Economic Affairs · 2009 · 24 citations · 0 references
Social SciencesEconomicsPublic PolicyEconomic DevelopmentEconomic PolicyPolitical EconomyEconomic RestructuringGovernance ReformIndian StudiesPolitical Economy Of GrowthPolitical LiberalizationEconomic Growth DynamicsEconomic Growth Strategy
In the 2008 Wincott Lecture, the author argues that huge obstacles stand in the way of desperately needed economic reforms in India. Liberalisation initiatives have been undermined by poor governance, ineffective institutions and powerful vested interests. Unless these problems are addressed, high rates of economic growth are unlikely to be sustained in the long term.