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31. Economic Growth, External Debt and Export Relationship: The Case of Bhutan

Author:
Jigme Nidup
Publication Date:
04-2019
Content Type:
Journal Article
Journal:
Journal of Bhutan Studies
Institution:
Centre for Bhutan & GNH Studies (CBS)
Abstract:
Bhutan depends mostly on external debt for economic development. Most of its external debt is related to hydropower construction, which in total overshot its GDP by more than 100 percent. This has worried some sections of the society. However, Johansen’s cointegration test suggests that there is no long-term relationship between economic growth, external debt, external debt service and export in Bhutan. Further, findings from the unrestricted VAR indicate that even in the short-term, external debt and external debt service have insignificant relationship with economic growth, while it is the export that substantially helps the economy to grow. The Impulse Response Analysis (IRS) suggests that over a mediumterm period, a shock from external debt, external debt service can positively influence economic growth at least up to four and half years after initial negative effect. Whereas, export is found to positively impact growth all the way up to fourth year. Therefore, Bhutanese government should focus more into producing export-oriented goods and services in order to spur economic growth.
Topic:
Debt, GDP, Economic Growth, and Economic Development
Political Geography:
South Asia and Bhutan

32. India’s Global Challenge

Author:
Ugo Tramballi and Nicola Missaglia
Publication Date:
06-2019
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
India wins yet again!” Narendra Modi announced in May 2019, just after securing a second term as Prime Minister of the world’s largest democracy in a landslide general elections victory. When Modi was elected for a first term five years ago, he promised that India would win back its place at the high table of leading world powers. Indeed, after decades of sustained growth, India today is at a tipping point in terms of socio-economic prospects for its 1.35 billion citizens. As the global balance of power and economic growth shifts towards Asia, and a whole new set of forces is seeking to redefine the international order, opportunities abound for the subcontinent to carve out its place as a leading, democratic, global actor. Is India ready to do so?
Topic:
Elections, Economic Growth, Domestic Politics, and Socioeconomics
Political Geography:
South Asia and India

33. Exploring the Awareness of China Pakistan Economic Corridor: A Stakeholder’s Perspective

Author:
Fouzia Hadi Ali and Aban Abid Qazi
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
The purpose of this paper is to examine the prospects of China Pakistan Economic Corridor (CPEC) from a stakeholder’s perspective. The identification and communication of stakeholders can play a vital role in identifying the perceptions of all who are directly or indirectly involved in a project. Moreover, this study focuses on the general nature of stakeholders and their awareness about the mega project. An exploratory study was conducted through a structured survey instrument to tap the awareness and opinions of the stakeholders connected to the likely benefits of CPEC. The results revealed interesting findings relating to their opinions about CPEC. The study further suggests some important implications and future directions to introduce an inclusive approach to mitigate the misconceptions about CPEC.
Topic:
Development, International Cooperation, Infrastructure, Economy, and Economic Growth
Political Geography:
Pakistan, China, South Asia, and Punjab

34. China's Middle East Policy: Implications for Pakistan

Author:
Asma Shakir Khawaja
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
In the contemporary history, the Middle East and China are the focus of global attention. Though Middle East has fought an ideological struggle with regard to religious extremism in the region, yet the quest for power energy sources cannot be overlooked. While Chinese policy frame , revolving around its approach of non-interference, economic development and a desire of having multi-polar global system is serious challenge for the US which on one hand, advocates democracy, human rights, but with the policy of intervention. Today, the world powers are competing each other for the supremacy of power resources where oil and gas are not an exception. China is the second largest consumer of world‘s oil after the United States (Bajpaee, 2006). China is making an effort to build an economic, political and military influence in the region without involving the military force. Though future will reveal many truths yet it is anticipated that a new triangular balance of power comprising of China, Saudi Arabia and Russia might emerge on the global scene, owing to their inter-connected dependencies. China is looking forward by pursuing the policy of wait and see for the appropriate moment This study primarily focuses on their bilateral relations and deals with China‘s Middle East policy, its increasing activities in the region and implications for Pakistan. For Pakistan, the nature of future relationship with Middle Eastern multi-dimensional crisis is very important because it is the ―Arc of crisis‖. The neutral role of Pakistan in this situation is much hazardous, carrying both challenges and opportunities along with the security repercussions.
Topic:
Foreign Policy, Energy Policy, Oil, Power Politics, and Economic Growth
Political Geography:
Pakistan, China, South Asia, Middle East, and Punjab

35. Engines without Drivers: Cities in India’s Growth Story

Author:
Partha Mukhopadhyay
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
It is now almost axiomatic that cities are the engines of growth. Historically, federal support programmes have focused on rural areas, but over the past fifteen years, the need to devise such programmes for urban local bodies has come to be recognised, with JNNURM in its various forms, being the most visible early manifestation. This trend has continued, even strengthened, in this government and among the menu of urban support programmes on offer from the Government of India, the vision of the city as the engine of growth is most clearly evident in the Smart City Mission, with its focus on area based development – like an engine within the city. Yet, even in the mainstream economics literature, while there is evidence for cities as places of higher productivity, there is less evidence for cities as drivers of growth – with learning being the primary driver and urban primacy being an important obstacle. The primary questions are whether cities are places of learning, whether there are identifiable mechanisms of such learning and the kind of city institutions – economic, social and political – that facilitate such learning. This paper will interrogate the empirical characteristics of such urban institutions in India in the context of the theoretical literature and learning mechanisms that emerge from international evidence. In particular, it will argue that the nature of the labour market, which is largely contractual, the transfer of rural fragmentation in social relations to cities and the absence of city-level political agency, all reduce the potential of the city as a location of learning economies. For cities to even have the possibility of being engines of growth, we need to ensure that drivers of these engines are in place and we have a mechanism to think about paths to follow.
Topic:
Development, Government, Urbanization, and Economic Growth
Political Geography:
South Asia, India, and Asia

36. Integrating Urban Development and Climate Objectives: Insights from Coimbatore

Author:
Ankit Bhardwaj and Radhika Khosla
Publication Date:
07-2018
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
Indian cities routinely make decisions on land use, housing, water, transport, economic growth and waste management that have implications for climate change mitigation and adaptation. Aligning these sectoral actions with climate goals involves understanding how infrastructural systems interact and how these choices address both development and climate objectives. City governments, as managers of these various infrastructure systems, can co-ordinate such decision-making. However, so far, this is largely ad hoc. We show how cities can use a ‘multiple objective’ approach to systematically examine, and make explicit, the linkages between local objectives, climate change mitigation and adaptation across their planning portfolio.
Topic:
Climate Change, Development, Water, Economic Growth, Urban, and Sanitation
Political Geography:
South Asia, India, and Asia

37. Midcourse Manoeuvres:Community strategies and remedies for natural resource conflicts in Myanmar

Author:
Meenakshi Kapoor, Nwe Ni Soe, and Vidya Viswanathan
Publication Date:
06-2018
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
Land transformation has been at the centre of economic growth of post-colonial, Asian nation-states. While their political reforms and economic policies have focused on land governance, the outcomes have resulted in promoting privatisation and speculative business interest in ecologically sensitive landscapes that are also under diverse forms of common use by resource-dependent communities. A three-year study undertaken to understand community-level responses to land use transformation in India, Indonesia and Myanmar shows that the current scale and approach of land–intensive development in these large democracies is facilitated by fast-paced, top down policy changes. These policies are ‘stacked’ (when multiple layers of current and revoked laws are simultaneously in use) rather than integrated and their implementation is the responsibility of various authorities and agencies that overlap. Growing private investments in land that has remained within varying degrees of state control have changed the way land is managed. Land has become increasingly securitised and ‘out of bounds’ for small farmers and other land-users with or without recognised forms of ownership and use rights. Land conflicts are caused due to coercive acquisition processes or land grabs, unlawful operations of projects and long pending remedies to social and environmental impacts. In many instances, these conflicts begin even before the final decisions on projects are taken and persist for years. Highly capitalised land use change brings powerful investors and corporations, governments and local communities in unequal and precarious arrangements of negotiation and confrontation. Citizens and communities affected by land use change, use varied strategies such as administrative complaints, protests, litigation, media campaigns and political advocacy, and engage in improving project design and implementation, increase compensations, restore community access to resources and get a review on the operations of harmful projects. These are done under conditions of political intransigence and criminalisation of those who speak up. While all three countries have recognised land conflicts and their impact on development plans and proposals, they are yet to give affected people a formal and effective role in land and natural resource governance. This is the study report on Myanmar.
Topic:
Privatization, Natural Resources, Governance, Economic Growth, Land Law, and Land Rights
Political Geography:
South Asia, India, Asia, and Myanmar

38. Midcourse Manoeuvres: Community strategies and remedies for natural resource conflicts in India

Author:
Kanchi Kohli, Meenakshi Kapoor, Manju Menon, and Vidya Viswanathan
Publication Date:
06-2018
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
Land transformation has been at the centre of economic growth of post-colonial, Asian nation-states. While their political reforms and economic policies have focused on land governance, the outcomes have resulted in promoting privatisation and speculative business interest in ecologically sensitive landscapes that are also under diverse forms of common use by resource-dependent communities. A three-year study undertaken to understand community-level responses to land use transformation in India, Indonesia and Myanmar shows that the current scale and approach of land–intensive development in these large democracies is facilitated by fast-paced, top down policy changes. These policies are ‘stacked’ (when multiple layers of current and revoked laws are simultaneously in use) rather than integrated and their implementation is the responsibility of various authorities and agencies that overlap. Growing private investments in land that has remained within varying degrees of state control have changed the way land is managed. Land has become increasingly securitised and ‘out of bounds’ for small farmers and other land-users with or without recognised forms of ownership and use rights. Land conflicts are caused due to coercive acquisition processes or land grabs, unlawful operations of projects and long pending remedies to social and environmental impacts. In many instances, these conflicts begin even before the final decisions on projects are taken and persist for years. Highly capitalised land use change brings powerful investors and corporations, governments and local communities in unequal and precarious arrangements of negotiation and confrontation. Citizens and communities affected by land use change, use varied strategies such as administrative complaints, protests, litigation, media campaigns and political advocacy, and engage in improving project design and implementation, increase compensations, restore community access to resources and get a review on the operations of harmful projects. These are done under conditions of political intransigence and criminalisation of those who speak up. While all three countries have recognised land conflicts and their impact on development plans and proposals, they are yet to give affected people a formal and effective role in land and natural resource governance. This is the study report on India.
Topic:
Development, Privatization, Natural Resources, Business, Economic Growth, Land Law, Conflict, and Land Rights
Political Geography:
South Asia, India, and Asia

39. A Policy Proposal for Green Jobs in India A Quantitative Analysis on Inclusivity of Green Jobs

Author:
Rohit Azad and Shouvik Chakraborty
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Centre for Sustainable Employment, Azim Premji University
Abstract:
The policymakers, particularly on the right side of the aisle, have traditionally stigmatized any form of environmental regulations, as being a detrimental practice, which raises the cost of production, disproportionately affects the small businesses, and imposes expenses on the economy that tend to stifle economic growth and cut levels of employment (Murphy et al. [2015]). So, what this argument does is to essentially juxtapose environmental regulations against the growth and job opportunities in any economy. In the specific context of developing countries, this raises serious concerns about any environmental regulations as these economies are already reeling under problems of severe unemployment and poverty. Therefore, any discussion on clean energy in the context of a developing economy is usually taken with a grain of salt since it somehow tends to generate a feeling among the politicians as well as the policymakers that it will inflict hardships on the economy.
Topic:
Environment, Regulation, Economy, Economic Growth, Inclusion, and Green Jobs
Political Geography:
South Asia and India

40. An Approach to the Problem of Employment in India

Author:
Deepankar Basu
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Centre for Sustainable Employment, Azim Premji University
Abstract:
The challenge of employment in the Indian economy, especially after it growth acceleration since the mid-1980s, relates to its quality rather than its quantity. While employment growth has kept pace with the labour force over the long run, what has grown is informal employment. The coexistence of rapid capital accumulation, robust output growth and lack of growth of formal employment can be understood using the well-known Harris-Todaro model of a dual economy. This framework highlights the key role of the wage gap between the modern and traditional sectors as a determinant of urban informal employment. Hence, one of the most effective and egalitarian ways to address the employment problem is to adopt policies to increase agricultural productivity and income, which can reduce the wage gap. Since crop yields in India are far lower than many other countries in the world, including China, Brazil, and Bangladesh, there is ample scope for land-augmenting and labour-absorbing technological change in Indian agriculture. Efforts to ramp up industrialization should be taken up in earnest only after the wage gap has been narrowed significantly.
Topic:
Agriculture, Employment, Economic Growth, and Informal Economy
Political Geography:
South Asia and India