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Alternate paths to economic development:a comparative analysis of Brazil and India in the era of neoliberalism 1 1 I would like to thank two anonymous referees. I am also grateful to Watson Institute, Brown University for inviting me to give a lecture on themes related to this paper. The suggestions from the participants have been invaluable. The suggestions made by the students and faculty at TISS Mumbai where this paper was presented, have also been useful. As always, the usual disclaimers apply.

Caminhos alternativos ao desenvolvimento econômico: uma análise comparativa entre Brasil e India na era do neoliberalismo

ABSTRACT

This paper compares and contrasts Brazilian and Indian strategies of development during the era of neo-liberalism from a long period perspective. The Brazilian economy has attempted to combine the goals of redistribution and social equity with the goals of growth and productivity. India on the other hand has pursued a growth maximizing approach to development, while paying little or no attention to the larger goals of human well-being. The article seeks to understand the dynamics of economic change in the two economies and attempts to draw out the institutional and political factors that have influenced these approaches.

KEYWORDS:
Neoliberalism; Human Development; Brazil, India

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