The political economy and geopolitical context of India's economic crisis, 1990–91

Auteur(s) et Affiliation(s)



Description :
This paper examines the national and global causes and context of India's economic crisis and adoption of neoliberal policies. It analyses how the earlier-established relationship between revenue generation and expenditure ran into trouble; what changes occurred in the organization and management of revenues and capital; nature of interventions of the state in the circulation of capital; changes in the physical aspects of circulation of commodities, together with foreign trade and the formation of the ‘world market’; and the rise of the United States as the only global superpower. It concludes that India's economic crisis of 1990–91, and the neoliberal policies that followed, are products of contingent historical and geographical conditions.


Type de document :
Article de périodique

Source :
Singapore journal of tropical geography, issn : 0129-7619, 2014, vol. 35, n°. 2, p. 179-186, nombre de pages : 8, Références bibliographiques : 2 p.

Date :
2014

Editeur :
Pays édition : Singapour, Singapore, University of Singapore