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Law and the Economy in a Young Democracy
India 1947 and Beyond
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Law and the Economy in a Young Democracy
$9399
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
Book Hero Magic formatted this description to make it easier to read. While it's new and
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Description
An essential history of India's economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule.
Economists have long lamented how the inefficiency of India's legal system undermines the country’s economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under-resourced, making adjudication and contract enforcement slow and costly.
Taking this as given, Law and the Economy in a Young Democracy examines the contents and historical antecedents of these laws, including how they have stifled economic development. Economists Roy and Swamy argue that legal evolution in independent India has been shaped by three factors: the desire to reduce inequality and poverty; the suspicion that market activity, both domestic and international, can be detrimental to these goals; and the strengthening of Indian democracy over time, giving voice to a growing fraction of society, including the poor.
Weaving the story of India's heralded economic transformation with its social and political history, Roy and Swamy show how inadequate legal infrastructure has been a key impediment to the country's economic growth during the last century. A stirring and authoritative history of a nation rife with contradictions, Law and the Economy in a Young Democracy is essential reading for anyone seeking to understand India's current crossroads—and the factors that may keep its dreams unrealised.
Series: Markets and Governments in Economic History
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Law and the Economy in a Young Democracy
An essential history of India's economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule. Economists have long lamented how the inefficiency of India's legal system undermines the country’s economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under-resourced, making...Hardback$9399Unit price /UnavailableAvailableShips in 3-4 weeks -
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Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
*i>Law and the Economy in a Young Democracy by Anand V. Swamy and Tirthankar Roy offers a thorough examination of the interaction between legal developments and economic growth in India. Reviews highlight its exploration of how colonial institutions continue to influence current political and economic landscapes and how legal infrastructure has been a barrier to India's economic progress. The book is praised for its clarity and depth, providing a robust account of India's post-independence legal and economic history. It emphasizes the impact of legal policies on social and economic equality, making it essential reading for those interested in India's economic evolution.
Book Details
INFORMATION
ISBN: 9780226799001
Publisher: The University of Chicago Press
Format: Hardback
Date Published: 08 February 2022
Country: United States
Imprint: University of Chicago Press
Illustration: 4 line drawings, 14 tables
Audience: Professional and scholarly
DIMENSIONS
Spine width: 28.0mm
Width: 152.0mm
Height: 229.0mm
Weight: 540g
Pages: 272
About the Author
Tirthankar Roy is professor of economic history at the London School of Economics. Anand V. Swamy is the Willmott Family Third Century Professor of Economics at Williams College in Massachusetts. They are the coauthors of Law and the Economy in Colonial India, also published by the University of Chicago Press.
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