Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series) - Image 1

£75.99

Cambridge University Press Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series)

Name: Capital Shortage: Credit and Indian Economic Development, 1920-1960 (Cambridge Studies in Economic History - Second Series)
Brand: Cambridge University Press
Price: 75.99 GBP
Availability: InStock

Business & Economic History

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Description

The great majority of the population in colonial and postcolonial India lived in the countryside and were poor. Many were unable to find gainful work outside agriculture and remained dependent on a livelihood that provided only subsistence, and a precarious one. Seeking the roots of persistent poverty, Maanik Nath finds that the pervasive high cost and shortage of capital affected the peasant's ability to invest in land. The productivity of land, as a result, remained small and changed little. Bridging economic theory and historical evidence, Capital Shortage shows that climate, law, policy design, and interactions between these factors, perpetuated a stubborn cycle of low investment and widespread deprivation over several decades. These findings can be tested against credit and development in preceding and succeeding periods as well as positioned in comparative global context.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 100935907X
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 30 June 2023
Listed Since: 24 November 2022

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Cambridge University Press Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series)

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