India: the emergenting giant

Description

Distinguishing four phases -- Phase I (1951-65) : takeoff under a liberal regime -- Phase II (1965-81) : socialism strikes with a vengeance -- Phase III (1981-88) : liberalization by stealth -- Phase IV (1988-2006) : triumph of liberalization -- A tale of two countries : India and the Republic of Korea -- Declining poverty : the human face of reforms -- Inequality : a lesser problem -- Deficits and debt : Is a crisis around the corner? -- The external sector : On the road to capital account convertibility? -- The financial sector : Why not privatize the banks? -- International trade : carrying liberalization forward -- Industry and services : walking on two legs -- Modernizing agriculture -- Tax reform : toward a uniform goods and services tax -- Tackling subsidies and reforming the civil service -- Telecommunications and electricity : contrasting experiences -- Transportation : a solvable problem -- Health and water supply and sanitation : Can the government deliver? -- Education : expenditures or transfers?