2021
DOI: 10.4324/9781003131762
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Neoliberalism in the Emerging Economy of India

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“…In the early 1990s, India put into place neoliberal economic reforms to avoid a balance of payment problem that followed the collapse of the Soviet Union, which was India's largest provider of foreign aid (Dasgupta et al, 2021). The reforms led to unprecedented economic growth and industrialization with India moving from a peripheral to a semi-peripheral nation (Downes, 2009) and, in the process, having a mixture of characteristics of core and peripheral nations-see Wallerstein (1979), Arrighi and Drangel (1986), Terlouw (1993), Chase-Dunn and Hall (2006) and Cairó-i-Céspedes and Palacios Cívíco (2022) for more on the characteristics of semi-peripheral nations.…”
Section: Introductionmentioning
confidence: 99%
“…In the early 1990s, India put into place neoliberal economic reforms to avoid a balance of payment problem that followed the collapse of the Soviet Union, which was India's largest provider of foreign aid (Dasgupta et al, 2021). The reforms led to unprecedented economic growth and industrialization with India moving from a peripheral to a semi-peripheral nation (Downes, 2009) and, in the process, having a mixture of characteristics of core and peripheral nations-see Wallerstein (1979), Arrighi and Drangel (1986), Terlouw (1993), Chase-Dunn and Hall (2006) and Cairó-i-Céspedes and Palacios Cívíco (2022) for more on the characteristics of semi-peripheral nations.…”
Section: Introductionmentioning
confidence: 99%
“…Despite the scientific value of elaborating the methodological problems of world economic system evolution (Amin 1996;Cotula 2012;Cyfert et al 2021;Dalevska et al 2019;Dossani and Kenney 2007;Dasgupta et al 2021;De Bièvre and van Ommeren 2021;Dzwigol 2021;Galiani et al 2019;Garrett 2006;Geels 2005;Elbahnasawy and Ellis 2022;Elbe and Long 2020;Fuchs 2007;Gilpin 1987;Graham and Tucker 2019;Graz et al 2020;Hussain et al 2020Hussain et al , 2021Huang 2010;Fossung et al 2021;Keohane and Nye 1977;Kharazishvili et al 2020Kharazishvili et al , 2021aKharazishvili et al , 2021bKravchenko 2019;Kurowska-Pysz and Szczepa ńska-Woszczyna 2017;Kuzior et al 2020;Las Heras 2018;Levitt 1983;Marlin-Bennett and Johnson 2021;Medeiros 2021;McNally 2012;Nunn and Shields 2022;Paterson 2021;Postlewaite and Schmeidler 1986;Shkodina et al 2020;Simmons and Zachary 2004;Smith and White 1992;Smirnova et al 2021;Stiglitz 2002;…”
Section: Introductionmentioning
confidence: 99%