Jurnal Hubungan Internasional
ISSN 1411-9729
Vol. 9 / No. 2 / Published : 2016-07
Order : 17, and page :305 - 318
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Original Article :
Model non-ideal reformasi pasar india dalam kontrol ketidaksempurnaan pasar dan peningkatan pertumbuhan ekonomi
Author :
- Atika Wardah*1
- Mahasiswa Fakultas Ilmu Sosial dan Ilmu Politik
Abstract :
Theoretically, implementation of market reforms is based on four ideal outcomes, but it does not apply to the empirical case in India. The case in India shows the success of market reform is in a non-ideal model that there is minimum level of liberalization and depoliticization. The background of the non-ideal model was market imperfection; mainly asymmetric information and uneven distribution of resources. Those barriers to prosperity were overcome through intervention in the form of policies that support market economy without harming the domestic sector. Indications of this success including India’s position as a new economic power, gross domestic product growth, and poverty reduction.
Keyword :
market reform, ideal outcomes, gradualism, new economic power,
References :
Easterly, William,(2006) The Big Push Déjà Vu: A Review of Jeffrey Sachs’s 'The End of Poverty: Economic Possibilities for Our Time' 44 (1), pp. 96-105 : Journal of Economic Literature
Henisz, Witold J., Bennet A. Zelner, dan Mauro F. Guillén,(2005) The Worldwide Diffusion of Market-Oriented Infrastructure Reform, 1977-1999 70 (6), pp. 871-897 : American Sociological Review
Ishvarsinh, Vaghela Dharini,(2014) New Economic Policies: Liberalization, Privatization, Globalization 2 (5). Knowledge Consortium of Gujarat : Journal of Social Sciences
Kotwal, Ashok, Bharat Ramaswami, dan Wilima Wadhwa,(2011) Economic Liberalization and Indian Economic Growth: What’s the Evidence? 49 (4), pp. 1152-1199 : Journal of Economic Literature
Sengupta, Mitu,(2008) How the State Changed Its Mind: Power, Politics and the Origins of India’s Market Reforms 43 (21), pp. 35-42 : Economic and Political Weekly
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