Democracy, neoliberalism and growth with equity : lessons from India and Chile

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

7 Citations (Scopus)

Abstract

This essay questions the still pervasive view that democratic regimes are ill‐suited to reconciling economic growth with distribution. Drawing on the experiences of post‐liberalization India (1991–1999) and post‐authoritarian Chile (1990–1999), it posits the question differently: what explains why Chile's new democracy (the Concertacion) has been able to judiciously combine market‐guided or neoliberal economic policies with reformist and distributive programs, while India, the developing world's largest democracy, has failed to combine its far‐reaching economic liberalization program ‘with a human face’. Moving beyond conventional arguments that stress the merits of authoritarian systems over democracies, the following comparative case study illustrates that it is the state's organizational and institutional capacities that really matter. For countries engaged in economic restructuring, the message is unambiguous: building and reinvigorating the state's administrative and institutional capacities are critical for promoting economic growth with redistribution.
Original languageEnglish
Pages (from-to)347-371
Number of pages25
JournalContemporary South Asia
Volume8
Issue number3
DOIs
Publication statusPublished - 1 Nov 1999
Externally publishedYes

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neoliberalism
equity
Chile
democracy
India
economic growth
authoritarian system
economic policy
liberalization
redistribution
economics
Economic Policy
comparative study
restructuring
developing world
regime
experience
programme

Cite this

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abstract = "This essay questions the still pervasive view that democratic regimes are ill‐suited to reconciling economic growth with distribution. Drawing on the experiences of post‐liberalization India (1991–1999) and post‐authoritarian Chile (1990–1999), it posits the question differently: what explains why Chile's new democracy (the Concertacion) has been able to judiciously combine market‐guided or neoliberal economic policies with reformist and distributive programs, while India, the developing world's largest democracy, has failed to combine its far‐reaching economic liberalization program ‘with a human face’. Moving beyond conventional arguments that stress the merits of authoritarian systems over democracies, the following comparative case study illustrates that it is the state's organizational and institutional capacities that really matter. For countries engaged in economic restructuring, the message is unambiguous: building and reinvigorating the state's administrative and institutional capacities are critical for promoting economic growth with redistribution.",
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Democracy, neoliberalism and growth with equity : lessons from India and Chile. / SHARMA, Shalendra.

In: Contemporary South Asia, Vol. 8, No. 3, 01.11.1999, p. 347-371.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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