Contributed papers presented at a national seminar organized by North East India Council of Social Science Research in Shillong, India.

Economic development of frontier and remote regions has long been a central theme of development studies. This book examines the development experience in the northeastern region in India in relation to the processes of globalisation and liberalisation of the economy. Bringing together researchers and scholars, from both within and outside the region, the volume offers a comprehensive and updated analysis of governance and development issues in relation to the northeastern economy. With its multidisciplinary approaches, the chapters cover a variety of sectors and concerns such as land, agriculture, industry, infrastructure, finance, human development, human security, trade and policy. This book will be useful to scholars and researchers of economics, public policy, governance and development, geopolitics, geography, development studies, politics and sociology of development and area studies as well as observers and policymakers interested in the Northeast.

Globalization has affected a change across the regions of the world and India is no exception. The national economy has become far more integrated with the global economy now. However, there are large parts of the underdeveloped regions that suffer from endemic underdevelopment. The north-eastern region is one such region. The relevance of Globalisation in the context of the North-Eastern Region of India has additional implications in terms of social and political integration. The most important characteristic of the north-eastern region is that all the constituent units (states) are relatively closed ethnic groups. All the states in the region share porous international border. Consequently, both product and factor markets in these states have some international dimension. Given the socioeconomic and geopolitical dimensions in the region, the prevailing pattern of development in these states has also culminated in the form of social unrest and degradation of economic values. This clearly implies that the development policies and programmes have fallen short of meeting the social and economic aspirations of the indigenous population in the region. In this context, the question that arises is how the forces of Globalization and economic growth could be combined together to address the implicit and most relevant questions associated with migration, unemployment and development of trading activities in the perspective of North-Eastern Region of India.

A powerful case for the global market economy The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future. Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

A controversial look at the end of globalization and what it means for prosperity, peace, and the global economic order Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets, is beginning to fracture. With disappointing growth rates across the Western world, nations are no longer willing to sacrifice national interests for global growth; nor are their leaders able—or willing—to sell the idea of pursuing a global agenda of prosperity to their citizens. Combining historical analysis with current affairs, economist Stephen D. King provides a provocative and engaging account of why globalization is being rejected, what a world ruled by rival states with conflicting aims might look like, and how the pursuit of nationalist agendas could result in a race to the bottom. King argues that a rejection of globalization and a return to “autarky” will risk economic and political conflict, and he uses lessons from history to gauge how best to avoid the worst possible outcomes.

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

An inspiring collection that uses case studies and theoretical reflection to contextualise the linkages between collective action theories, social movement practices and the phenomenon of globalisation. All of the perspectives presented will force a rethink of the exact meaning of globalisation and the way in which such insights can be used to advance understanding of basic transformations occurring in the diverse world of the twenty-first century.