Public policies and the industrial economy of India: since independence

This book reviews and assesses the validity of the proposals put forward by the Group of 77, cutting across ideological and other boundaries in crucial areas, to build a New International Economic Order. It examines the attitude and response of the Northern countries to these proposals, and suggests a strategy, while keeping in view the prevailing world economic and political situation, for reducing disparities and imbalances in incomes, stopping the continuous income drain from the South' to the 'North', and accelerating the overall process of economic and social development in general and meeting the needs and aspirations of the Third World, specially the least developed countries, in particular.

The book also examines the contribution of transnational corporations to the economic development of developing countries, the issues involved in the transfer of technology through multilateral cooperation, the uses and relevance of international commodity agreements in order to stabilize prices and export earnings of the developing countries, the special problems of the least developed countries and the justification for the proposals put forward to reform the present international monetary system. It highlights the various other issues that need to be addressed more effectively in the future.