Nikhil Menon on Planning Democracy
Ideas of India
Fabio Plans
I find it quite instructive when people that we now associate as critics of Fabio Plans write about what they thought of at the time. To be against import substitution seemed like an argument almost for neo-colonialism to allow these Western powers to once again take a foothold, says Bhagavati. I think that you get the idea if someone like Jagdish Bhagavti who today we associate with a very different kind of economics could himself feel that you get a sense of how mainstream the idea was.
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