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A study in development by dispossession
[Class relations and the pattern of accumulation in an agrarian economy]

Author

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  • Amit Bhaduri

Abstract

The paper analyses corporate-led jobless growth propelled by development-induced displacement caused by land acquisition by the State. It shows as its inevitable outcome an expanding informal sector which encroaches upon land-related natural resources allocated to the corporate sector. This reduces the latter’s labour productivity and competitiveness along with negative impact on environment and social cohesion. Using the example of India as a multiparty democracy, the paper points to the emergence of a dangerous developmental politics of mutualism between political parties and corporations over land acquisition, which subverts the very democratic process through which political power is wielded.

Suggested Citation

  • Amit Bhaduri, 2018. "A study in development by dispossession [Class relations and the pattern of accumulation in an agrarian economy]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(1), pages 19-31.
    • Handle: RePEc:oup:cambje:v:42:y:2018:i:1:p:19-31.
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    File URL: http://hdl.handle.net/10.1093/cje/bex026
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    Citations

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    Cited by:

    1. Kasturi Sadhu & Saumya Chakrabarti, 2021. "Neo-Dualism: Accumulation, Distress, and Proliferation of a Fissured Informality," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(4), pages 694-724, December.
    2. Amit Bhaduri, 2018. "A macroeconomic perspective on Asian development," WIDER Working Paper Series wp-2018-91, World Institute for Development Economic Research (UNU-WIDER).
    3. Paramjit Singh & Surinder Kumar, 2021. "Demographic Dividend in the Age of Neoliberal Capitalism: An Analysis of Employment and Employability in India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(3), pages 595-619, September.
    4. Amit Bhaduri, 2018. "A macroeconomic perspective on Asian development," WIDER Working Paper Series 91, World Institute for Development Economic Research (UNU-WIDER).

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