Globalization has changed the world significantly over the past two decades. The global economy is far more interconnected than before, and the progress of nations depends both on internal and external factors. Given resource constraints and lack of investment in developing South Asian countries, market forces and private investment, both external and internal, are increasingly been relied on as the engine of economic growth. The book has been written within this overarching contemporary context, and therefore is very relevant for readers interested in the South Asian economy.
South Asia has the world's largest working age population, a quarter of all middle-class consumers; and at the same time, it has the dubious distinction of being home to the largest number of poor and undernourished. In the book, the authors have managed to succinctly highlight some of the reasons for these cleavages. They note that after independence from colonial rule, South Asian countries ‘adopted closed macroeconomic policies with import substitution industrialization policies’ in an effort to encourage ‘self-reliance’. History has proven that this and subsequent policy planning based on normative underpinnings were costly missteps.
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http://www.tandfonline.com/eprint/v7ydFtkGSecna3sqqHjs/full
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