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Business

In: The Economy of South Asia

Author

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  • Tirthankar Roy

    (LSE)

Abstract

How did the corporate firms change during the state-led development phase, 1950–1980, and beyond? The chapter explores the question. The scholarship often reads the relationship between the corporates and the states in terms of a model of state repression or partnership. The chapter suggests that business history in the postcolonial times cannot be studied as a linear trajectory of either progressive empowerment or confinement of business by the state. Corporate world was differentiated in 1950, and the states helped some and repressed others. For example, trading firms and exporting foreign firms suffered in India and Sri Lanka, possibly East Pakistan as well. Politicians’ relationship with indigenous industrialists was more cordial, if still fraught with tensions. Further, the regulatory regime made a number of sudden turns. The composition of corporates before and after every one of these was different.

Suggested Citation

  • Tirthankar Roy, 2017. "Business," Palgrave Studies in Economic History, in: The Economy of South Asia, chapter 10, pages 239-285, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-54720-6_10
    DOI: 10.1007/978-3-319-54720-6_10
    as

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