Why Growth Matters

Why Growth Matters

How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries

eBook - 2013
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In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty?Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies.
Publisher: New York : PublicAffairs, 2013
ISBN: 9781610392723
Characteristics: 1 online resource (305 p.)
Additional Contributors: Panagariya, Arvind
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