Social Scientist. v 20, no. 226-27 (Mar-April 1992) p. 92.


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92 SOCIAL SCIENTIST

domestic economy (Chapter four). A switch in the cropping pattern leading to expansions/contractions in acreage under exportable/home consumption crops, sectoral shifts with internal prices of different crops and 'forced* commercialisation of agriculture led to stagnation in agricultural output. Integrating Indian economy prematurely into the network of international trade offered little gains from trade. Rather it resulted in spoliations in the domestic economy through growth inhibiting forces.

Chapters one and five being 'introductory' and 'on perspectives' respectively clarify the overall theoretical framework in which a colony empire relations with particular reference to India is analysed. The question is whether the above historiography on colony empire relations is useful to understand the under development syndrome in the neo-colonial setting of the post World War II phase? The author notes 'The colonial tributes and the drain of wealth have been substituted, in the politically independent colonies of the post second world war, by flows of royalties, dividends, interest payments, and technical fees on foreign capital' (ibid., p. 202). Besides high foreign exchange reserves to be insisted upon by IMF whether through the inflows of aids or loans or larger inflows of private capital by means of manipulating government policies favouring IMF guided adjustment policies etc. have led to the reversal of capital flows from the third world. Will not the compulsion to maintain export surplus imply a transfer of real resources to the developed world? If such parallels exist the present book will certainly prove to be the boon to the potential research scholars. A wide readership of the book is, therefore, suggested.

SUDHANSHU BHUSHAN Lecturer, Economics, Vanijya Mahavidyalaya Patna University



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