CONTENTS List of Tables and Figures ix Preface xi List of Abbreviations xiv Introduction xv PART 1 THEORY 1. Macroeconomics in Developing Countries 3 2. Macroeconomics of Structural Adjustment and Public Finances in Developing Countries 25 3. On Exclusion and Inclusion: Democracy, Markets, and People 57 PART 2DEVELOPMENT 4. Development through Globalization? 71 5. Learning to Unlearn from Development 98 6. Short-Termism, Public Policies, and Economic Development 129 7. Work, Livelihoods, and Rights 141 PART 3INDUSTRIALIZATION 8. International Relocation of Production and Industrialization in Less Developed Countries 159 9. Themes in Trade and Industrialization 195 10. Industrial Development in India: Growth or Stagnation? 235 11. The Foreign Trade Sector, Planning, and Industrialization in India 259 PART 4LIBERALIZATION 12. Macroeconomic Reforms in India : Short-term Effects and Long-run Implications 291 13. Economic Reforms in India : Understanding the Process and Learning from Experience 323 14. Economic Development and Political Democracy : Interaction of Economics and Politics in Independent India 344 15. India's Unfinished Journey : Transforming Growth into Development 373 Acknowledgements 408 Index 410