The premise of this paper is that globalization faces a endogenously generated crisis which has both economic and political dimensions, a result of the specific combination of continuity and change that has marked its historical trajectory. While western dominance, financialization, and the...

This paper first seeks to establish that no breakthrough in industrialization has coincided with the transition to a liberalized and open economic policy regime since 1991, and then examines the reasons behind this failure of India to break her industrialization impasse. It asserts that the real...

This paper, part of a series on Crony Capitalism and Contemporary India, examines the conceptual meaning of the term crony capitalism, which has acquired considerable popularity since it was used as an explanation for the East Asian crisis. The paper argues that the conception of crony...