Shalendra D Sharma
Biographic Data
| ID | 245650 |
|---|---|
| NAME | Shalendra D Sharma |
| GIVEN NAMES | Shalendra D |
| FAMILY NAME | Sharma |
| SIGNATURE | SHARMA S D |
| AFFILIATIONS | University of San Francisco |
| ORCID | 0000-0002-5091-9248 |
| VERIFIED | Yes |
| TOTAL WORKS | 38 |
| TOTAL CITATIONS | 15 |
| WORKS AS AUTHOR | 38 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1993 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
The “New Welfarism,” Good Governance, and Electoral Success in Modi’s India
According to a number of recent reports, India has been successful in reducing multidimensional poverty levels over the past two decades. This trend is evident under the Modi Era due to successful introduction and implementation of various welfare reforms since 2014. Robust economic growth has been a necessary but insufficient condition to explain this observed phenomenon. Rather, over two decades of structural changes and the shifting calculus o…
India’s Fight against the Covid-19 Pandemic
In early 2020, when the COVID-19 pandemic was indiscriminately spreading around the world, the seeming ability of India, the world’s second most populous country (with over 1.3 billion people), to contain the virus within its borders and keep COVID-19 infection and mortality rates low relative to population size was seen as miraculous. However, the miracle ended when the ‘second-wave’ hit India in April 2021. On 1 May 2021, India became the first…
Trump and the End of an Era? The Liberal International Order in Perspective
The liberal international economic and political order which the United States created from the ashes of World War II and has since led is in trouble. To United States President Donald Trump, the order which provided the framework under which sovereign states agreed to follow a rules-based system of economic and political cooperation and shared multilateral governance, has not only allowed other nations (in particular, China) to take advantage of…
India under Modi’s second term
Almost all observers believed that India’s 2019 general election would result in a hung parliament and a coalition government. Yet, the election returned Prime Minister Narendra of the pro-Hindu Bharatiya Janata Party (BJP) to a second five-year term in office. The BJP not only increased its parliamentary majority, it also won seats in states and regions beyond the Hindi heartland. Indeed, Modi is the first prime minister since Indira Gandhi in 1…
Modinomics in India
An assessment of Modi’s economic policies (“Modinomics”) shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India’s economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This…
India's Economic Liberalization
Excerpts from Current History essays on major milestones, published two decades ago
Which Way India
Jagdish Bhagwati and Arvind Panagariya, Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries. New York: Public Affairs, 2014, pp. 280, US$28.99. Jean Dreze and Amartya Sen, An Uncertain Glory: India and its Contradictions. Princeton: Princeton University Press, 2013, pp. 448, Paperback US$19.95, Hardcover US$29.95
India Rising’ and the Mixed Blessings of Globalisation
India has been a major beneficiary of economic globalisation. Yet, integration into the global economy has also made India vulnerable to the unpredictable swings in market sentiment. Nevertheless, the ultimate effects of cross-border economic forces also depend on the robustness of domestic policies. Potential vulnerabilities such as disruption in trade or financial flows can be mitigated by sound macroeconomic policies. Although ‘licence raj’ an…
Manufacturing Dissent
India in 2010
The Congress Party, although in a strong position to improve matters in 2010, generally proved disappointing, especially in the realm of governance and public policy. However, Indian authorities did demonstrate the ability to manage the economy well in a challenging international economic climate. President Obama's three-day trip helped to reinvigorate bilateral ties, but India's relations with China and Pakistan remained testy
The Uncertain Fate of “Chindia”
Although Sino-Indian relations have greatly improved over the past decade, ... [u]nresolved territorial disputes, China's unconditional support of Pakistan, and growing competition for energy resources and regional influence could quickly derail hard-won gains
The Arab world amidst the global financial crisis of 2008–2009
When the problems in the United States housing sector mushroomed into a global financial crisis by September 2008, it was assumed that Arab countries would remain immune: the oil-rich Gulf Cooperation Council (GCC) countries because of their massive financial reserves, and the resource-poor countries because of their limited linkages to the global economic system – in particular, the global financial markets. However, this assumption has proven t…
La Chine, créancier du monde et les États-Unis, débiteurs du monde. Conséquences sur les relations sino-américaines
La Chine est aujourd’hui le premier créancier au monde, les États-Unis sont les premiers débiteurs. Pékin est le principal détenteur étranger de la dette gouvernementale américaine. Supplantant le Japon en 2008, la Chine est devenue le premier créancier étranger du gouvernement américain. Certains affirment que cette situation donne à Pékin un pouvoir sans précédent sur les États-Unis ; d’autres considèrent que le pouvoir de la Chine est en fait …
Japan, China, South Korea, and India
When the subprime-induced financial crisis broke out in the U.S. housing sector in the summer of 2007 and mushroomed into a global financial crisis by September 2008, it was widely believed that the Asian economies, especially the “big four”—Japan, China, South Korea, and India—would remain largely immune from the worst of the crisis. However, this assumption has proven to be false. All four countries have felt the negative impact of the financia…
India in 2009
The past year was a momentous one for India. The country navigated through the shoals of an unprecedented global financial crisis with only modest negative impact, and successfully continued the world's largest exercise in democracy. The 15th general election in April-May 2009 saw the venerable Congress Party return to power with a large mandate. On the external front, although ties between India and the Obama administration have been friendly, r…
China and India in the Age of Globalization
The rise of China and India is the story of our times. The unprecedented expansion of their economic and power capabilities raises profound questions for scholars and policymakers. What forces propelled these two Asian giants into global pacesetters, and what does their emergence mean for the United States and the world? With intimate detail, Shalendra D. Sharma's China and India in the Age of Globalization explores how the interplay of socio-his…
A Political Economy of the Indian State in the Era of Globalisation
The origins and nature of the post-Independence Indian state have been the subject of much research and debate among scholars and political activists. The state has been contradictorily and colourf
The other Global Crisis
Nations around the world are currently confronting an unprecedented financial crisis triggered by the collapse of the US subprime mortgage market. Despite extensive support from governments and monetary authorities, the financial meltdown has already taken a heavy toll on the world economy, with more economic hardship predicted for the immediate future. The crisis came at a time when the leading G7 economies were already slowing due to skyrocketi…
China and India in the age of globalization
The rise of China and India is the story of our times. The unprecedented expansion of their economic and power capabilities raises profound questions for scholars and policy makers. What forces propelled these two Asian giants into global pacesetters, and what does their emergence mean for the United States and the world? With intimate detail, Shalendra D. Sharma's China and India in the Age of Globalization explores how the interplay of sociohis…
Asia's Challenged Giants
China and India are already major players in the global economy. However, their impact in coming decades on the world's economic and strategic landscape will depend ... on how each deals with its structural and economic challenges
India's Economic Liberalization
Renewing the momentum of reform, and thereby broadening and reviving growth, is essential if India is to achieve its economic goal of breaking out of the third world
Government intervention or market liberalization
This paper questions the conventional view that the Korean financial crisis of 1997 was simply the result of pervasive government intervention in the economy. While Korea has had a long history of state involvement, and while state policies did contribute to inefficient resource allocation and inefficiencies, the strategy of market liberalization introduced in the early 1990s hardly performed any better. In fact, this paper illustrates that, alth…
China's Hobbled Leviathan
China's banking system has undergone significant changes in the past two decades. It has been transformed from a mono‐bank system typical of centrally‐planned economies to an increasingly diversified multi‐layered system comprising a central bank together with a growing number of domestic and foreign commercial banks. In fact, China's banking system is now among the worlds largest, particularly in relation to GDP. Nevertheless, China's banks are …
Bringing politics back in
We now have a fairly good understanding of the economic causes of the 1977 Asian financial crisis. There is as yet, however, little understanding of the politics behind the crisis. Not only did various political systems in Asia play a significant role in fomenting the crisis, they have also demonstrated remarkable capacities in dealing with its aftermath. Nowhere is this more evident than in the far-reaching economic reforms implemented by the Ki…
Post-Crisis Asia
Almost all the East Asian economies have recaptured the economic momentum disrupted by the 1997 financial crisis in the region. Although that momentum was slowed with the global economic downturn in 2001, the process of financial and corporate rebuilding and restructuring in response to the crisis has not
The Indonesian Financial Crisis
In mid-1998, a World Bank study grimly noted that "Indonesia is in deep economic crisis.A country that achieved decades of rapid growth, stability, and poverty reduction is now near economic collapse . . .no country in recent history, let alone one the size of Indonesia, has ever suffered such a dramatic reversal of fortune."1 2 There is bitter irony in Indonesia's fall from grace.Long hailed as a model of successful economic development, it was …
Making the Human Development Index (HDI) gender-sensitive
The Human Development Index (HDI) has become a widely used measure for understanding patterns of socio-economic development. This article argues that it could be greatly improved by incorporating sex-disaggregated data, to reveal the different socio-economic contributions and situations of men and women within each country
Democracy, neoliberalism and growth with equity
This essay questions the still pervasive view that democratic regimes are ill‐suited to reconciling economic growth with distribution. Drawing on the experiences of post‐liberalization India (1991–1999) and post‐authoritarian Chile (1990–1999), it posits the question differently: what explains why Chile's new democracy (the Concertacion) has been able to judiciously combine market‐guided or neoliberal economic policies with reformist and distribu…
India’s Fight against the Covid-19 Pandemic
In early 2020, when the COVID-19 pandemic was indiscriminately spreading around the world, the seeming ability of India, the world’s second most populous country (with over 1.3 billion people), to contain the virus within its borders and keep COVID-19 infection and mortality rates low relative to population size was seen as miraculous. However, the miracle ended when the ‘second-wave’ hit India in April 2021. On 1 May 2021, India became the first…
Modinomics in India
An assessment of Modi’s economic policies (“Modinomics”) shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India’s economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This…
India Rising’ and the Mixed Blessings of Globalisation
India has been a major beneficiary of economic globalisation. Yet, integration into the global economy has also made India vulnerable to the unpredictable swings in market sentiment. Nevertheless, the ultimate effects of cross-border economic forces also depend on the robustness of domestic policies. Potential vulnerabilities such as disruption in trade or financial flows can be mitigated by sound macroeconomic policies. Although ‘licence raj’ an…
The Arab world amidst the global financial crisis of 2008–2009
When the problems in the United States housing sector mushroomed into a global financial crisis by September 2008, it was assumed that Arab countries would remain immune: the oil-rich Gulf Cooperation Council (GCC) countries because of their massive financial reserves, and the resource-poor countries because of their limited linkages to the global economic system – in particular, the global financial markets. However, this assumption has proven t…
Japan, China, South Korea, and India
When the subprime-induced financial crisis broke out in the U.S. housing sector in the summer of 2007 and mushroomed into a global financial crisis by September 2008, it was widely believed that the Asian economies, especially the “big four”—Japan, China, South Korea, and India—would remain largely immune from the worst of the crisis. However, this assumption has proven to be false. All four countries have felt the negative impact of the financia…
India's precarious democracy
India's Democracy: Analysis of Changing State‐Society Relations. Atul Kohili (ed.), Princeton: Princeton University Press, 1988. Democracy and Discontent: India's Growing Crisis of Governability. Atul Kohli. New York: Cambridge University Press, 1990 In Pursuit of Lakshmi: The Political Economy of the Indian State. Lloyd I. Rudolph and Susanne Hoeber Rudolph. Chicago: University of Chicago Press, 1987 The Painful Transition: Bourgeois Democracy i…
Markets and States in Development
Research Article| September 01 1993 Markets and States in Development: India's Reformers and the East Asian Experience Shalendra D. Sharma Shalendra D. Sharma Search for other works by this author on: This Site PubMed Google Scholar Asian Survey (1993) 33 (9): 894–904. https://doi.org/10.2307/2645236 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Twitter LinkedIn Tools Icon Tools Get…
India's precarious democracy
India's Democracy: Analysis of Changing State‐Society Relations. Atul Kohili (ed.), Princeton: Princeton University Press, 1988. Democracy and Discontent: India's Growing Crisis of Governability. Atul Kohli. New York: Cambridge University Press, 1990 In Pursuit of Lakshmi: The Political Economy of the Indian State. Lloyd I. Rudolph and Susanne Hoeber Rudolph. Chicago: University of Chicago Press, 1987 The Painful Transition: Bourgeois Democracy i…
India’s Economic Liberalization
Essay| December 01 1996 India’s Economic Liberalization: The Elephant Comes of Age Shalendra D. Sharma Shalendra D. Sharma Shalendra D. Sharma is an assistant professor in the department of politics and in the Graduate Center for the Pacific Rim at the University of San Francisco. He is currently completing a book on the political economy of agricultural reform in India. Search for other works by this author on: This Site PubMed Google Scholar Cu…
Making the Human Development Index (HDI) gender-sensitive
The Human Development Index (HDI) has become a widely used measure for understanding patterns of socio-economic development. This article argues that it could be greatly improved by incorporating sex-disaggregated data, to reveal the different socio-economic contributions and situations of men and women within each country
Agricultural growth and 'trickle-down' reconsidered
This paper analyses the legacy of the ‘green revolution’ in rural India, going beyond the economic sphere to take into account the comprehensive impact of State-guided development strategies on the lives of ordinary people. Based on information collected during fieldwork in North India, it aims to provide a more finely differentiated picture ofthe nature andramifications of the ‘green revolution’ in the countryside, as well as giving making sugge…
Development and Democracy in India
This broad, historically grounded study examines the relationship between democratic governance and economic development in postindependence India (1947-1998). Sharma addresses the fundamental paradox of India's political economy: Why have five decades of democratically guided strategies failed to reconcile economic growth with redistribution or to mitigate the condition of extreme poverty in which some 350 to 400 million Indians - more than 40 p…
Democracy, neoliberalism and growth with equity
This essay questions the still pervasive view that democratic regimes are ill‐suited to reconciling economic growth with distribution. Drawing on the experiences of post‐liberalization India (1991–1999) and post‐authoritarian Chile (1990–1999), it posits the question differently: what explains why Chile's new democracy (the Concertacion) has been able to judiciously combine market‐guided or neoliberal economic policies with reformist and distribu…
From meltdown to recovery
There is no easy explanation for the Asian financial crisis of 1997. The current literature focusses on structural weaknesses, mismanagement and international capital flows as the primary causes of the Asian financial crisis. This paper seeks to highlight some important factors that have been left out by the current literature. The author argues that three external shocks carry some responsibility for causing and extending the crisis: the devalua…
The Indonesian Financial Crisis
In mid-1998, a World Bank study grimly noted that "Indonesia is in deep economic crisis.A country that achieved decades of rapid growth, stability, and poverty reduction is now near economic collapse . . .no country in recent history, let alone one the size of Indonesia, has ever suffered such a dramatic reversal of fortune."1 2 There is bitter irony in Indonesia's fall from grace.Long hailed as a model of successful economic development, it was …
The Asia-Pacific in the New Millennium
Post-Crisis Asia
Almost all the East Asian economies have recaptured the economic momentum disrupted by the 1997 financial crisis in the region. Although that momentum was slowed with the global economic downturn in 2001, the process of financial and corporate rebuilding and restructuring in response to the crisis has not
Beyond Crony Capitalism
Why China Survived the Asian Financial Crisis
The Chinese economy shows a remarkable resemblance to those of pre-crisis Thailand, Indonesia, South Korea and Malaysia - especially the asset bubbles, high reliance on banking intermediation, poor prudential supervision, and fragility of the financial system. Yet, China defied the common prediction and did not succumb to the financial crisis. What explains the China ability to withstand a major region-wide financial crisis? This study addresses …
Reinventing India
India's Economic Liberalization
Renewing the momentum of reform, and thereby broadening and reviving growth, is essential if India is to achieve its economic goal of breaking out of the third world
Government intervention or market liberalization
This paper questions the conventional view that the Korean financial crisis of 1997 was simply the result of pervasive government intervention in the economy. While Korea has had a long history of state involvement, and while state policies did contribute to inefficient resource allocation and inefficiencies, the strategy of market liberalization introduced in the early 1990s hardly performed any better. In fact, this paper illustrates that, alth…
China's Hobbled Leviathan
China's banking system has undergone significant changes in the past two decades. It has been transformed from a mono‐bank system typical of centrally‐planned economies to an increasingly diversified multi‐layered system comprising a central bank together with a growing number of domestic and foreign commercial banks. In fact, China's banking system is now among the worlds largest, particularly in relation to GDP. Nevertheless, China's banks are …
Bringing politics back in
We now have a fairly good understanding of the economic causes of the 1977 Asian financial crisis. There is as yet, however, little understanding of the politics behind the crisis. Not only did various political systems in Asia play a significant role in fomenting the crisis, they have also demonstrated remarkable capacities in dealing with its aftermath. Nowhere is this more evident than in the far-reaching economic reforms implemented by the Ki…
Asia's Challenged Giants
China and India are already major players in the global economy. However, their impact in coming decades on the world's economic and strategic landscape will depend ... on how each deals with its structural and economic challenges
China and India in the Age of Globalization
The rise of China and India is the story of our times. The unprecedented expansion of their economic and power capabilities raises profound questions for scholars and policymakers. What forces propelled these two Asian giants into global pacesetters, and what does their emergence mean for the United States and the world? With intimate detail, Shalendra D. Sharma's China and India in the Age of Globalization explores how the interplay of socio-his…
A Political Economy of the Indian State in the Era of Globalisation
The origins and nature of the post-Independence Indian state have been the subject of much research and debate among scholars and political activists. The state has been contradictorily and colourf
The other Global Crisis
Nations around the world are currently confronting an unprecedented financial crisis triggered by the collapse of the US subprime mortgage market. Despite extensive support from governments and monetary authorities, the financial meltdown has already taken a heavy toll on the world economy, with more economic hardship predicted for the immediate future. The crisis came at a time when the leading G7 economies were already slowing due to skyrocketi…
China and India in the age of globalization
The rise of China and India is the story of our times. The unprecedented expansion of their economic and power capabilities raises profound questions for scholars and policy makers. What forces propelled these two Asian giants into global pacesetters, and what does their emergence mean for the United States and the world? With intimate detail, Shalendra D. Sharma's China and India in the Age of Globalization explores how the interplay of sociohis…
The Uncertain Fate of “Chindia”
Although Sino-Indian relations have greatly improved over the past decade, ... [u]nresolved territorial disputes, China's unconditional support of Pakistan, and growing competition for energy resources and regional influence could quickly derail hard-won gains
The Arab world amidst the global financial crisis of 2008–2009
When the problems in the United States housing sector mushroomed into a global financial crisis by September 2008, it was assumed that Arab countries would remain immune: the oil-rich Gulf Cooperation Council (GCC) countries because of their massive financial reserves, and the resource-poor countries because of their limited linkages to the global economic system – in particular, the global financial markets. However, this assumption has proven t…
Political science (34 works) · Economics (31 works) · Law (21 works) · Development economics (19 works) · Politics (16 works) · Business (13 works) · China (13 works) · Indian Economic and Social Development (13 works) · Political economy (12 works) · Financial crisis (11 works)