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Cambridge Journal of Economics Advance Access originally published online on April 17, 2008
Cambridge Journal of Economics 2009 33(6):1169-1186; doi:10.1093/cje/ben008
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© The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Global order and the new economic policy in India: the (post)colonial formation of the small-scale sector

Anjan Chakrabarti, Ajit Chaudhury and Stephen Cullenberg*

* University of Calcutta, University of Calcutta and University of California, Riverside respectively

Address for correspondence: email: chakanjan{at}hotmail.com

Using a class focused Marxist approach, we elucidate the adopted position of Indian small-scale sector as a devalued other within the adopted development paradigm that accords primacy to Capital and West. In the background of this understanding of small-scale sector, we demonstrate how the New Economic Policy in the era of globalization could be theorized as a tool to obtain the (post) colonial hegemony of capital over the small-scale sector.

Key Words: Class • Small-scale • New economic policy • Postcolonialism • Hegemony

JEL classifications: J08, O17, P16

Manuscript received July 10, 2006; final version received February 11, 2008.


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