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- W2338727452 abstract "This paper explores the relationship between inequality, rents and the growth process in India. It argues that it is useful to explore the political economy of India’s growth in terms of the joint influence of institutionalized rent-sharing processes on both inequality and growth. These can be thought of as forms of implicit social contracts between the state and business, and the state and various social groups. The inequalities of interest are not those measured in terms of inter-household distribution but rather those reflected in various structural features and relationships—in relation to corporate wealth, identitybased differences, spatial inequalities and education. These are the ones that do work in the variety of political, social and economic interactions that are the basis of the rentcreation and rent-sharing processes. Some of these have been consistent with the past growth acceleration. But, in looking to the future, the paper speculates that failure to resolve the structural inequalities could lead to India getting stuck in a future growth deceleration, as happened in many Latin American countries. Real long-run transformation will involve tackling these inequalities and shifting to new forms of the social contract." @default.
- W2338727452 created "2016-06-24" @default.
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- W2338727452 date "2011-01-01" @default.
- W2338727452 modified "2023-09-23" @default.
- W2338727452 title "Inequality, rents and the long-run transformation of India" @default.
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