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Shiv Nadar University

Economics and Public Policy

(SME) School of Management and Entrepreneurship

Journal of Business Ethics

Economic Reforms &amp; Corporate Governance in India

(sponsored by United Nations Development Program, Anti-Poverty Partnership Initiatives)

Fighting Urban Poverty, Workshop Report prepared as Chief Rapporteur Workshop on Fighting Urban Poverty in Central America, York University, Toronto

Book Review: Regionalism across the North/South Divide: State Strategies and Globalization

As suggested in Chapter 5, there is one central paradox that has come to characterise India’s corporate economy today. On the one hand, the regulatory framework through which the Indian state had historically managed accumulation stands dismantled. On the other hand, some highly problematic continuities with the interventionist era remain. For those of us who believe in history, perhaps such a paradox is to be expected; nonetheless, the importance of this paradox — of the coexistence of some elements of state intervention simultaneously with weak regulatory powers of the state — needs to be assessed carefully.

International Political Economy Series book series (IPES)

The Paradox of Profits: Some Tentative Conclusions

Gender Justice versus Religious Freedom in India: What Constitutions Can and Cannot Do

Human Security, Human Development &amp; Regional Collaboration: Towards A NewPartnership between Canada and South Asia, report on study commissioned by the South Asian Regional Program

In this chapter, I will explicate certain theoretical notions with respect to the corporate economy. Obviously, much of corporate theory as we know it today has evolved in the West, alongside the development of corporate capitalism. While the developmental dynamics in the developing world have been quite different, some of the basic institutional mechanisms of Western corporate capitalism have been imported to the developing world through the relationships of colonialism. As DiMaggio and Powell (1983) have argued, a colonial history produces a certain degree of institutional ‘mimicry’, whereby organisational forms adopted by post-colonial states come to reflect colonial structures. In any case, it is possible to argue that certain similarities characterise capitalisms of both worlds, at least to the extent that they both concern the accumulation of capital through the institution of the modern corporation. In both worlds, the corporation seems to have provided an enduring framework for the ownership and control of assets, the investment and accumulation of capital and the organisation of production.

Perspectives on the Indian Corporate Economy

Corporate Structures, Corporate Control, Corporate Power: Some Conceptual Explorations

In Chapter 3 I sketched the genesis and transformation of corporate capital in colonial India. In this chapter, I will attempt to develop a similar characterisation of capital in Independent India, spanning roughly the period 1950 to 1985. First, I will sketch the general context in which the interventionist model was adopted. Next, I shall discuss the principal structures of corporate governance associated with this model, looking at both the micro-level structures internal to the firm as well as the broader political-economic structures within which the firm was embedded. In the third section I will outline the nature of growth and corporate profitability that occurred as a result of the various governance structures specific to the period, and in the final section I will attempt to relate the discussion in the three sections to examine the relationship between the growth of the corporate sector and the overall growth and transformation of the Indian economy during this period.

Corporate Capitalism in Independent India: the Interventionist Model and its Contradictions

As suggested in Chapter 5, there is one central paradox that has come to characterise India’s corporate economy today. On the one hand, the regulatory framework through which the Indian state had historically managed accumulation stands dismantled. On the other hand, some highly problematic continuities with the interventionist era remain. For those of us who believe in history, perhaps such a paradox is to be expected; nonetheless, the importance of this paradox — of the coexistence of some elements of state intervention simultaneously with weak regulatory powers of the state — needs to be assessed carefully.