Introduction The character of the Indian state in the decades following Independence has remained one of the central debates in Indian political economy and political sociology. While the Constitution proclaimed the ideals of justice, equality, democracy, and later socialism, the trajectory of economic development revealed a complex interaction between state-led planning, mixed economy, democratic politics, … Continue reading Examine K. K. R. V. Rao’s characterization of the Indian political system as a class alliance that employed socialist rhetoric while facilitating capitalist development, and evaluate its explanatory value in understanding the nature of the post-independence Indian state.
Tag: capitalist development
How can the capitalist model of development be critically assessed in terms of its structural characteristics, practical utility, and inherent limitations for the socio-economic transformation of developing countries within the framework of contemporary global political economy?
Critical Assessment of the Capitalist Model of Development in the Socio-Economic Transformation of Developing Countries within the Contemporary Global Political Economy Introduction The capitalist model of development has long been the dominant paradigm shaping the trajectory of socio-economic transformation in the developing world. Rooted in the principles of market liberalism, private property, and the pursuit … Continue reading How can the capitalist model of development be critically assessed in terms of its structural characteristics, practical utility, and inherent limitations for the socio-economic transformation of developing countries within the framework of contemporary global political economy?