Emerging Dimensions of Global Trade : Discussions on Trade Related Policies

Contents: Contributors. Preface. I. Global Trade Policy, liberalisation and WTO: 1. Multilateralism globalisation and business bargaining in WTO Deliberations: some implications for developing countries/R.S. Jalal. 2. Distortions and asymmetries in global trading order: implications for developing areas/M.R. Aggarwal. 3. Liberalisation of Indian economy: reflections on the external sectors/R. Shashi Kumar. 4. Dialectics of economic reform: implications of a regime change/S.V. Bokil. 5. Multilateralism under the Aegis of WTO: Some issues and their implications for India and other developing countries/Neelam Choudhary and Rajender Gupta. 6. World Trade Organisation and its implications for developing countries/Prashant Pandey and Neetu Kaushik. 7. Impact of WTO on Indian economy/Sanjay Kumar and Nandan Singh Bisht. II. Agricultural constraints and domestic rural manufacturing: 8. Role of small scale and agro-based industries in India: a discussion in the context of Liberalisation Policy/B. Satyanaranan. 9. Indian agriculture, Trade and WTO/M.K. Ghadoliya. 10. Changes in the cropping pattern of Andhra Pradesh and its impact on food security/E. Krishna Rao. 11. Prospects of agro-processed food exports under globalisation/V.P. Tripathi, Sudhakar Dwivedi and Arun Bhadauria. 12. Globalisation of Indian agriculture and challenges/P. Arunachalam. 13. Need for technological innovations in agricultural sector for keeping pace with globalisation: a case of North East Indian Agriculture/A.B. Rajkonwar. 14. Potentialities for export of horticulture product: Indian scenario/Satish Srivastav. 15. Implications of World Trade Organisation on dairy sector of India/Kusum Maini and R.K. Lekhi. III. Challenges, implications and adjustments under emerging trade-order: 16. Challenges posed by globalization for domestic economies of developing world/R.S. Jalal and Nandan S. Bisht. 17. GATS and Higher education: some critical reflections/V.B. Kakade. 18. Challenge of protecting labour against technological unemployment/Seema Singh. 19. Impact of globalisation on Indian diaspora: some implications for socio-economic management/D.S. Bisht and Madhu Sah. 20. Liberalisation and FDI in India/P. Arunachalam. 21. Trade balance of India: some reflections on trends vis-a-vis globalisation/Sanjay Tiwari and Bhartendu Singh. 22. Globalisation and disinvestment in India/Prashant Pandey. 23. Impact of privatisation on public sector enterprises and employment in India/R.S. Dhananjayan and R. Shanthi. Index.

"New Economic Policy (NEP) or the economic reforms package was injected in the Indian economy in 1991. A controversy is tabled for discussion even today as to whether the NEP is enthusiastically acceptable to Indian farmer, the rural petty manufacturers and the class of craftsmen? As a founder member of GATT now WTO, India formally accepted it and took it for granted that Indian farmers and rural industry-men would be, by and large, gainers. Finally, the Uruguay Agreement was enforced on 1 January, 1995. Before Uruguay Round, the Indian economy, then, was in a critical shape and radical changes had taken place at global level. India could not keep aloof from this new wave. Over the last decade, our economy has witnessed a fairly drastic change in its growth and trade related policies. Today, liberalization, privatisation and globalization are the basic features of trade related policies, which has compelled the government to completely overhaul policies relating to industry, exim, fiscal and monetary regimes in the country. Removal of the trade and non-trade barriers for enhancing the size of international trade is basic objective of the WTO agenda. A decade down the line, it is, therefore, pertinent to ask, has India gained as result of liberalization policy? If not, why has India not gained and what can be done to remove the constraints?

This book presents a critical appraisal of aforesaid questions. It examines the multifarious problems, and constraints, to trade related policies. Agreements on market access, agreements on multilateral rules, TRIPS, TRIMS, GATS, Disinvestments etc. more or less, all the aspects have been covered in this book. The book would be found useful to government executives concerned with the formulation of trade policies, students and researchers." (jacket)