In this paper we try to address the current debate on the link between trade liberalization and wage inequality in developing countries within a general equilibrium framework. For this we set up two distinct models of trade. First, assuming a specific factor model with full employment we show...

In this paper we have made an attempt to explain the observed rising inequality between unskilled and skilled wages, or, fall in relative wages of unskilled labour within a general equilibrium framework by introducing specific factors and non- traded intermediate goods. For this we set up two...

This paper is an attempt to demonstrate how the entry (costless) of firms in an industry may have a dramatic effect on exports from an industry in a country. The results have tremendous implications for LDCs suffering from resource and BOP constraints but having reservoirs of cheap labor. The...

This paper critically examines the relevance of the Look East Policy for the industrialisation of the northeastern region of India. While recognising the strategic and political importance of the northeast in formulating India's neo-economic diplomacy and foreign policy is a positive step, it...

The industry and trade policy regimes in India have witnessed drastic changes since 1991. The dismantling of the industrial licensing system and thereby allowing free entry to and exit from the industry of firms in 1991 followed by the WTO induced trade liberalization leading to substantial...

This book serves two purposes. It provides a straightforward exposition of the complex issues pertaining to the WTO agreements and negotiations, and it presents rigorous analyses of the impact of the WTO-induced reforms on the Indian economy. The book addresses a number of salient issues,...

The economic structure and rates of growth across the states in India are markedly different, with significant disparities in income per capita growth as well as sector-specific performance. The high-income states have typically led the Indian growth story with their high growth rates, while...

This paper examines the impact of economic liberalization on interregional inequality in India. It has been observed in many studies that interregional inequality in India has been steadily increasing over time. This paper is a further confirmation of this result. We have tried to locate the...

In this paper we have looked at the structure of competition in the Indian corporate sector during 1989 - 2003 and found that the new industrial policy has not been able to foster greater competitiveness in organized industries. In spite of an increase of in the number of firms, the industry...