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8 - Conclusion

Published online by Cambridge University Press:  08 September 2023

Maanik Nath
Affiliation:
Universiteit Utrecht, The Netherlands
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Summary

Summary: This chapter connects findings from the book to broader issues in global economic history and comparative development. It summarises the role of region-specific ecology, the design and persistence of colonial institutions, and ineffectual market regulation in constraining rural capital markets in colonial and postcolonial India. This framework contributes to our understanding of three major economic forces. One is the role of climate in the development process, that risk of harvest failure from frequent weather shocks affected markets and inequality. The second is the relationship between property rights, courts and investment, a relationship that is more dynamic than previously thought. The third is the short- and long-term impact of targeted policies, and the path-dependent political ideologies that have determined how interventions were designed. The book’s contribution to each theme can be tested in preceding and succeeding periods, as well as positioned comparative global context.

Type
Chapter
Information
Capital Shortage
Credit and Indian Economic Development, 1920–1960
, pp. 196 - 204
Publisher: Cambridge University Press
Print publication year: 2023

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  • Conclusion
  • Maanik Nath, Universiteit Utrecht, The Netherlands
  • Book: Capital Shortage
  • Online publication: 08 September 2023
  • Chapter DOI: https://doi.org/10.1017/9781009359023.008
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  • Conclusion
  • Maanik Nath, Universiteit Utrecht, The Netherlands
  • Book: Capital Shortage
  • Online publication: 08 September 2023
  • Chapter DOI: https://doi.org/10.1017/9781009359023.008
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Maanik Nath, Universiteit Utrecht, The Netherlands
  • Book: Capital Shortage
  • Online publication: 08 September 2023
  • Chapter DOI: https://doi.org/10.1017/9781009359023.008
Available formats
×