xx + 328 pages
9.5 x 6.25 inches
Globalization is primarily about the steady growth of economic liberalization around the world, and the drift to a market society in which privatization and commercialization of social policies have followed the process in economic sectors. One of the apparent consequences is a remarkable growth of various forms of economic inequality and insecurity. This book considers a wide range of economic explanations for the increasing wage gap in a globalizing India in away that will fascinate scholars for years to come.
Among the key questions raised in this study about the experience of Indian development since the onset of economic reforms in 1991, three are especially worthy of reflection. First, the difficulty of a dualistic notion and the limitation of the notion of informal sector: while there has been a growth in labour informalization and production in small-scale units, much of the informal labour is in or around large-scale producers. As a result, India has actually created a highly flexible labour system. Second, the issue of outsourcing of jobs which has excited comment around the world: while there is an international re-division of labour taking place, the general equlibrium dynamics of this process defy easy description. Third, the limitations in the conventional analysis of the links between educational skills and economic performance: while the commercialization of education is a matter of serious concern, it is not necessarily correct to presume that formal schooling is an adequate proxy for the possession of skills in workers.
Jeemol Unni is Professor of Economics at the Gujarat Institute of Development Research, Ahmedabad, India. Her recent books are Informal Economy Centrestage: New Structures of Employment (2003), co-edited with Renana Jhabvala and Ratna M. Sudarshan, and Sustainable Development and Social Security: Role of the Non-Farm Sector (2000).
Uma Rani holds a Ph.D in Economics from University of Hyderabad. She specializes in Labour and Institutional Economics, and has recently joined the International Institute of Labour Studies, ILO, Geneva as a Researcher.