Summary |
South Asian countries are only in the initial phase of implementation of comprehensive programmes of economic liberalisation . Most countries commenced reforms in the 1980s but it was only in the 1990s that full commitment was shown. The book focuses on the process of economic liberalisation and reform in the five largest countries of South Asia, particularly India. It explores key themes in economic liberalisation with a strong focus on individual countries. Emphasis is given to India’s experience, with considerable attention to Bangladesh, Pakistan and Sri Lanka and some discussion of Nepal. The attention paid to Sri Lanka follows its relatively long history of economic liberalisation.
The literature available on the experiences of South Asian countries with economic reforms is inadequate and varies greatly between countries. This book aims to bridge this gap. The disappointing performances of the South Asian economies in terms of growth and equity under autarchic and public sector dominated regimes have been well documented in this book. Focus is on how these economies can perform as they seek the benefits of global economic interdependence, with increasing reliance on foreign trade and investment.
The chapters in this book explore the key elements of liberalization policy and the importance of maintaining macroeconomic stability. The key indicators of economic performances in the 1990 have also been reviewed. Some empirical perspectives on how these countries are emerging as they grapple with the task of achieving accelerated economic growth with stability are given. The book would be very useful to policy makers and students of economics and international relations.
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