Wednesday, March 29, 2006

Growth with Distribution, and the fallacies of neo- Liberalism

A review of Indian economist Amit Bhaduri's book Development with dignity: A Case for Full Employment".

First, India must strive for a developmental process that focuses neither on the growth rate as such, nor on income transfers to the poor as such; growth and distribution have got to be integrated as parts of the same process. This interweaving of growth and distribution cannot be effective, however, unless it confronts simultaneously the structural inequalities of Indian society rooted in caste, gender and religious discrimination.
Another review here.

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