IDEAS home Printed from https://ideas.repec.org/a/ksp/journ6/v2y2015i3p117-127.html
   My bibliography  Save this article

Sectoral Impact of World Bank Loans to India in the Pre and Early Liberalisation Period: An Assessment of Agriculture, Social and Power Sectors

Author

Listed:
  • Gadde OMPRASAD

    (Sikkim University, India.)

Abstract

India’s relations with the World Bank can be traced back to the latter’s origin. India was one of the 17 countries, prepared the agenda for the Bretton Woods Conference ( June 1944). It was also one of the 44 countries which signed the final agreement for the establishment of the Bank. As the Bank operates in India through many kinds of projects, the country obviously offers an experimental ground for learning lessons and getting insights. In the mid of 20th century India assisted the World Bank, by facilitating it to study various problems in sectors like agricultural, social and power sectors to learn and, to “increase its understanding of the fundamental interactions of agriculture, poverty alleviation, and environment development efforts”. Based on these studies World Bank started to suggest policy prescriptions to various problems in these sectors and subsequently what was emerged as and conditionalities based funding. The article provides an insight understanding of the impact of these loans in general and in Agriculture, Social and Power sectors in particular. It confines till the middle of 1990’s from when the actual liberalization period started before engaging the country to a rapid economic growth.

Suggested Citation

  • Gadde OMPRASAD, 2015. "Sectoral Impact of World Bank Loans to India in the Pre and Early Liberalisation Period: An Assessment of Agriculture, Social and Power Sectors," Journal of Economics Bibliography, KSP Journals, vol. 2(3), pages 117-127, September.
    • Handle: RePEc:ksp:journ6:v:2:y:2015:i:3:p:117-127
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEB/article/download/447/512
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEB/article/view/447
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gilbert,Christopher L. & Vines,David (ed.), 2000. "The World Bank," Cambridge Books, Cambridge University Press, number 9780521790956, October.
    2. Bates, Robert H, 1993. "The Politics of Economic Policy Reform: Review Article," Journal of African Economies, Centre for the Study of African Economies, vol. 2(3), pages 417-433, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boockmann, Bernhard & Dreher, Axel, 2003. "The contribution of the IMF and the World Bank to economic freedom," European Journal of Political Economy, Elsevier, vol. 19(3), pages 633-649, September.
    2. James Boyce, 2003. "Aid, Conditionality, and War Economies," Working Papers wp70, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. Lay, Jann & Wiebelt, Manfred, 2001. "Towards a dual education system - a labour market perspective on poverty reduction in Bolivia," Kiel Working Papers 1073, Kiel Institute for the World Economy (IfW Kiel).
    4. Manuela Moschella, 2007. "An International Political Economy Approach to the Neighbourhood Policy. The ENP from the Enlargement and the Mediterranean Perspectives," European Political Economy Review, European Political Economy Infrastructure Consortium, vol. 7(Summer), pages 156-180.
    5. Eneas GAKUSI & Michel GARENNE, 2004. "Vulnerability and Resilience Determinants of under-five mortality changes in Zambia," Working Papers 200406, CERDI.
    6. Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2001. "Una Revisión del COmportamiento y de los determinantes del ahorro en el mundo," Central Banking, Analysis, and Economic Policies Book Series, in: Felipe Morandé & Rodrigo Vergara & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edit (ed.),Análisis Empírico del Ahorro en Chile, edition 1, volume 1, chapter 2, pages 13-48, Central Bank of Chile.
    7. Koch, Martin, 2012. "International Organizations in Development and Global Inequality: The Example of the World Bank's Pension Policy," WIDER Working Paper Series 103, World Institute for Development Economic Research (UNU-WIDER).
    8. Mohd Nayyer Rahman & Nida Rahman & Abdul Turay & Munir Hassan, 2022. "Do Trade and Poverty Cause Each Other? Evidence from BRICS," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 14(1), pages 9-31, January.
    9. Herman Bennett & Norman Loayza & Klaus Schmidt-Hebbel, 2001. "Un estudio del ahorro agregado por agentes económicos en Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Felipe Morandé & Rodrigo Vergara & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edit (ed.),Análisis Empírico del Ahorro en Chile, edition 1, volume 1, chapter 3, pages 49-82, Central Bank of Chile.
    10. Ho-Chul Lee & McNulty, Mary P., 2003. "East Asia's dynamic development model and the Republic of Korea's experiences," Policy Research Working Paper Series 2987, The World Bank.
    11. Robert Holzmann, 2002. "Can Investments in Emerging Markets Help to Solve the Ageing Problem?," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 1(2), pages 215-241, September.
    12. Vines, David, 2021. "Towards resilient health systems: New institutions, an invigorated civil society, and global cooperation," INET Oxford Working Papers 2021-15, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    13. Heather Marquette, 2004. "The Creeping Politicisation of the World Bank: The Case of Corruption," Political Studies, Political Studies Association, vol. 52(3), pages 413-430, October.
    14. Cunguara, Benedito & Hanlon, Joseph, 2010. "Poverty is not being reduced in Mozambique," LSE Research Online Documents on Economics 28467, London School of Economics and Political Science, LSE Library.
    15. Kanbur, Ravi, 2006. "The economics of international aid," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 26, pages 1559-1588, Elsevier.
    16. World Bank, 2001. "Mozambique : Public Expenditure Management Review," World Bank Publications - Reports 15442, The World Bank Group.
    17. World Bank, 2003. "Bosnia and Herzegovina : Poverty Assessment, Volume 1. Main Report," World Bank Publications - Reports 14693, The World Bank Group.
    18. World Bank, 2003. "Brazil - Strategies for Poverty Reduction in Ceara : The Challenge of Inclusive Modernization, Volume 1. Main Report," World Bank Publications - Reports 15298, The World Bank Group.
    19. Matteo Bobba & Andrew Powell, 2006. "Mediación multilateral de la ayuda extranjera," Research Department Publications 4501, Inter-American Development Bank, Research Department.
    20. William Easterly, 2009. "Can the West Save Africa?," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 373-447, June.

    More about this item

    Keywords

    World Bank and India; Economic policy; Adjustment; Macro economy; Agricultural sector; Social sector; Power sector.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ6:v:2:y:2015:i:3:p:117-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.