Globalization and the Indian economy : roadmap to a convertible rupee
Author(s)
Bibliographic Information
Globalization and the Indian economy : roadmap to a convertible rupee
(Routledge studies in the growth economies of Asia, 80)
Routledge, 2008
- : hbk
Available at 21 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. [225]-228) and index
Description and Table of Contents
Description
This book examines the impact of globalization on the Indian economy, exploring the trade, investment and financial aspects of globalization, and also considering its implications for the balance of payments and currency exchange rate.
The first part of the book deals with the evolution of the philosophy of globalization and its impact on exchange rates, global liquidity, currency markets, and global trade and payments. It highlights the catalytic role played by the US in driving the globalization process, and provides detailed analysis of the evolution of the international monetary system to illustrate current processes of globalization. Furthermore, a critical discussion of the Asian financial crisis of 1997 is presented as well as the lessons that have emerged from the crisis.
The Indian economic experience and its own policy of dealing with globalization is the focus of second part of the book. The author examines the genesis of economic reforms and liberalization in India. The success of the Indian policy of gradualism is discussed in the context of the Asian crisis, and the reasons as to why India averted a similar crisis are explored. Finally, the author examines whether the Indian currency, the rupee, can be made fully convertible.
This book makes a valuable contribution to the literature on globalization and development and should be of interest to academics interested in the global economy, international finance, international development and also to academics with an interest in South Asian Studies.
Table of Contents
The Global Monetary System 1. Gold Standard to Globalization 2. Genesis of Philosophy of Globalization 3. Financing Globalization 4. US Capital Market: Trigger for Global Growth 5. Changing Face of Currency Markets 6. Lessons from Asian Crisis 7. Reform of IMF The Indian Economic Scenario 8. Economic Liberalization: New Mantra of Development 9. Indian Economic Gradualism 10. Financial and Capital Market Reform 11. Post Reform BoP and Rupee Exchange Rate 12. Capital Account Convertibility 13. Towards Fuller Convertibility 14. Fuller Convertibility Report and Future Scenario 15. Infrastructure Development Fund
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