Moving Beyond the Spinning Wheel

Jul 5th, 2015
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In the center of India’s flag sits a spinning wheel, a symbol used by Gandhi to protest English textile imports under colonial rule and to demonstrate the nobility of a society of small-scale agriculture and industry. For much of its independence, India’s economy was governed by the principle of the spinning wheel – with disastrous economic and social effects. Just as the United States, in industrializing, had to overcome the belief in the nobility of agriculture that shaped its founding fathers, India is still struggling to move beyond Gandhi-era economics and raise its standard of living.

Word Count: 11955
Showing Page: 1/32
ECONOMIC REFORM IN INDIATASK FORCE REPORTAuthored by:Sandeep AhujaJaime AllentuckJimin ChungCharles CorriganIan HathawayChristopher MartinMicki ONeilBenjamin ReevesCarolina RojasLisa RushingDaniel SwiftJennifer YeawJanuary 2006PPHA- 50900: International Policy Practicum 2005Professor Charles WheelanHarris School of Public PolicyUniversity of Chicago1TABLE OF CONTENTSI. INTRODUCTION ................................................................................................................................................3II. POLITICAL AND HISTORICAL OVERVIEW ..........................................................................................4III. THE POLITICAL ECONOMY OF ECONOMIC REFORM ..................................................................7IV. MAJOR ECONOMIC REFORMS AND RECOMMENDATIONS FOR FUTURE REFORMS ININDIA.......................................................................................................................................................................12V. SOCIAL IMPLICATIONS .............................................................................................................................17VI. INDIAS VIEW OF ASIA AND THE WORLD.........................................................................................23VII. DOMESTIC IMPLICATIONS OF A CHANGING INDIA ...................................................................25VIII. CONCLUSIONS.................................

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