This monograph is a new and original venture to make an interpretation of the phenomenon of under-development in India. Such an endeavour had not been undertaken by social scientists in the past, and this work is a path-breaking effort by this author. The nature and causes of underdevelopment and backwardness in India, which came under British domination, in spite of the historic background of this country with ancient glory and spiritual history, had been subjected to scientific investigation in this research work. The theoretical contributions of Francois Perroux (1903-1987), the French economist of world reputation, is a special characteristic of this research work. The British domination and the establishment of the British empire had been interpreted by the utilisation of the ideas of Francois Perroux. This is a very special feature of this research work. The author had worked in close collaboration with this economist in Paris for several years. The features of Hinduism in India in relation to the precipitation of under-development is also a special feature of this research work. Political economy as a theme of research endeavour had not taken shape in India at the present epoch. Hence, this endeavour has such a major claim also for this special feature in finding out the causes of backwardness of this ancient country. The features of colonialism which was established in this land are traced in depth while the religious features are given due importance.

An overview of third-world problems, making use of Marxist and neo-Kiynesian methods of analysis.

First published in 1982, this reissue deals with the theory of underdevelopment, as Dr. de Silva attempts a synthesis between the internal and external aspects of underdevelopment and, in the Marxist tradition, focuses on the impact of the external on the internal as the dominant reality. Viewing underdevelopment as a problem in the non-transformation to capitalism, this analysis is in terms of the character of the dominant capital and of the dominant classes. Underdevelopment thus encompasses the ‘traditional’ peasant economy and also the export sector where the ‘modernizing’ influence of colonialism was felt. The book finally considers how the contemporary internationalization of capital affected the economies of the Third World.

Economic policy study of underdevelopment, its historical roots and causes in the light of Marxism economic theory - covers population situation, inadequate endowment of natural resources, insufficient capital formation, low labour productivity, etc., the theory of stages of economic growth, dual economy and external factors (trade, international division of labour, foreign investment); studies relationship with capitalism, dependence, distortions in economic structure, population growth and labour supply.

This book argues that mainstream economics cannot explain the underdevelopment and poverty of Nepal, neither can it be explained in terms of economics alone nor capital inadequacy even, as is conventionally believed. The author asserts that Nepal's underdevelopment needs to be located in the nature of the state which has been shaped by the collusion of interest among politicians and the resulting bureaucracy, triggering the growth of crony capitalism. The book presents a critical and radical analysis of factors that have kept Nepal in a state of underdevelopment and poverty, with huge section of the society in underprivileged and deprived socio-economic conditions, despite six decades of planning, seven decades of dependence on foreign aid, and numerous political regime changes, from the Rana regime for over a century from 1846-1950 through to the republic regime from 2007 onwards. To support this argument, the book delves into an exploration of growth performance in Nepal, government attempts at poverty alleviation, foreign aid and its effects in the economy and the nature of the state, with a focus on Maoists' 10-year rebellion. Each chapter presents the existing picture and examines the possible reasons for the failure in achieving the desired results. A comparative analysis of Nepal's position with respect to South Asian Association for Regional Cooperation (SAARC) countries is also presented in a number of chapters. The audience for the book will be students, academics and researchers, and within Nepal itself, intellectuals, politicians, and officials of the National Planning Commission, the central bank and other banks and financial institutions.

This book is a comprehensive introduction to the theories and recent debates on international political economy (IPE). It illustrates the theoretical ideas of the discipline and provides an in-depth understanding of regional and global political economy. The book focusses on the functioning of states and the economy within the perspective of world politics. It explores the theories realism, liberalism, liberal interdependence, hegemonic stability and dependency vis-à-vis the contemporary global economic and political scenario. It provides a historical overview of the developments in the field and study of IPE, institutions such as the International Monetary Fund, World Bank and World Trade Organization; the effects of globalization; the movement of capital; and the contested relationship between human development and democracy. The book examines the effects of neoliberal policies on the functioning of states and highlights the challenges and dilemmas of prioritizing development especially for developing countries. The author also looks at regional formations like the EU, NAFTA, ASEAN, SAARC, APEC and BRICS and their contributions to political and economic cooperation and trade. The book will be useful to the students, researchers and faculty working in the fields of political economy, international relations, economics, political science and development studies.

While Africa is too often regarded as lying on the periphery of the global political arena, this is not the case. African nations have played an important historical role in world affairs. It is with this understanding that the authors in this volume set out upon researching and writing their chapters, making an important collective contribution to our understanding of modern Africa. Taken as a whole, the chapters represent the range of research in African development, and fully tie this development to the global political economy. African nations play significant roles in world politics, both as nations influenced by the ebbs and flows of the global economy and by the international political system, but also as actors, directly influencing politics and economics. It is only through an understanding of both the history and present place of Africa in global affairs that we can begin to assess the way forward for future development.

This book identifies and analyses the political economy elements in Gandhi's thought; evaluating the spiritual and ontological basis of Gandhian political economy, and examining the contemporary relevance of Gandhian political economy both in terms of alternative types of heterodox political economy and in terms of policy. The book presents a groundbreaking step in the creation of a new 'Gandhian' political economy.

Understanding the drivers and inhibitors of economic growth is critical for promoting development in less developed countries, including India. This book examines economic growth in India from 1951 to the present, challenging many accepted orthodox views.

This volume brings together contributions from the academic community, policymakers, and practitioners to delve into the profound challenges facing the international system in the aftermath of the COVID-19 pandemic. With a focus on the Global South, it offers a comprehensive analysis of the political economy of development in this region, considering the economic, social, and geopolitical factors at play. The book addresses the multifaceted challenges that developing countries encounter in terms of economic growth, poverty reduction, and social development in a post-pandemic world. It examines the impact of the pandemic on these countries and explores innovative strategies for promoting economic recovery and sustainable development. It is an invaluable resource for anyone interested in understanding the political economy of development in the Global South post covid-19 pandemic. It provides a comprehensive overview of the challenges facing developing countries and offers valuable insights into the potential solutions that can be implemented to foster economic recovery and development. Its interdisciplinary approach and diverse perspectives make it a valuable resource for anyone interested in the dynamics of development in the Global South.