Catching-up in the Periphery
Why India Lags Behind Korea in Economic Development
Catching-up in the Periphery
Why India Lags Behind Korea in Economic Development
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Description
Catching-up in the Periphery: Why India Lags Behind Korea in the Economic Development decodes the perpetual saga of catching up and falling behind among the countries in the periphery. Challenging the usefulness of well-known perspectives such as 'modernization' and 'dependency', Jitendra Uttam uses a structuralist perspective to unpack emerging South-South developmental contrasts. While focusing on structures, the study redefines the Marxist concept of 'base structure' by embedding 'social' and 'economic' into one socioeconomic structure that commands enough power to limit a state's preferences to a particular strategy, which in turn affects economic performance.
Among the peripheral economies, the South Korean case highlights how restructuring of highly polarized socioeconomic structures in the 1950s led to the arrival of an equitable socioeconomic order. Such a unique structural resetting provided ample space for the Korean state to pursue a people-centered developmental strategy. Based on labor-intensive mass production with export orientation, this strategy led to a virtuous cycle of mass employment, mass consumption through exports, and mass prosperity. Alternatively, India demonstrates a curious continuity with age-old uneven distribution of socioeconomic resources, which rendered the state powerless. The insights drawn from country-specific particular experiences show that, without a deep-seated structural reordering, it may not be possible to alter developmental strategies.
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Table of Contents
1.1 Introduction
1.2 Twin Developmental Divides: Between North and South and Within the South
1.3 Analytical Framework
1.4 Scope, Limitation and Justification of the Study
1.5 Organization of the Book
Chapter 2: Perspectives on Catch-up Development
2.1 Introduction
2.2 Perspectives on Catch-up Development
2.3 Structural Perspective: How Structures Shape Strategies?
2.4 Viewing Indian and Korean Development from a Structural Perspective
2.5 Conclusion
Chapter 3: Locating Structure-Strategy Dynamics in the Asian Periphery
3.1 Introduction
3.2 Evolution of Structural Diversity in Asia
3.3 How Structures Define Strategies?
3.4 Strategies of Catch-up Development in Asia
3.5 Policies and Priorities in the Asian Development
3.6 Conclusion
Chapter 4: First Phase of Korean Catch-up Development: Statist Developmentalism, 1945-1997
4.1 Introduction
4.2 Rise of a Capitalist 'Developmental State'
4.3 Outward-Oriented 'Strategic Industrial Policy'
4.4 Family-owned Diversified Business Conglomerates
4.5 Bank-based Regime of Financial Repression
4.6 Subordination and Marginalization of Labor
4.7 Small and Medium Enterprises at the Margins
4.8 Formation of a 'Developmental Alliance'
4.9 Korean Capitalism 'Organized from the Top'
4.10 Conclusion
Chapter 5: Second Phase of Catch-up Development in Korea:
5.1 Introduction
5.2 Arrival of the 'Post-Developmental State'
5.3 Toward a Core Competent Firm
5.4 Embracing a Liberal Financial System
5.5 Instituting Flexibility in the Labor Market
5.6 Recasting Korean Capitalism: Reorganizing from the Bottom-up
5.7 Conclusion
Chapter 6: First Phase of Catch-up Development in India: Capital-Technology Intensive, Heavy Industry-led Strategy, 1950s- 1980s
6.1 Introduction
6.2 Diversity in the Indian Ideas on Economic Development
6.3 Structural Dynamics Constraining Indian Strategies of Development
6.4 License, Permit and the Public Sector Units
6.5 Legacy of Nehruvian Political Economy and Its Crisis
6.6 Failed Trade Liberalization, BOP Crisis and Structural Reforms
6.7 Socially Dis-embedded Capitalism in India
6.8 Conclusion
Chapter 7: Second Phase of Catch-up Development in India: Knowledge-intensive, Service Industry-led Strategy, 1980 onwards
7.1 Introduction
7.2 Narrow Social Base of India's Knowledge Economy
7.3 Financing of the Knowledge Economy
7.4 Ideational and Administrative Support to the Knowledge Economy
7.5 Outward-orientation of Knowledge-Intensive Services
7.6 Knowledge Intensity Amid High Unemployment
7.7 Consolidation of India's Socially Dis-Embedded Capitalism
7.8 Conclusion
Chapter 8: Third Phase of Catch-up Development in India: Developmental Strategy at the Crossroads, 2004-onwards
8.1 Indian Developmental Strategy: Manmohanomics' vs. 'Modinomics'
8.2 Politics of India's Economic Strategy Transition
8.3 India's Accumulated Advantages and Disadvantages of Backwardness
8.4 Narrow Social-base of the Indian Economy as a Stumbling Block
8.5 India's Quest for Outward Orientation Amid East Asian Export Push
8.6 Conclusion
Chapter 9: Comparison between Korean-Indian Developmental Strategies
9.1 Introduction
9.2 Varying Socioeconomic and Political Spaces in Korea and India
9.3 Consolidation and Shattering of Primordial Institutions in Korea and India
9.4 Differing Objectives Behind British and Japanese Colonial Systems
9.5 Socioeconomic Hierarchies and their Contestants in India and Korea
9.6 Structures Constraining Strategies in India and Korea
9.7 Indian-Korean Developmental Performance in the Comparative Perspective
9.8 Conclusion
Chapter 10: Concluding Remarks
References
Product details
| Published | Apr 15 2027 |
|---|---|
| Format | Ebook (Epub & Mobi) |
| Edition | 1st |
| Pages | 1 |
| ISBN | 9781978768024 |
| Imprint | Bloomsbury Academic |
| Illustrations | 4 tables |
| Publisher | Bloomsbury Publishing |
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