In recent times, some initiatives to liberalize the financial sector have been taken; some more measures need to be taken. In this monograph, the author discusses several measures to make the financial sector improve the economic performance of the country. These liberalization measures must bo...

The package of economic reforms initiated by the new PV Narashima Rao government, is likely to generate a strong tendency towards dispersal of power. However, whether this tendency will grow and mature, will depend upon what supportive reforms, both political and economic, are taken by the...

An attempt has been made in this monograph to highlight the role of unincorporated enterprises in the Indian Economy and the relevance of the economic reforms currently underway. The share of the unincorporated sector in national income, in manufacturing and in activities like transport, trade,...

Presence of externalities can be significant in the developing economies, which have been able to augment aggregate economic growth in response to policy reforms. The empirical results of this paper based on firm level panel data for 12 Indian industries indicate presence of external economies...

The virtually bloodless revolutions of 1989 in Eastern Europe have understandably given rise to a rich complex spectrum of controversy and debate among reformers and specialists in both East and West on the problems and prospects surrounding the ability of these economies to make a successful...

Both economic reforms and sustainability have come to the fore at the same time in recent years. In fact, they are contradictory to each other as also their underlying principles conflict with each other. For instance, economic reforms advocate faster rates of growth while sustainability pleads...