Date of Award
Spring 2019
Thesis Type
Open Access
Degree Name
Honors Bachelor of Arts
Department
Agricultural Economics
Sponsor
Dr. Anca Voicu
Committee Member
Dr. Harry Kypraios
Committee Member
Dr. Phil Kozel
Abstract
As developing countries increasingly integrate themselves into the global economy, increased social spending is desirable to protect their vulnerable groups from rapid changes experienced by the economy associated with increased openness. However, while developed nations are largely successful in maintaining and increasing their social spending as a response to globalization, the case with developing countries is usually the opposite. We find that key determinants of this divergence between developing and developed countries stems from factors such as the extent of surplus and informal labor, quality of democracy and democratic institutions, and the power of unions. As India further integrates into the global economy, it can maintain its social spending by expanding its employment guarantee programs such as NREGA, and work to bridge the gap between formal and informal workers.
Recommended Citation
Jain, Ansh, "Globalization and Social Spending: Lessons for India" (2019). Honors Program Theses. 74.
https://scholarship.rollins.edu/honors/74
Rights Holder
Ansh Jain