South Asia 2
Last Modified: 2012-02-29
Related Textbooks:World Regional Geography Concepts
gov’t should own key central economic institutions/producers (banks, steel, electricity, transportation). Not Communism where gov’t owns all
doesn’t operate based on profit but who is going to do the most good for society
need permits for producing certain goods – License Raj
as a demographic super power (very high population), the Indian gov’t needed to create jobs. Many industries deliberately remained labor intensive (people power over machine power) and using machines instead of people became illegal – e.g., textile industries¸ making simple tools (e.g., buckets and axes, household fittings). They employed as many people as possible
- (people power over machine power) and using machines instead of people became illegal – e.g., textile industries¸ making simple tools (e.g., buckets and axes, household fittings). They employed as many people as possible
money stays in the economy, more jobs
might cost more to make it domestically (in the country) if the manufacturing is inefficient. The products aren’t necessarily as good a quality as imported goods – no standardization. You cannot export goods. A protected market leads to poor quality products and services (monopoly conditions)
slow growth of Indian economy – “Hindu rate of growth”
this assumes no expense for travel cost. If the cost is greater to export products
than make it in the country, the cost of transportation negates the advantage ofspecialization
development of containerization impacted shipping in that it allowed the movement of more goods (e.g., series of cranes on docks rather than on ships). “
when did India got tired of the “Hindu rate of growth” and liberalized the economy (got rid of license raj, import substitutions)
large class of educated people (English speaking also). Good technology/business schools = human capital (inexpensive human capital). India has the best bargain because they are productive and cheap labor (services industries
India has been moving up the value chain for providing services
Words From Our Students
"StudyBlue is great for studying. I love the study guides, flashcards, and quizzes. So extremely helpful for all of my classes!"
Alice, Arizona State University
"I'm a student using StudyBlue, and I can 100% say that it helps me so much. Study materials for almost every subject in school are available in StudyBlue. It is so helpful for my education!"
Tim, University of Florida
"StudyBlue provides way more features than other studying apps, and thus allows me to learn very quickly! I actually feel much more comfortable taking my exams after I study with this app. It's amazing!"
Jennifer, Rutgers University
"I love flashcards but carrying around physical flashcards is cumbersome and simply outdated. StudyBlue is exactly what I was looking for!"