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Essay From An Unorthodox Perspective

842 Words4 Pages

This gathering of compellingly contended eight articles written by Amit Bhaduri is a critique of the widespread notion of expeditious industrialization and high corporate growth led by financial globalization pursued vehemently by majority of the countries around the world . It challenges the mainstream theory that “rapid economic growth at any cost will soon take us to land of prosperity without poverty” considered as gospel by the supposed learned experts from the academia, the so-called intelligentsia and the entire poplulace of the world .An acclaimed economist Amit bhaduri, has long been known as a consistent critic of mainstream neoclassical economic theory, relentlessly exposing its logically flawed foundations and articulating elective improvement systems for the same.(Employment and Development: Essays From an Unorthodox Perspective, his earlier book, is a similar exploration of widely debated economic issues). …show more content…

What is of impressive import is the part that the State plays in enlarging this gorge. In the first essay, Bhaduri keeps up that in a globalized India, the welfare State has changed itself into the defender of the privileges of huge enterprises by marginalizing the poor majority, to support a model of corporate-led industrialization as the way to our economic development without questioning its relevance in the Indian

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