"The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith
Dietmar Rothermund broadens the conventional focus of the great depression to include its impact on the countries of Africa, Asia and Latin America. He explains key areas, such as Keynesian theory and the role of the international gold standard.
This book aims to give a complete description of the impact of the Great Depression on the Madras Presidency, by using the techniques of both a historian and an economist. Manikumar's multidisciplinary approach provides a fresh perspective on the political, economic and social conditions of the Presidency in the 1930s. The major areas covered are: Madras's economy before the Depression, particularly the state of the export-dependant agricultural sector; the rise of indebtedness among the peasants; the varied effects on industrial sectors; the economic policies of the colonial government, which worsened the degree of debt; and the social and political effects of the Depression, including the Indian National Congress's increased political influence.
Essays by leading historians from around the world combine to create a timely and authoritative assessment of a number of the major themes in the history of modern South Asia.
In recent decades, private investment has led to an economic resurgence in India. But this is not the first time the region has witnessed impressive business growth. There have been many similar stories over the past 300 years. India's economic history shows that capital was relatively expensive. How, then, did capitalism flourish in the region? How did companies and entrepreneurs deal with the shortage of key resources? Has there been a common pattern in responses to these issues over the centuries? Through detailed case studies of firms, entrepreneurs, and business commodities, Tirthankar Roy answers these questions. Roy bridges the approaches of business and economic history, illustrating the development of a distinctive regional capitalism. On each occasion of growth, connections with the global economy helped firms and entrepreneurs better manage risks. Making these deep connections between India's economic past and present shows why history matters in its remaking of capitalism today.
Much has been written on the Indian economy but this is the first major attempt to present India's economic history as a continuous process, and to place the development of agriculture, industry and currency in a political and historical context.