Development after Statism
Industrial Firms and the Political Economy of South Asia

Explores how industrial firms in South Asia manage the challenges of production after government withdrawal from directing industry.

Adnan Naseemullah (Author)

9781316611258, Cambridge University Press

Paperback / softback, published 21 February 2019

349 pages, 15 b/w illus. 15 tables
22.8 x 15.1 x 1.7 cm, 0.5 kg

'What is the institutional architecture of industrial development in the aftermath of the decline of the state-led industrial development model? Based on a careful analysis of industrialization in India and Pakistan, Adnan Naseemullah provides an original and compelling analysis that puts firms and industrialists as key governance actors shaping the institutional politics of the industrial economy in South Asia and beyond.' Devesh Kapur, University of Pennsylvania

How can industrial production be managed without the guidance of the state? Adnan Naseemullah discusses industrial development in a new era of drastically constricted state capacity, from the perspective of the manufacturing firm. India's manufacturing economy has been growing after state promotion has receded. How, then, does Indian manufacturing develop in this context? Naseemullah argues that Indian firms must create production structures themselves, investing in networks of capital and labor without signals from above. Depending on manufacturers' backgrounds, these relationships are based either on formal rules or through personal ties, creating a patchwork of institutions that crosscut region and sector. As a result, many firms have been able to regain some certainty for investment, but at the cost of national coherence and the possibility of broader transformation. As a mirror case, this book also explores Pakistan's industrial trajectories, in which similar dynamics suggest the broader applicability of this framework.

1. Introduction
2. Theoretical framework
3. The rise and fall of India's Statist development
4. Industrial finance after Statism in India
5. Labor management after Statism in India
6. Indian firms and the international economy
7. The rise and fall of Pakistan's Statist development
8. Industrialization after Statism in Pakistan
9. Conclusion
Appendix 1. Statistical models
Appendix 2. List of interviews
References
Index.

Subject Areas: Business studies: general [KJB], Political economy [KCP], Development studies [GTF]