By Ananya Mukherjee Reed
Vital to the dynamics of India's post-interventionist period has been the functionality of its company zone. loads of desire has been put on its skill to bring elevated progress charges and degrees of improvement. within the mild of this view, the writer right here examines significantly the character of the Indian company region as a particular socio-historical and political-economic formation. specific emphasis is put on the character of company profitability in India, its old roots and its results on improvement.
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Extra info for Perspectives On the Indian Corporate Economy: Exploring the Paradox of Profits (International Political Economy)
And third, what are the political effects of the emergence of corporate groups? Emergence of corporate groups In order to analyse these questions, it is necessary to go beyond an examination of the morphology of corporate groups and trace their evolution historically. For our purposes, it is important to see the emergence of specific group structures at particular points in time as the outcome of particular strategies of accumulation chosen by corporations. I will refer here primarily to two broad strategies, agglomeration and enucleation (Sapelli, 1990).
Whatever the theoretical approach, the point of departure of managerialism was the fact that ownership had ceased to be the basis of control fairly early on in the life of corporate capitalism and as the diffusion of ownership continued, it became almost irrelevant to corporate control. , without any substantial financial stake in it. This is one of the most significant developments in the history of the corporation, and I will return to it below. For now, let us look at some alternative sources from which corporate control can arise.
As has been extensively theorised by continental writers, the complexity of the European model lies precisely in the fact that it sought to manage the contradiction between accumulation and legitimation in a way that gave explicit recognition to the rights of workers (a) to increasing standards of living; (b) to universal welfare; and (c) to organise themselves politically (Boyer, 1999). , 1998). The Japanese model is essentially different from both the AngloAmerican model and the European model.
Perspectives On the Indian Corporate Economy: Exploring the Paradox of Profits (International Political Economy) by Ananya Mukherjee Reed