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WTO and India: Development Agenda for the 21st Century

Vibha Mathur (Author)
Synopsis After Independence in 1947, India followed, for about 30 years (1950-80), a development pattern which laid strong emphasis on centralized planning, government ownership of basic and key industries, excessive regulation and control of private enterprise, trade protectionism through tariff and non-tariff barriers and a cautious and selective approach towards foreign capital. It was a quota, permit and license regime all the way. This so-called inward-looking, import substitution strategy of economic development began to be widely questioned with the beginning of 1980s. Policy makers started realizing the drawbacks of this strategy which inhibited competitiveness and efficiency and produced a much lower rate of growth than expected. Pressure was mounting for industrial liberalization owing to a host of internal and external factors. Among the external factors, the establishment of WTO in 1995 was the foremost. This book explains the key reform measures undertaken in various sectors of the Indian economy since 1991 in the context of the establishment of WTO. It examines the rationale, contents, and impact of economic reforms and puts in perspective the emerging lessons for the future.
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About the author

Vibha Mathur

Vibha Mathur received her M. Phil. And Ph.D. degrees from the Department of Commerce, Delhi School of Economics, University of Delhi. She has written extensively on India’s foreign trade and related areas. Dr. Mathur has already authored three books, namely India-European Union Trade Prospects and Impact of Euro; Foreign Trade of India: Policy and Developments, 1950-2000 and Trade Liberalisation and Foreign Investment in India: 1991-2001. Dr. Mathur was a visiting fellow at the European Commission and Parliament in Brussels, Belgium in May 2001. Presently, she is a Reader in the Department of Commerce, Jesus & Mary College, University of Delhi.

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Bibliographic information

Title WTO and India: Development Agenda for the 21st Century
Author Vibha Mathur
Format Hardcover
Date published: 01.01.2005
Edition 1st ed.
Language: English
isbn 8177080997
length xv+314p., Notes; Bibliography; Index; 23cm.