Political Economy of Development and Business: Towards Decolonisation, Transformation and Alternative Perspectives

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This book presents an alternative, critical perspective on the political economy of development and business. The everyday issues experienced by those on the margins are examined to highlight the Eurocentric bias at the centre of development theory, public policy, and business practices. Ruling class projects within these areas are critically evaluated in order to present a vision of development that recognises pluralistic traditions and people’s everyday experiences. Eurocentric liberal myopia and its praxis are outlined in development theory, public policy, and business practices. Particular focus is given to tribal planning, needs based development, public private partnerships, modes of capital accumulation, conscious capitalism, and creative business education.

This book stands in defense of critical inquiry and pluriversal knowledge against the monolithic knowledge traditions and use of ruling class projects in development, public policy, and business ethics. It aims to explore new forms of economic transformation that are inclusive and worker led. It will be relevant to students and researchers interested in the political economy, development economics, and international business.

Author(s): Bhabani Shankar Nayak
Publisher: Palgrave Macmillan
Year: 2022

Language: English
Pages: 248
City: Cham

Preface
Acknowledgements
Contents
Chapter 1: Colonial World of Postcolonial Historians and the Neoliberal Reinvention of Tribal Identity in India
Introduction
Neoliberalism and Identity
The Idea of Identity
Identity as a Reflection of One’s Own Self
Identity as a Sharing of One’s Self with Others
Land, Environment and Identity Formations
Tribal Cosmology and Their Ideas on Identity
Tribal Identity in Postcolonial India
Hinduisation, Territorialisation and the Changing Notion of Tribal Identity in India
Growth of NGOs and Their Impact on Social Development and Identity Formation
The Politics of Co-option and Dominance
Globalisation and Tribal Identity: Territorialisation of Labour and the Deterritorialisation of Capital
Market Expansion, Crisis and the Disintegration of the Communal Identity
Sustaining the Exclusiveness for Inequality and Exploitation of Tribals
Conclusion
Bibliography
Chapter 2: Myth of Modernisation and Development in Orissa
Introduction
A Brief History of Mining and Industrialisation in Orissa
Myth of Modernisation, Industrialisation and Development in Orissa
Silenced Drums and Unquiet Woods
Conclusion
Bibliography
Chapter 3: Interrogating Social Capital and Denials of Development in the Planning for Tribal Development in India
Introduction
Development as a Concept
Development Versus Planning for Tribal Development in India
Seven Decades of Indian Planning and Tribal Development
Interrogating Social Capital, Voluntary Action for Tribal Development
Conclusion
Bibliography
Chapter 4: Capitalism and Transition of ‘Needs’-Based Development to ‘Desires’-Based Development
Introduction
The Idea of Individuality and Society Among Tribals in India
Market, Individual and Society
Locating Transitions in the Development Planning for Tribals in India
Revisiting of Freudian Ideas in the Tribal Development Policies in India
Conclusion
Bibliography
Chapter 5: Impossible Theorem and Possibilities of Development Studies
Introduction
Pathways of Development Studies
Development as Freedom
Development as Participation
Failures of Development Studies and Impossibility Theorem
The Question of Survival
Alternatives Within Development Studies as a Discipline
Conclusion
Bibliography
Chapter 6: Reification and Praxis of Public–Private Partnerships in History
Introduction
History of Public–Private Partnerships (PPPs) in Economic Development Planning
Theoretical Trends of Public–Private Partnerships (PPPs)
Conclusion
Bibliography
Chapter 7: Challenges of Cultural Relativism and the Future of Feminist Universalism
Introduction
Nature of Feminism, Universalism and Cultural Relativism
Contradictions Between Feminism and Cultural Relativism
Universalism: Claims of Essentialism?
Feminism and Cultural Relativism: Similarities
Future Challenges and Alternatives
Conclusion
Bibliography
Chapter 8: Bhagavad Gita and Hindu Modes of Capitalist Accumulation in India
Introduction
Canonisation of Gita as National Scripture
Hindu Religion and Capitalism in India
Theoretical Context from Social Structures of Accumulation to Religious Structures of Accumulation
Bhagavad Gita and Hindu Modes of Accumulation in India
Karma and Dharma (Duty)-Led Regimes, Modes and Structures of Accumulation
Domestication of Labour and the Spiritual Economy of Bhakti (Devotion)
Artha (Wealth) and Gyana/Vidya (Knowledge)
Moksa (Deliverance or Salvation) or Nirvana as the Theological Promise of Capitalism
Conclusion
Bibliography
Chapter 9: Bhagavad Gita in the Making of Conscious Capitalism
Introduction
Religion, Capitalism and Consciousness
Hindu Religious Consciousness, Bhagavad Gita and Capitalism
Conclusion
Bibliography
Chapter 10: Eurocentric Conceptualisation of Risk in International Business
Introduction
Theoretical and Conceptual Trends to Locate ‘Risk’
Conclusion
Bibliography
Chapter 11: Decolonising Business Ethics from Eurocentric Philosophy and Advancing Radical Perspectives on Pluriversal African Business Ethics
Introduction
Why to Advance Business Ethics in Africa?
Eurocentric Foundation of Business Ethics
Models and Praxis of Eurocentric Business Ethics in Africa
Decolonisation of Business Ethics and Advancing Pluriversal African Business Ethics
Conclusion
Bibliography
Chapter 12: Subjective and Objective Limits of Creative Business Education
Introduction
Debates Around Interdisciplinarity
‘Creativity’, ‘Labour’ and ‘Capital’ in Creative Business Education Curriculum
Interdisciplinary Limits of Creative Business Education
Conclusion
Bibliography
Chapter 13: Post-pandemic Transformations: How and Why COVID-19 Requires International Business to Rethink Its Praxis
Introduction
The Covid-19 and International Business
International Business and Visions for a Post-Covid-19 World
Reconfiguring Social Foundations of International Business and Market
Customer to Citizens as Shareholders of International Business
Towards Post-pandemic Transformations in International Business
Conclusions
Bibliography
Chapter 14: Follies of State and Capitalism During the Covid-19 Crisis
Introduction
Globalisation and Pandemic of Capitalist Crises
Coronavirus Pandemic-Led Global Health Crises
Environmental Crises
Economic Crises
Political Crises
Military Crises
Crises of Governance
COVID-19, Fallacies of ‘Failed State’ Thesis and Future of Developmental and Capitalist States
End of Economic Globalisation and Rise of Surveillance Capitalism
Towards the Forward March of Workers-Led Alternative Globalisation
Conclusion
Bibliography
Bibliography
Index