From Developmentalism to Neoliberalism A Comparative Analysis of Bra
This book studies the experiences of Brazil and India, the major economic powerhouses of the 21st century, during the neoliberal era. Both the nations have become important players in global markets and their economic performance has captured the attentio
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From Developmentalism to Neoliberalism
Rahul A. Sirohi
From Developmentalism to Neoliberalism A Comparative Analysis of Brazil and India
Rahul A. Sirohi Indian Institute of Technology Tirupati Tirupati, Andhra Pradesh, India
ISBN 978-981-13-6027-5 ISBN 978-981-13-6028-2 (eBook) https://doi.org/10.1007/978-981-13-6028-2 Library of Congress Control Number: 2019930404 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Marina Lohrbach_shutterstock.com Cover design by eStudio Calamar This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
For Sam, Ari and Sameera
Preface
My interest in working on the Brazilian and Indian economies began when I was a Ph.D. student at UIUC. There I had the good fortune of coming in contact with leading Brazilianists like Professor Werner Baer who had been actively working on the Brazilian economy. I had always been interested in Latin America but it was only once I got in touch with Werner that I started looking at a comparative political economy of the two countries as a serious research topic. I started working on my book soon after I graduated in 2014. By then I was well acquainted with the literature on these two economies and I came to realize that very few studies had actually done a comparative analysis of Brazil and India in the post-1980 period. That was when I seriously started considering writing a larger manuscript on the two economies. The main trigger for writing this book, however, came from political events in Brazil and India. 2014 witnessed the fourth consecutive electoral victory of the left-wing party,
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