State and Globalization

Contents: Preface. Acknowledgements. 1. State and globalization: an overview/Damyanti Gupta and Roop Singh Bareth. 2. State and globalization: a philosophical perspective/Ramashray Roy. 3. State and globalization: an economic perspective/V.S. Vyas. 4. The McDonaldized model of a global polity and vanishing of the nation-state/P. D. Sharma. 5. Globalization: some random thoughts on the processes of polarization and fragmentation/J.C. Johari. 6. The exclusive politics of globalization and the unaddressed Dalits/P.S. Verma. 7. Governance and public administration in the era of globalization/B.M. Sharma. 8. Self-reliance vis-a-vis globalization: a Gandhian perspective/Asha Kaushik. 9. State and globalization: need to redefine the relationship/J.P. Sharma. 10. Radical amendments in India's economic governance: changing union-state relations in the planning (1950-91) and globalization (post-1991)eras: some constitutional posers/P.C. Mathur. 11. State supremacy/S.L. Verma. 12. Globalization or neo liberal logic to "social survival of the social fittest"/Rajiv Gupta.13. Globalization and the state/Sohan Lal Meena. 14. Globalization and state sovereignty/Inakshi Chaturvedi. 15. Globalization : the Indian experiment/Manju Singh. 16. State in neo-liberal era of globalization: a Marxist view/R.C. Bairwa. 17. Impact of globalization on higher education/Ghasi Ram. 18. Indian society and globalization/Sanjay Bhardwaj and Rana Pratap Singh.
   
"Excellence is not in perfection but in harmony". This old dictum holds true in the context of the theory and praxis of state versus market dichotomy. Too much of everything becomes counterproductive. Accumulated quantitative changes give rise to qualitative changes.

The laissez-faire individualism of the classical liberal era led to the growth of industrial capitalism in the nineteenth century with its insistence on minimalist state and free trade. Excessive individualism and liberalism flourished at the cost of equity, justice and social harmony. To cope up with these problem the 'visible hand' of the state was made really visible. In the western democracies it was done through new deal and welfarism. In the socialist democracies it was done in the name of socialism and in the developing countries through democratic socialism with emphasis on state-led rapid planned development. State intervention did help in controlling the situation. However in the long run, excessive state interventation, particularly, in the Post Second World War period in the name of welfare or socialism or democratic socialism created a case for liberalization, privatization and globalization. This led to the retreat of state and ascendancy of the market. Unrestrained market ascendancy has again precipitated global financial crises necessitating revival of state and state intervention. 

To overcome the cyclical process of change the Greek wisdom had suggested to avoid extremes and integrated and harmonize the good features of various institutional arrangements. In our times what is needed is an intellectual and actual harmony between the state and market. The present book is an effort in this direction." (jacket)