Development Regimes in South Asia

A new imperial formation is emerging and globalisation today has much in common with globalisation a century ago. Then there was British Empire, now there is US Empire. In global development discourse, each national state governs its economy, and each 'developing economy' is developing itself, in a global context, but in south Asia and elsewhere, national development regimes can also be understood realistically as officially but not operationally independent territories in a global development regime. Who is leading development, who is benefiting, and where today's trends are moving remain debatable. It is more accurate to say that development has entered a confusing phase of flux and uncertainty.