Bibliographic Details
| Title: |
Plain tales of the licence raj. |
| Authors: |
Crooks, C. |
| Source: |
Economist. 5/4/1991, Vol. 319 Issue 7705, special section p9-13. 5p. 1 Black and White Photograph, 3 Charts, 2 Graphs. |
| Subjects: |
Indian economy, Economics, Gandhi, Rajiv, 1944-1991, Consumer goods, International economic relations, Prices, International trade, Intermediate goods, Cost control, Economic reform, Government policy, Trade regulation |
| Geographic Terms: |
India |
| Abstract: |
Looks at how and why India micro-managed its way to failure. Claim that India's natural advantages, such as cheap labor and low manufacturing costs, have been systematically overridden by economic policy; Argument that India has one of the most protected domestic economies in the world; Ban on the import of most consumer goods; System for the import of capital and intermediate goods; Failure of attempts to reform export system; Over-regulation of business in India, exemplified by the Monopolies and Restrictive Trade Practices (MRTP) Act; Imprudent deregulation under Rajiv Gandhi. |
| Database: |
Engineering Source |
