A study in development by dispossession. (1st June 2017)

• Record Type: Journal Article
• Authors: Bhaduri, Amit
• Is Part Of: Cambridge journal of economics. Volume 42:Number 1(2018)
• Page Start: 19
• Page End: 31
• Publication Date: 2017-06-01
• Subjects: Jobless growth -- Informal sector -- Natural resources -- Corporations -- Democracy; Economics -- Periodicals; Economic history -- Periodicals; 330
• DOI: 10.1093/cje/bex026
• Languages: English
• ISSNs: 0309-166X

Abstract

Abstract: The paper analyses corporate-led jobless growth propelled by development-induced displacement caused by land acquisition by the State. It shows as its inevitable outcome an expanding informal sector which encroaches upon land-related natural resources allocated to the corporate sector. This reduces the latter's labour productivity and competitiveness along with negative impact on environment and social cohesion. Using the example of India as a multiparty democracy, the paper points to the emergence of a dangerous developmental politics of mutualism between political parties and corporations over land acquisition, which subverts the very democratic process through which political power is wielded.