ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by A S BhallaSubscribe to A S Bhalla

Collapse of Barings Bank-Case of Market Failure

Collapse of Barings Bank Case of Market Failure A S Bhalla The black and white view of the state vs markets is clearly exaggerated. Recent development debate has over-romanticised the successful role of the market and the private sector in promoting growth and reducing inefficiency. The collapse of Barings Bank is proof of this.

Innovations and Small Producers in Developing Countries

Developing Countries A S Bhalla This paper presents the preliminary results of lLO surveys in five countries designed to explore the innovative potential and technology requirements of small production units often operating outside the organised or formal' economy The evidence presented here shows that small enterprises have a potential to generate innovations which can be exploited in an appropriate policy environment.

Can High Technology Help Third World Take-off

Can 'High' Technology Help Third World Take-Off?
A S Bhalla This paper examines the scope for and limitations of a strategy of technological leap-frogging from the point of view of the third world countries. It examines preconditions for a successful leap-frogging and take off and argues that these conditions are likely to hold only in advanced developing countries. The paper also argues that central planning and government intervention play an important role in technological take-off THE term "take-off is associated with the name of W W Rostow who defined it as "an industrial revolution, tied directly to radical changes in methods of production, having their decisive consequence over a relatively short period of time". To quote Rostow further:

Microelectronics for Small-Scale Production

A S Bhalla The problems of small-scale production and industrialisation in the past have been manifold: tack of local purchasing power, inadequate credit facilities, poor infrastructure and ill-equipped local institutions, etc. These handicaps coupled with competition from large-scale mass production of goods has kept decentralised production in check.

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