Search results
Results From The WOW.Com Content Network
Amiya Bagchi claimed, [1] that the de-industrialisation processes observed in India were a product of colonial rule intentionally aimed at benefiting the British economy. The Industrial Revolution in Europe was dependent on a significant rebalancing of the artisan and manufacturing activities in several European colonies in Asia including India ...
Some criticize industrial policy based on the concept of government failure.Industrial policy is seen as harmful as governments lack the required information, capabilities, and incentives to successfully determine whether the benefits of promoting certain sectors above others exceeds the costs and in turn implement the policies. [29]
Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive reorganisation of an economy for the purpose of manufacturing . [ 3 ]
Roy, Tirthankar (Summer 2002), "Economic History and Modern India: Redefining the Link", The Journal of Economic Perspectives, 16 (3): 109– 130, doi: 10.1257/089533002760278749, JSTOR 3216953; Roy, Tirthankar (2006), The Economic History of India 1857–1947, Second Edition, New Delhi: Oxford University Press.
The government's economic policies, shaped by the desire to attract foreign capital is criticised by some for causing a deterioration in the economic condition of the working class, which potentially leads to a cycle of reduced aggregate demand, further hurting the economy and making it subservient to the interests of foreign capital at the ...
Rowthorn and Wells [6] distinguish between deindustrialization explanations that see it as a positive process of, for example, maturity of the economy, and those that associate deindustrialization with negative factors like bad economic performance. They suggest deindustrialization may be both an effect and a cause of poor economic performance.
And that may be bad news for the economy. What’s going on: Consumer spending is falling back to earth , and even the highest-income Americans are turning to discount retailers like Walmart .
The industrial complex is a socioeconomic concept wherein businesses become entwined in social or political systems or institutions, creating or bolstering a profit economy from these systems. Such a complex is said to pursue its own interests regardless of, and often at the expense of, the best interests of society and individuals.