WTO, Self-Reliance and Globalisation

Contents: Preface. 1. The nature and dynamics of globalisation. 2. Indian economy after independence. 3. GATT and WTO: new international economic order. 4. Globalisation and the Indian experience. 5. Self-reliance: essence and implications. 6. Effect of globalisation on third world. Bibliography. Index.

"India has to be a part of global market forces with due stress on the competitive spirit for growth and quality. But economic revival is an exciting proposition. It has to be invigorating, self-generating and mass-based. Herein lies the test for the nation's nerves.

India's future depends upon the rational choices made today and those to be made from now on. History is full of examples of countries, which got crushed under their own follies just by ignoring the basic human values and cultural roots. Every economic philosophy gains or looses its creditability by its conduct and approach to human beings, especially the poor. And we have a lot of them. They can't be left to the mercy of market operators.

The main thrust of the present book is that the economy is not a matter of bargain. Nor is it free play of statistics. The liberalisation policy has to address itself to the liberalisation of masses from the clutches of poverty and unemployment." (jacket)