Is India Becoming More Liberal? Globalization, Economic Liberalization, and Social Values

Socio-economic Dimensions of Globalization in India

Introduction: After Independence, the managers of the Indian economy took very cautious steps. They found the world sharply divided into two blocs: the one led by the capitalist economies (the US in particular) and other led by the communist economies, primarily the then USSR. There was a cold war between these two blocs. Lessdeveloped economies had no option than to join either of the two and ...

Is HIV becoming more virulent?

Capital - Market Liberalization , Globalization , and the Imf

One of the most controversial aspects of globalization is capital-market liberalization—not so much the liberalization of rules governing foreign direct investment, but those affecting short-term capital flows, speculative hot capital that can come into and out of a country. In the 1980s and 1990s, the IMF and the US Treasury tried to push capital-market liberalization around the world, encount...

Is Transnational Terrorism Becoming More Threatening?

Is Devaluation working? Evidence from India in phase of Economic Liberalization

Using the data from a developing country like India, we offer an empirical analysis to examine the relationship between devaluation of the Rupee and the real trade balance with her major trading partners since the liberalization process that began in July 1991. Exploiting the recent advances in panel-data time-series econometrics, we document that devaluation may not be effective in improving t...