The long march to capitalism : embourgeoisment, internationalization, and industrial transformation in India

The author captures the evolution of Indian industrial capitalism by extending the 'models of capitalism' and 'regulation framework'. Using principally the auto industry and anchoring the analysis to the expansion of markets, he demonstrates that the Indian state and businesses have been important institutions for creating markets. He acknowledges significant market growth, but also underscores several contradictions arising from such capitalist development. There is a wealth of data, which scholars, policymakers, and businesses will find very useful.

The second in a trilogy of studies on globalization, industrial change, and development, this work by D'Costa (comparative international development, U. of Washington) analyzes the sources of India's recent industrial transformation and its processes of capitalist development. He explores the social (class) foundations of state-led capitalist development and structural transformation in creating market demand; the macroeconomic basis for the shifting regime of accumulation and the emerging new capitalist mode of regulation; changing institutional arrangements under the new mode of regulation (such as state-business relationships, the role of foreign capital in internationalizing the automobile supply system, and increased output); the backward integration of the automobile industry with the diffusion of best industry practices in India; and the social consequences of capitalist industrialization such as uneven regional development, social and economic exclusion, excess capacity, and environmental challenges. Annotation ©2006 Book News, Inc., Portland, OR

"The Long March to Capitalism is a social and economic analysis of contemporary industrialization in India and it illustrates a distinct process of capitalist market development. Relying on political economy and institutional approaches, the author analyzes India's recent industrialization, with a focus on the automobile and consumer durables industries. The author argues that structural transformation, which was initially state-engineered, became the foundation for future market growth and that the rise of the Indian "middle" class has been the basis for market development, consistent with international economic integration and globalization. Departing from other studies on market expansion, the study emphasizes the uneven character of capitalist development and the inherent contradictions of contemporary industrialization. It outlines some of the ways by which contradictions could be "resolved" with an alternative system of capitalist regulation."--BOOK JACKET The Long March to Capitalism is a social and economic analysis on contemporary industrialization in India and it illustrates a distinct process of capitalist market development. Relying on political economy and institutional approaches, the author analyses India's recent industrialization, with a focus on automobiles and consumer durables industries. The author argues that structural transformation, which was initially state-engineered, became the foundation for future market growth and that the rise of the Indian 'middle' class has been the basis for market development, consistent with international economic integration and globalization. Departing from other studies on market expansion, the study emphasizes the uneven character of capitalist development and the inherent contradictions of contemporary industrializaton. It outlines some of the ways by which contradictions could be 'resolved' with an alternative system of capitalist regulation Front Matter....Pages i-xviii Introduction: Capitalism, Markets, and Industrial Change....Pages 1-15 One Capitalism or Many? Interpreting Indian Industrial Development....Pages 16-45 State, Embourgeoisment, and Market Development in India....Pages 46-69 Embourgeoisment, Internationalization, and Auto Market Evolution....Pages 70-104 Capitalist Regulation, Flexible Production, and Auto Market Evolution....Pages 105-141 Uneven Development and the Changing Regime of Accumulation in West Bengal....Pages 142-168 Capitalist Competition, Consumption, and Contradictions of Industrial Transformation....Pages 169-198 Concluding Remarks on Capitalism, Markets, and Development....Pages 199-207 Back Matter....Pages 208-243