and business ethics. It aims to explore new forms of economic transformation that are inclusive and worker led. It will be relevant to students and researchers interested in the political economy, development economics, and international business.
Colonial World of Postcolonial Historians and the Neoliberal Reinvention of Tribal Identity in India
Abstract
Introduction
Neoliberalism and Identity
The Idea of Identity
Identity as a reflection of one’s own self
Land, Environment and Identity Formations
Tribal Cosmology and Their Ideas on Identity
Tribal Identity in Post-Colonial India
Hinduisation, Territorialisation and the Changing Notion of Tribal Identity in India
Growth of NGOs and their impact on social development and identity formation
The Politics of Cooption and Dominance
Globalization and Tribal Identity: Territorialization of Labour and the Deterritorialization of Capital
Market Expansion, Crisis and the Disintegration of the Communal Identity
Sustaining the Exclusiveness for Inequality and Exploitation of Tribals
Conclusion
Chapter-2
Myth of Modernization and Development in Orissa
Abstract
Introduction
A Brief History of Mining and Industrialization in Orissa
Myth of Modernization, Industrialisation and Development in Orissa
Silenced Drums and Unquiet Woods
Conclusion
Chapter-3
Interrogating Social Capital and Denials of Development in the Planning for Tribal Development in India
Abstract
Introduction
Development as a concept
Development Versus Planning for Tribal Development in India
Seven Decades of Indian Planning and Tribal Development
Interrogating Social Capital, Voluntary Action for Tribal Development
Conclusion
Chapter-4
Capitalism and Transition of 'Needs’ Based Development to ‘Desired’ based Development
Abstract
Introduction
The idea of individuality and society among tribals in India
Market, Individual and Society
Locating Transitions in the Development Planning for Tribals in India
Revisiting of Freudian Ideas in the Tribal Development Policies in India
Conclusion
Chapter-5
Impossible Theorem and Possibilities of Development Studies
Abstract
Introduction
Pathways of Development Studies
Failures of Development Studies and Impossibility Theorem
The Question of Survival
Alternatives within Development Studies as a discipline
Conclusion
Chapter-6
Reification and Praxis of Public Private Partnerships in History
Abstract
Introduction
History of Public Private Partnerships (PPPs) in Economic Development Planning
Theoretical Trends of Public Private Partnerships (PPPs)
Conclusion
Chapter-7
Challenges of cultural relativism and the future of feminist universalism
Abstract
Introduction
Nature of Feminism, Universalism, and Cultural Relativism
Contradictions Between Feminism and Cultural Relativism
Universalism – Claims of Essentialism?
Feminism and Cultural Relativism - Similarities
Future Challenges and Alternatives
Conclusion
Chapter-8
Bhagavad Gita and Hindu Modes of Capitalist Accumulation in India
Abstract
Introduction
Canonisation of Gita as National Scripture
Hindu Religion and Capitalism in India
Theoretical Context from Social Structures of Accumulation to Religious Structures of Accumulation
Bhagavad Gita and Hindu Modes of Accumulation in India
Karma and Dharma (duty) led Regimes, Modes, and Structures of Accumulation
Domestication of labour and the spiritual economy of Bhakti (devotion)
Artha (wealth) and Gyana/Vidya (knowledge)
Moksa (deliverance or salvation) or Nirvana as the Theological Promise of Capitalism
Conclusion
Chapter-9
Bhagavad Gita in the making of conscious capitalism
Abstract
Introduction
Religion, capitalism and consciousness
Hindu religious consciousness, Bhagavad Gita and capitalism
Conclusion
Chapter-10
Eurocentric conceptualisation of risk in international business
Abstract
Introduction
Theoretical and conceptual trends to locate ‘risk’
Conclusion
Chapter-11
Decolonising business ethics from Eurocentric philosophy and advancing radical perspectives on pluriversal African business ethics
Abstract
Introduction
Why to advance business ethics in Africa?
Eurocentric Foundation of Business Ethics
Models and Praxis of Eurocentric Business Ethics in Africa
Decolonisation of Business Ethics and Advancing Pluriversal African Business Ethics
Conclusion
Chapter-12
Subjective and Objective Limits of Creative Business Education
Abstract
Introduction
Debates around Interdisciplinarity
‘Creativity’, ‘Labour’ and ‘Capital’ in Creative Business Education curriculum
Interdisciplinary Limits of creative business education 200Conclusion
Chapter-13
Post-pandemic transformations: How and why COVID-19 requires International Business to rethink its praxis
Abstract
Introduction
The Covid-19 and International Business
International business and visions for a post Covid world
Re-configuring social foundations of international business and market
Customer to citizens as shareholders of international business
Towards post-pandemic transformations in international business
Conclusions
Chapter-14
Follies of State and Capitalism during the Covid-19 Crisis
Abstract
Introduction
Globalisation and Pandemic of Capitalist Crises
COVID-19, Fallacies of ‘Failed State’ Thesis, and Future of Developmental and Capitalist States
End of economic globalisation and rise of surveillance capitalism
Towards the forward march of workers led alternative globalisation
Conclusion
Bibliography
Prof. Bhabani Shankar Nayak is a political economist and works as Professor of Business Management and Programme Director of Strategic Business and Management at the University for the Creative Arts, UK. His research interests consist of closely interrelated and mutually guiding programmes surrounding political economy of religion, business, and capitalism, along with faith and globalisation, and economic policies. He is the author of Disenchanted India and Beyond: Musings on the Lockdown Alternatives (2020), China: The Bankable State (2021),Hindu Fundamentalism and the Spirit of Global Capitalism in India (2018) and Nationalising Crisis: The Political Economy of Public Policy in India (2007).
This book presents an alternative, critical perspective on the political economy of development and business. The everyday issues experienced by those on the margins are examined to highlight the Eurocentric bias at the centre of development theory, public policy, and business practices. Ruling class projects within these areas are critically evaluated in order to present a vision of development that recognises pluralistic traditions and people’s everyday experiences. Eurocentric liberal myopia and its praxis are outlined in development theory, public policy, and business practices. Particular focus is given to tribal planning, needs based development, public private partnerships, modes of capital accumulation, conscious capitalism, and creative business education.
This book stands in defense of critical inquiry and pluriversal knowledge against the monolithic knowledge traditions and use of ruling class projects in development, public policy, and business ethics. It aims to explore new forms of economic transformation that are inclusive and worker led. It will be relevant to students and researchers interested in the political economy, development economics, and international business.
Prof. Bhabani Shankar Nayak is a political economist and works as Professor of Business Management and Programme Director of Strategic Business and Management at the University for the Creative Arts, UK. His research interests consist of closely interrelated and mutually guiding programmes surrounding political economy of religion, business, and capitalism, along with faith and globalisation, and economic policies. He is the author of Disenchanted India and Beyond: Musings on the Lockdown Alternatives (2020), China: The Bankable State (2021),Hindu Fundamentalism and the Spirit of Global Capitalism in India (2018) and Nationalising Crisis: The Political Economy of Public Policy in India (2007).