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| 1 |
ID:
092211
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| Publication |
2009.
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| Summary/Abstract |
Contemporary globalisation is viewed both as offering immense opportunities and posing a fundamental threat to the nation-state and democratic governance. To the proponents of globalisation, integration into the world economy through liberalisation of foreign trade and capital flows, combined with deregulation of the national economy, promises greater economic efficiency, higher consumption levels and generally improved living standards. For them, state intervention in the economy aimed at restricting the free play of market forces is dysfunctional, resulting in lower social and economic benefits for the population at large. Within this optimistic perspective, globalisation is thought likely to 'flatten' economic differences between nations1 and lead to a 'borderless world',2 where the barriers to flows of capital, technology, and information will be minimised if not totally removed.
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| 2 |
ID:
101497
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2010.
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| Summary/Abstract |
The objective of this analysis is mainly to construct an intuitive measure of the performance of the National Rural Employment Guarantee Scheme (NREGS) in India. The focus is on divergence between demand and supply at the district level. Some related issues addressed are: (i) whether the gap between demand and supply responds to poverty; and (ii) whether recent hikes in NREGS wages are inflationary. Our analysis confirms responsiveness of the positive gap between demand and supply to poverty. Also, apprehensions expressed about the inflationary potential of recent hikes in NREGS wages have been confirmed. More importantly, higher NREGS wages are likely to undermine self-selection of the poor in it.
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