The Long March to Capitalism: Embourgeoisment, Internationalization and Industrial Transformation in India

The second in a trilogy of studies on globalization, industrial change, and development, this work by D'Costa (comparative international development, U. of Washington) analyzes the sources of India's recent industrial transformation and its processes of capitalist development. He explores the social (class) foundations of state-led capitalist development and structural transformation in creating market demand; the macroeconomic basis for the shifting regime of accumulation and the emerging new capitalist mode of regulation; changing institutional arrangements under the new mode of regulation (such as state-business relationships, the role of foreign capital in internationalizing the automobile supply system, and increased output); the backward integration of the automobile industry with the diffusion of best industry practices in India; and the social consequences of capitalist industrialization such as uneven regional development, social and economic exclusion, excess capacity, and environmental challenges. Annotation ©2006 Book News, Inc., Portland, OR