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"After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid...
Author
Description
Examines traditional theories of monopoly capitalism and world systems analysis and puts forward the concept of global capitalism as a new stage in capitalist development during the past 20 years. Presents case studies which illustrate the impact of global capitalism on the structure of the world system and on three areas of the USA from the 1930s to 1984.
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