3 Review(s)

The crisis first in Latin America and recently in the economies of East and South East Asia has generated a lively discussion on the benefits and pitfalls of the process of liberalisation and globalisation. It has also led to questioning of the more or less uniform conditionalities and structural reforms prescribed by the I.M.F. and the World Bank for providing financial assistance. The present Volume discusses these and many other issues relating to the process of liberalisation and globalisation. It has paid special attention to the discussion of the respective roles of the market and the state in any programme of rapid development without creating social tensions. The Volume includes papers written by twenty-two economists spread over the entire country. The response to the first two Volumes of the book was so encouraging that it has led to the publication of the present third Volume.