- India and the World Economy, 1757–1947
- Battles Half Won: Political Economy of India's Growth and Economic Policy Since Independence
- Estimating Rural Poverty: Distributional Outcomes, Evaluations, and Policy Responses
- Microfinance: The Shg-Linkage Program
- Microinsurance: A Case Study of the Indian Rainfall Index Insurance Market
- Caste and Upward Mobility
- Performance of Indian Manufacturing in the Postreform Period
- Informal Sector and the Developing World: Relating Theory and Evidence to India
- Structural Transformation and Jobless Growth in the Indian Economy
- Development, Displacement, and Food Security: Land Acquisition in India
- Reforming Primary and Secondary Schooling
- Higher Education Reforms in India
- Health and Health Care Policy in India: The Case for Quality of Care
- Population Dynamics in India and Implications for Economic Growth
- The Dynamics and Status of India's Economic Reforms
- Political Economy of Infrastructure Spending in India
- Aspects of Bureaucratic Corruption
- Distributive Conflicts and Indian Economic Policy: Some Notes On Political Economy
- Economic Growth and Ecological Sustainability in India
- Fiscal Rules in India: are they Effective?
- Financial Frictions and Monetary Policy Transmission in India
- Monetary Policy, Capital Flows, and the Exchange Rate
- India's Trade and Exchange-Rate Policies: Understanding the Bop Crisis and the Reforms Thereafter
- Domestic Financial Sector Reforms
- The Convergence Debate and Econometric Approaches: Evidence from India
- The Globalization Debate and India
- India at the WTO: From Uruguay to Doha and Beyond
- An Estimated DSGE Model of the Indian Economy
- Development Patterns in China and India: Perspective with A Ces Production Function
- What More do we want to know about the Indian Economy?
Abstract and Keywords
In the two centuries during which India became a part of the British colonial empire (ca. 1757–1947), the world economy experienced an unprecedented transformation. Britain, followed by Western Europe and European settler regions in North America, industrialized. International transactions in goods, labor, and capital grew in scale and diversified in destination as never before. Knowledge of institutions and technologies traveled far and wide. And much of the land located in tropical and equatorial Asia and Africa became colonies of major European nations. The Indian subcontinent was an important player in this transformation process. The region traded heavily with Europe. Indian workers populated tropical plantations in the Caribbean, the Pacific, and Southeast Asia. Indian entrepreneurs bought machines and hired foremen abroad in order to start modern factories. Foreign investment funded the railways and manufacturing industry in India. Many useful and valuable technological skills were transmitted from Europe to India, as were ideas and practices about property rights and contract law.
London School of Economic and Political Science
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