Sunder Ramaswamy

Political Economy of Contemporary India
Seventy-five years since independence from the British, and three decades since the launch of the most ambitious set of economic reforms, India has changed dramatically over the years; but what does all this change really mean for the lives of ordinary citizens? This course will explore the political economy context of India’s development, and in particular, the changing texture of democracy, economic transition from the state to the market, gender relations, environmental challenges, India's economic globalization, and a changing world view from the time of India's independence to the present. The course will also capture the tensions inherent in such a multifaceted process of change. We will make use of historical texts and visual sources to map out how local and national economic, socio-political and cultural factors interweave with the global movement of people and ideas in the continued evolution of contemporary India.

Economic Development: Development /as/ Freedom
Much of the world still faces the daily pain of poverty and inequality. Developing countries have to accelerate their growth rates, eradicate poverty, reduce inequalities, create productive employment, and address pressing environmental concerns. We will examine the major analytic and policy issues raised by these challenges and study the need for a productive balance between market forces and positive state action. We will pursue this against the backdrop of Nobel Laureate Amartya Sen’s path breaking work, “Development as Freedom” and bring in case studies from Asia, Latin America and Africa. We will focus on different development strategies adopted, choice of policy instruments, methods of implementation, all the while asking if development is indeed an integrated process of expansion of substantive human freedoms that connect with one another for a higher purpose. (ECON 150 or ECON 155, or by permission) 3 hrs. lecture and discussion.