POLI 322 Chapter : "South Asia and the World Economy- Transition and the Imperatives of Reform" (Vernon Hewitt) pp.206-20; 230-48
12 May 2014
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Document Summary
Economic plans of nation-building contribute to crisis of domestic politics and pol. order challenge of transforming pre-independence rural agrarian societies into urban industrial ones. Nepal recently compelled to liberate its eco. in line with events in india neo-liberal trading policy. Bangladesh end of civil war, urgent task of developing eco. feeding rapidly growing pop. environmentally vulnerable area trying to attract foreign investment handing over to the private sector previously state-owned assets. India emerging industrial giant agriculture employs 60% of labour force huge in pakistan and nepal as well. Sri lanka between the two extremes of india and pakistan planning depends on which pol. party is in power. Unp favours privatisation and foreign investment began at indian end of spectrum state ownership, widespread talk of redistribution after 1975, moved towards pakistan end. Bangladesh dominated by foreign aid and loans and debt repayments late 1993 gov"t package aimed at increasing foreign investment and privatization.
