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By Daniel L. Spencer

This booklet is a examine of 1 form of relation among public professionals and the personal zone. within the sleek global it truly is changing into more and more transparent that those methods of organizing financial existence needs to discover ways to get in addition to one another and improve cars of mutual virtue. this can be very true within the re­ lations among complex and constructing economies simply because for old purposes, the improvement of non-Western economies this present day is taking a path really diverse from the trail of the complex enterprise economies of the West. it truly is fascinating for either spheres to aim and comprehend one another and search for methods of having alongside. overseas tensions may be alleviated to the measure that optimistic attitudes are taken and mechanisms of the type handled during this booklet are created. a lot of the matter is just one in every of semantics. The time period "socialism" or "socialistic trend of society", for instance, that is usually utilized in India as a favorable notice has very detrimental conno­ tations for americans. There are, after all, socialists in India who might make their economic system totally publicly owned, indis­ tinguishable from the chinese language or the Russian, however the overwhelming majority of leaders linked to the dominant occasion in India visualize a gift and destiny combined economic system now not too various from that reached by means of the U.S. via a truly assorted street. We within the usa were nurtured at the trust in deepest enterprise.

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Extra info for India, Mixed Enterprise and Western Business: Experiments in Controlled Change for Growth and Profit

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1 2 PRIVATE ENTERPRISE IN INDIA 29 paper, glass, etc. were fairly well established, but producer goods industries tended to lag. Cut off from sources of supply in Europe, America and Japan, still more consumer goods industries sprang up. These included bicycles, radios, automobile assembly, electrical devices like fans and appliances. 1 World War II stimulated production in existing producer goods industries. All important industries worked to capacity and several new industries were founded. In 1943 and 1944, production reached a peak at about 25 % over pre-war level.

3 Jute had also been a handicraft industry in India, but from the second quarter of the nineteenth century, India became a greater exporter of raw jute to the Dundee area in Scotland. 4 Jute manufacture in India appears after I850. It can be said to have developed parallel to the opening of the great agricultural lands in America following the revolution in transportation methods. The need for gunny sacks to transport the produce evoked investment in the industry which was developed mainly by British capital and Scotch technicians from the Dundee area.

For the most part, dividend rates for controlled shares were higher than portfolio. 3 %). It must be pointed out, however that all profits are not remitted and, in this sense, are not strictly comparable to dividends paid out abroad. The picture of private enterprise activity, which the pre-planning period in India presents, is that of comparatively scanty development, chiefly in light industry, coupled with foreign domination at the center of financial institutions peculiar to India. To this summary may be added that historically investment in these light industries was very profitable for Western interests, the rate of return declining as the modern period is approached, but still substantial - even in the planning period.

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