HIS282H5 Chapter : lecture + book notes (integrated) combined
Document Summary
From socialism to liberalization: south asia at the economic crossroads: economic development of south asia after decolonization. Nexus(connection) between dominant elites and states prevents redistribution of wealth. Boundary crossers =focus of violence (coastal fishermen, traders) Removal of poverty, green revolution , nationalisation (indira gandhi) State manipulated resources for electoral gains (states, vote banks ), nexus with elites. Dismantled socialist economy, privatisation, engagement with global economy (20 million middle class. After 1947, south asian states adopted development models to correct the structural distortions caused by colonialism, Where armies have controlled the state, its political goals, and defence needs have shaped economic development. In india, the goal of a humanistic socialist society was blunted by dominant elites and electoral politics. Contemporary india now advocates liberal capitalism and integration with global economic forces. This has led to new forms of wealth, widening economic inequalities, and social protest.