The greatest strength of this thoroughly revised and expanded edition of Lectures on International Trade is its rigorous algebraic and geometric treatment of the various models and results of trade theory. The authors, who now include Arvind Panagariya, offer both policy insights and empirical applications. They have added nine entirely new chapters as well as new sections to several existing chapters (e.g., a greatly expanded treatment of the growing theory of preferential trade agreements).
The greatest strength of this thoroughly revised and expanded edition of Lectures on International Trade is its rigorous algebraic and geome...
The slow progress of the GATT negotiations, developing countries' experience of trade liberalization in the 1980s and recent dramatic changes in Eastern Europe have all revived interest in regional integration. Papers in this volume, based on a CEPR joint conference with the World Bank, analyze why countries find regional integration more attractive now than in the past, the circumstances under which different kinds of integration are appropriate and the conditions necessary for their success. It also considers whether regionalism may serve as a stepping stone to multilateral free trade and...
The slow progress of the GATT negotiations, developing countries' experience of trade liberalization in the 1980s and recent dramatic changes in Easte...
The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. It provides a forum for addressing the scope, speed, and desirability of economic reforms within India and their fundamental impacts on the country's social and economic welfare. The IPF aims to nurture a global network of scholars interested in India's economic transformation. A joint publication of the National Council of Applied Economic Research in India and the Brookings Institution in the United States, the IPF provides a bridge between researchers in India and abroad....
The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. It provides a forum for addressi...
Contains six essays on preferential trade agreements (PTAs), written during the period 1993-98. Essays overview and discuss various aspects of preferential trading from a conceptual standpoint, then focus on implications of the proliferation of regional arrangements for East Asia and on Latin America's experience with PTAs. Explores how Asia has been right in its approach while Latin America is compromising its own interest by taking the preferential route to trade liberalization.
Contains six essays on preferential trade agreements (PTAs), written during the period 1993-98. Essays overview and discuss various aspects of prefere...
This collection of essays offers an assessment of the economic impact of preferential trade areas (PTAs) on member countries and the world. The general theme of the volume is that, on balance, trade liberalization through PTAs is a mistake.
This collection of essays offers an assessment of the economic impact of preferential trade areas (PTAs) on member countries and the world. The genera...
When India embraced systematic economic reforms in 1991 and began opening its economy to both domestic and foreign competition, critics argued that they had contributed little to the acceleration of economic growth. Their argument had rested on the claim that growth in the 1990s was no faster than in the 1980s. This claim was quickly refuted on the grounds that when properly evaluated, growth had indeed accelerated in the 1990s and more importantly, while reforms had been made systematic in 1991, they had actually begun much earlier in the late 1970s. Subsequently, the reforms of the late...
When India embraced systematic economic reforms in 1991 and began opening its economy to both domestic and foreign competition, critics argued that th...
Reforms and Economic Transformation in India is the second volume in the series Studies in Indian Economic Policies. The first volume, India's Reforms: How They Produced Inclusive Growth (OUP, 2012), systematically demonstrated that reforms-led growth in India led to reduced poverty among all social groups. They also led to shifts in attitudes whereby citizens overwhelmingly acknowledge the benefits that accelerated growth has brought them and as voters, they now reward the governments that deliver superior economic outcomes and punish those that fail to do so....
Reforms and Economic Transformation in India is the second volume in the series Studies in Indian Economic Policies. The first volum...
In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has...
In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialis...
Arvind Panagariya Pinaki Chakraborty M. Govinda Rao
Most discussions of India's recent economic growth focus on progress and policies at the national level. But with a population of 1.2 billion, several of the states in India are larger than many of the countries in the world. Therefore, a more complete understanding of India's ongoing experiment in economic reforms requires a study at the state level. State Level Reforms, Growth, and Development in Indian States provides the first-ever comprehensive analysis of growth and reforms in the highly diverse states of the country. The authors argue that when the national government...
Most discussions of India's recent economic growth focus on progress and policies at the national level. But with a population of 1.2 billion, several...
Growth miracles typically have been studied at the country level. In The Making of Miracles in Indian States, internationally-renowned economists Arvind Panagariya and M. Govinda Rao bring together a team of six leading scholars to break from that tradition and study three growth miracles in India at the level of the state: Andhra Pradesh, Bihar, and Gujarat. These are three large and diverse states in India: Gujarat has the third-highest per-capita income among the largest eighteen states, Bihar is the poorest, and Andhra Pradesh falls in the middle. Despite vast differences among...
Growth miracles typically have been studied at the country level. In The Making of Miracles in Indian States, internationally-renowned econom...
